Production Individualization Commitment. instrument signed after the Declaration of Commercial Viability formalizing the allocation of production of Shared Deposit, that extends throughout different Contract Areas, which rights of Exploration and Production belong to the same company or consortium of identical composition and same share.
Appears in 1 contract
Sources: Concession Contract for Recovery and Production of Oil and Natural Gas
Production Individualization Commitment. instrument signed after the Declaration of Commercial Viability formalizing the allocation of production of Shared Deposit, that extends throughout different Contract Areas, which rights of Exploration and Production belong to the same company or consortium of identical composition and same share. Concessionaire: individually or collectively, legal entities under private law that carry out business activity that are members of the consortium, including the Operator.
Appears in 1 contract
Sources: Concession Contract for Recovery and Production of Oil and Natural Gas