Common use of GOVERNMENT PARTICIPATION Clause in Contracts

GOVERNMENT PARTICIPATION. (1) The Government may elect to participate in the petroleum operations in any Development area and acquire an interest of up twenty per cent (20%) (hereinafter referred to as "Participating Interest") of the total interest in that development area. The Government may participate either directly or through an appointee

GOVERNMENT PARTICIPATION. (1) The Government may elect to participate in the petroleum operations in any Development development area and acquire an interest of up twenty per cent (20%) (hereinafter referred to as "Participating Interest") of the total interest in that development area. The Government may participate either directly or through an appointee