Common use of Exploitation of the Unit Reservoirs Clause in Contracts

Exploitation of the Unit Reservoirs. (1) The exploitation of the Unit Reservoirs shall be undertaken in an integrated manner in accordance with the terms of this Agreement. (2) Australia and Timor-Leste shall ensure that the obligations of the Regulatory Authorities contained in this Agreement, with respect to ensuring compliance by the Sunrise Joint Venturers with the terms of this Agreement, shall be fully observed.

Appears in 2 contracts

Sources: Agreement Between the Government of Australia and the Government of the Democratic Republic of Timor Leste Relating to the Unitisation of the Sunrise and Troubadour Fields, Unitisation Agreement