Production Area. The Production Area will be enclosed by a polygon or by a regular geometric shape that will include the Commercial Field or the portion of said field that is within the Contract Area, plus a margin around the Commercial Field no greater than one (1) kilometer, provided the Contract Area allows it. Because the area of the Commercial Field included in the Production Area may vary, the Production Area will remain unaltered, with the exception of the provisions included in the following clause.
Appears in 3 contracts
Sources: Exploration and Production Contract, Exploration and Production Contract (GeoPark LTD), Exploration and Production Contract (GeoPark Holdings LTD)