Common use of SUCCESSIVE RELINQUISHMENTS OF THE CONTRACT AREA Clause in Contracts

SUCCESSIVE RELINQUISHMENTS OF THE CONTRACT AREA. 5.1 At the end of the initial period of the Exploration Phase referred to in Article 4.1.1 above, the CONTRACTOR shall relinquish -----% of the Contract Area determined in accordance with Article 3.2 above.

Appears in 5 contracts

Samples: www.snh.cm, www.cgg.com, s3.amazonaws.com

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SUCCESSIVE RELINQUISHMENTS OF THE CONTRACT AREA. 5.1 At the end of the initial period of the Exploration Phase referred to in Article 4.1.1 above, the CONTRACTOR shall relinquish -----% thirty percent (30%) of the Contract Area determined in accordance with Article 3.2 above.

Appears in 2 contracts

Samples: Production Sharing Contract, Production Sharing Contract (Kosmos Energy Ltd.)

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