Contract Area definition

Contract Area means, on the Effective Date, the area described in Appendix-A and delineated on the map attached as Appendix B or any portion of the said area remaining after relinquishment or surrender from time to time pursuant to the terms of this Contract (including any additional area as provided under Article 11.3).

Contract Area means the geographic maintenance area as negotiated between the Employer and the Province of BC.

Contract Area means the area that is the subject of a Petroleum Agreement and, if any part of a Contract Area is relinquished pursuant to a Petroleum Agreement, the Contract Area is the Contract Area as originally granted;

Examples of Contract Area in a sentence

• If any such facility serves contract areas other than the Contract Area, or any business other than Petroleum Operations, the costs thereof shall be allocated on an equitable and consistent basis.

• If the size of the additional area exceeds ten percent (10%) of the size of the original Contract Area, the GOVERNMENT and the CONTRACTOR shall negotiate a new service contract for the additional area.

• At such time as the CONTRACTOR has established commercial production, the CONTRACTOR may undertake technical and economic studies to determine the feasibility of establishing downstream facilities such as petrochemical, liquefied natural gas (“LNG”), liquefied petroleum gas (“LPG”), compressed natural gas (CNG) or middle distillate synthesis plants in the Philippines to utilize a portion of the Petroleum produced from the Contract Area.

• All documents, information, data and reports related to the Petroleum Operations within the Contract Area (“Confidential Information”) shall be kept confidential, pursuant to this Section XXIV, except in cases as specified in Sections 24.02, 24.03, 24.04, provided that the release of such Confidential Information is based on justifiable grounds as determined by the GOVERNMENT or are mandated by existing laws or regulations.

• If such a field extends to an adjacent area not covered by a service contract, then the Contract Area may be extended, subject to the approval of the GOVERNMENT within a reasonable time, to include such part of the adjacent area as is necessary to cover such field.

More Definitions of Contract Area

Contract Area means the surface area described in Annex 1, including the geological formations contained in the vertical projection of such surface to the depth indicated in Annex 1, in which the Contractor is authorized and obligated to conduct Petroleum Activities pursuant to this Contract, it being understood that: (i) this Contract does not grant the Contractor any real property rights to the Contract Area or to natural resources in its subsurface, and (ii) the Contract Area shall be reduced in accordance with the terms of this Contract.

Contract Area means the area constituted by the blocks specified in the contract that have not been relinquished or surrendered;

Contract Area means that part of the Area allocated to the Contractor for Exploitation, defined by the coordinates listed in schedule 1 hereto.

Contract Area means the area specified in Annexes A and B, but not any part of it which has been relinquished under Article 3; “Contract Year” means a period commencing on the Effective Date, or on any anniversary of it, and ending immediately before the next anniversary of it;

Contract Area means Block L27 the geographic area covered by this Contract, and described in Appendix "A" and any part thereof not previously surrendered;

Contract Area means on the Effective Date, the area described in Annexes 1 and 2 and, thereafter, the whole or any part of such area in respect of which, at the relevant time, the Contractor continues to have rights and obligations under this Contract.

Contract Area means all lands and oil and gas interests intended to be developed and operated for oil and gas purposes under this agreement. Such lands and oil and gas interests are described in Exhibit "A".