Total Term. The Total Term of this Agreement, for each section of the Concession Area which might become a Field in the terms provided herein, shall be equal to the sum of the term starting at the Effective Date until the respective Declaration of Commerciality, added by a period of 27 (twenty-seven) years, as defined in paragraph 8.1. To this Total Term, Extended periods shall be automatically added upon authorization, pursuant to paragraphs 7.3 and 7.5, being these two cases exclusively related to the Development Area referred thereto, and the paragraphs 8.4 and 8.5 related to the Field referred thereto.
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Sources: Concession Agreement for the Exploration, Development and Production of Oil and Natural Gas, Concession Agreement for the Exploration, Development and Production of Oil and Natural Gas