Magnolia Owners’ Tie-In Option Sample Clauses

Magnolia Owners’ Tie-In Option. The Magnolia Owners may utilize the Satellite Production System for a single tie-in to be located on Garden Banks Block 783 for production from subsea wxxxx drilled on the Magnolia Leases. The Producer grants the right to tie-in and will provide services from the tie-in point to the Entry Point for such subsea wxxxx. Satellite Operator will provide notice to Magnolia Owners no sooner than December 31, 2007, and then Magnolia Owners may elect within thirty (30) days of such notice whether to pay for the costs of the tie-in as per Section 3.4.1 (if tie-in occurs or not), provided that the right to tie in, is subject to: (i) the introduction of such production into the Satellite Production System and any modifications to the Satellite Production System necessary to accommodate such production does not adversely affect the Producer’s Satellite Production; and (ii) any changes in the Oil and Gas measurement and allocation procedures to accommodate measurement and allocation of such production does not adversely affect the measurement and allocation of Satellite Production and are consistent with the principles and standards contained in Exhibit “F” (Metering and Allocation). Upon Magnolia Owners’ election to pay said costs, Producer will design, procure, fabricate, transport and install at a mutually agreeable location to all Parties the required tie-in equipment at the expense of Magnolia Owners, and thereafter will hook-up, interconnect, commission, start-up and operate the same, all as provided in Sections 3.4.1 and 3.4.2.
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