Concession Area definition
Examples of Concession Area in a sentence
If Concessionaire makes more than one Commercial Discovery in the Concession Area each of them shall be the subject of a separate Field Development Plan.
Where Concessionaire encounters other minerals than Petroleum and Lithium in the Concession Area, Concessionaire shall inform the Minister forthwith about such discoveries.
The Government hereby grants Concessionaire the exclusive right to carry out Concession Operations in the Concession Area.
With respect to Lithium, if a Field extends beyond the boundaries of the Concession Area as delimited at any particular time, the Minister shall permit the Concessionaire who made the first Commercial Discovery the exclusive exploitation of the Lithium reserves of the entire Field.
With respect to Petroleum, if a Field extends beyond the boundaries of the Concession Area as delimited at any particular time, the Minister may require Concessionaire to exploit such Field in association with the Concessionaire of the adjacent area in accordance with Article 7.10 and generally accepted practice of the international Petroleum industry.