Common use of Exploitation Area Clause in Contracts

Exploitation Area. The Exploitation Area shall be demarcated by a regular polygon, preferably four-sided, that includes the Commercial Field or the portion of it within the Contracted Area, plus a margin no greater than one (1) kilometer surrounding the Commercial Field, whenever the Contracted Area allows it. However the area of the Commercial Field contained in the Exploitation Area may vary, the Exploitation Area will remain unaltered, except for the provisions of the following subsection.

Appears in 2 contracts

Samples: GeoPark Holdings LTD, GeoPark LTD

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Exploitation Area. The Exploitation Area shall be demarcated outlined by a preferably four-sided regular polygon, preferably four-sided, that includes which shall comprise the Commercial Field or the its portion of it within the Contracted contracted Area, plus a margin no greater not larger than one (1) kilometer surrounding margin around the Commercial Fieldfield, whenever provided the Contracted Area allows it. However the area of Since the Commercial Field area contained in within the Exploitation Area may might vary, the Exploitation Area will shall remain unaltered, except for with the provisions exception of the following subsectionstipulations in the paragraph below.

Appears in 2 contracts

Samples: Hydroarbon Exploration and Production Contract (Harken Energy Corp), resourcecontracts.org

Exploitation Area. The Exploitation Area shall will be demarcated by as a regular polygon, preferably four-sided, that includes which will comprise the Commercial Field or of the portion of it within the Contracted Contract Area, plus a margin no greater around the Commercial Field of not more than one (1) kilometer surrounding provided that the Commercial Field, whenever the Contracted Contract Area allows itso permits. However Since the area of the Commercial Field contained in the Exploitation Contract Area may vary, the Exploitation Area will remain unaltered, unalterable except for the provisions of the following subsectionas allowed in Section 9.4 below.

Appears in 2 contracts

Samples: www.resourcecontracts.org, Harken Energy Corp

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Exploitation Area. The Exploitation Area shall be demarcated delimited by a regular four-side polygon, preferably four-sidedpreferable, that includes which shall comprise the Commercial Field or the its portion of it within the Contracted Area, plus a margin no greater surrounding the Commercial Field not larger than one (1) kilometer surrounding the Commercial Fieldkilometer, whenever provided that the Contracted Area allows it. However As required by the area of the Commercial Field contained in the Exploitation Area may vary, the Exploitation Area will shall remain unalteredunchangeable, except for unless the provisions of the following subsectionprovided in next section.

Appears in 1 contract

Samples: Harken Energy Corp

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