Common use of Surrender of blocks Clause in Contracts

Surrender of blocks. 1. The contractor may surrender some or all of the blocks in a contract area provided the conditions of the contract have been met to the satisfaction of the Joint Authority. Blocks surrendered in this way shall be credited towards the block relinquishment requirement in Article 22 of this Petroleum Mining Code.

Surrender of blocks. 1. The contractor may surrender some or all of the blocks in a contract area provided the conditions of the contract have been met to the satisfaction of the Joint Authority. Blocks surrendered in this way shall be credited towards the block relinquishment requirement in Article 22 of this Petroleum Mining Code. Before agreeing to an application to surrender some or all of the blocks in a contract area, the Joint Authority may direct the contract operator to clean up the contract area or remove structures, equipment and other property from the contract area and the contract operator shall comply with that direction.