Production Tests Sample Clauses
Production Tests. The Liquid Hydrocarbons obtained as a result of the production tests carried out by THE CONTRACTOR shall also incur the fees mentioned in the previous items.
Production Tests. Until each well in the APOD has been completed, not later than forty-five (45) days after the end of each fiscal quarter (commencing with the fiscal quarter ending December 31, 2021 and prior to December 31, 2023), a certificate of a Responsible Officer setting forth reasonably detailed calculations showing compliance or non-compliance with the PDP Production Test as of the last day of such fiscal quarter; provided that, for the avoidance of any doubt, no such certificate shall be required on or after December 31, 2023.
Production Tests. Liquid Hydrocarbons obtained as a result of Production tests carried out by THE CONTRACTOR, shall also cause the rights set forth in the paragraphs above, provided the conditions on number 16.2 are met.
Production Tests. The Liquid Hydrocarbons obtained as a result of the production tests conducted by THE CONTRACTOR will also pay the fee mentioned in the preceding Sections, provided the conditions of Section 16.2 are satisfied. Natural Gas obtained in Production Tests conducted by THE CONTRACTOR will not pay the fees for high prices.
Production Tests. When the Operator has drilled the Test Well to Contract Depth and if Petroleum Substances from any zone in the Joint Lands are reasonably anticipated to be in Paying Quantities, Eternal, as Operator, shall case the Test Well and:
(a) conduct production tests as soon as practicable if Petroleum Substances other than natural gas in Paying Quantities is indicated; or
(b) if Petroleum Substances composed predominantly of natural gas in Paying Quantities is indicated,
(i) conduct production tests as soon as practicable; or
(ii) Cap the Test Well and conduct production tests on or before the later of the first anniversary date of the Test Well drilling rig release and as soon as practicable after an economic market for those Petroleum Substances becomes available, provided that, if Eternal, as operator for and on behalf of the Farmors, has not fulfilled its obligations within one year of the drilling rig release of the Test Well, Eternal shall, at the end of that year and every 6 months thereafter until Eternal has fulfilled its obligations, give notice to the Parties of its plans to production test and produce the Test Well, if any. When Eternal has conducted the production tests, Eternal shall finish the Completion, Capping or Abandonment of the Test Well as soon as practicable.
Production Tests