Stage Two The State shall not sell or grant any lease or licence over the Stage 2 area before the date or extended date by which proposals must be approved or determined under clause 5(10) so that the Stage 2 area or part of it is available for the expansion of the Project upon such terms and conditions (if any) as may be agreed upon by the parties prior to that date or extended date.
Stage One Incident Investigation
Production Phase contract period in which the Development and the Production are to be performed.
Phase 2 Phase 2 is expected to consist of Member Nodes and a select number of Nodes operated by non-Members. The non-Member Nodes will be required to comply with Node hosting terms as set forth by the Council, which may be amended from time to time (the “General Node Terms”).
Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in ▇▇▇▇▇, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.