Full Field Development Clause Samples

Full Field Development. SOCAR and Contractor anticipate that all of the following conditions necessary for commencement of Petroleum Operations toward achieving Full Field Development will be satisfied in a timely manner. The Parties agree that for Petroleum Operations to commence with respect to achieving Full Field Development the following conditions will have to be resolved after the Effective Date to the mutual satisfaction of the Parties; (a) insurance by appropriate authorities of all authorizations, permissions, licences and approvals necessary for the performance of Contractor's work in connection with this Contract, including but not limited to arranging for the construction and operation of an offshore gathering system, onshore processing and related facilities and onshore supply base and construction facilities, securing contractual arrangements with the appropriate authorities and entities having jurisdiction thereof that will provide open access on an acceptable basis to Contractor for use of a waterway and canal system servicing the Caspian Sea for transit of such equipment, supplies, products and other cargoes necessary for the performance of Petroleum Operations under this Contract which cannot be economically transported by alternative methods of transport; (b) arrangements for the financing, construction and operation of the Main Export Pipeline system. The term "arrangements" with respect to the Main Export Pipeline system shall mean the following: (i) agreement among the Parties on the choice of route for the Main Export Pipeline and the conclusion and entry into force of multilateral government treaties between the Government and the government of each country through which the Main Export Pipeline must pass, providing, inter alia, for the construction and operation thereof and the unimpeded flow of Petroleum through the Main Export Pipeline; (ii) the conclusion, enactment into law and entry into force of agreements between the Main Export Pipeline entity and/or the owners of the Main Export Pipeline and each government of a country through which the Main Export Pipeline passes providing, inter alia, for the uninterrupted flow of Petroleum through the Main Export Pipeline, the fixing of stabilized taxes, levies, duties, payments, fees or contributions (and transit fees, if any), or exemptions therefrom, to which the Main Export Pipeline entity and shippers/owners of the Petroleum will be subject, assurances from each such government that it will provide nece...