Relinquishments. 5.1 Subject to Article 5.2, the Contract Area shall be reduced by:
Relinquishments. 5.1 Subject to Article 5.2, the Contractor shall select and relinquish portions of the Contract Area as follows:
Relinquishments. The Concessionaire may relinquish the entire Area if it decides to end operations after the Rehabilitation Phase, upon notice to ANP. Relinquishment shall not exempt the Concessionaire from the obligation to comply with the Initial Work Program. The Concessionaire shall not be entitled to any reimbursement for the investments made. Use of the Relinquished Area by ANP As of the expression of interest in the relinquishment of the Area by the Concessionaire, ANP may use it at its sole discretion, including for purposes of new bidding processes.
Relinquishments. 24.1. The Concessionaire may relinquish the entire Area if it decides to end operations after the Rehabilitation Phase, upon notice to ANP.
Relinquishments. 7.1 Subject to the provisions of Articles 7.2 and 7.3, the CONTRACTOR shall surrender portions of the Contract Area as follows:
Relinquishments. There are no known relinquishments required for this project.
Relinquishments. 4.4.1 The Contractor shall, by written notice to the Minister:
Relinquishments. At the end of the ------ (----) Year after the Effective Date hereof, CONTRACTOR shall relinquish to the GOVERNMENT a total of ------ percent (---%) of the original Area on the Effective Date not then converted into a Development Lease(s). Such relinquishment shall be in a single unit of whole Exploration Blocks or originally existing parts of Exploration Blocks not converted into Development Lease(s) (unless otherwise agreed by EGAS) so as to enable the relinquishment requirements to be precisely fulfilled. At the end of the ----- (----) Year after the Effective Date hereof, CONTRACTOR shall relinquish to the GOVERNMENT an additional ---- --------percent (---%) of the original Area on the Effective Date not then converted into a Development Lease(s). Such relinquishment shall be in a single unit (unless otherwise agreed by EGAS) of whole Exploration Blocks or originally existing parts of Exploration Blocks not converted to Development Lease(s) so as to enable the relinquishment requirements to be precisely fulfilled. Without prejudice to Articles III and XXIII and the last three paragraphs of this Article V(a), at the end of the -------- (----) Year of the Exploration phase, CONTRACTOR shall relinquish the remainder of the Area not then converted into Development Lease(s). It is understood that at the time of any relinquishment the areas to be converted into Development Lease(s) and which are submitted to the Minister of Petroleum by application(s) for his approval according to Article III (d) shall, subject to such approval, be deemed converted into Development Lease(s). CONTRACTOR shall not be required to relinquish any Exploration Block(s) in respect of which a notice of Commercial Discovery of Oil or Gas has been given to EGAS, subject to EGAS' right to agree on the existence of a Commercial Discovery pursuant to Article III(c) and without prejudice to the requirements of Article III(e). In the event that at the end of any Exploration period, a well is already under drilling or testing, CONTRACTOR shall be allowed up to six (6) months to enable it to discover a Commercial Oil or Gas Well or to establish a Commercial Discovery, as the case may be. However, any such extension of up to six (6) months shall reduce the duration of the next succeeding Exploration period, if any, as applicable, by that duration. Subject to the Minister of Petroleum’s approval, CONTRACTOR may retain the area supposed to be relinquished for the following Exploration period (if...
Relinquishments. 4.1 Not later than at the end of the Exploration Period, all of the Contract Area other than Discovery Areas and Development and Production Areas shall be relinquished.
Relinquishments. 4.1 Contractor may at any time relinquish voluntarily its rights hereunder to conduct Petroleum Operations in all or any part of the Contract Area. No relinquishment shall relieve Contractor from its unfulfilled minimum commitments for an Evaluation Program and any Annual Program and Budget under Article 3.7 and Article 6.1.
