G&G Data definition
Examples of G&G Data in a sentence
If the Parties decide to drill a well or ▇▇▇▇▇ within the area covered by the G&G Data obtained in an Exclusive Operation, the Non-Consenting Party shall pay to the Consenting Parties its participating interest share as set out in the agreement of the cost incurred in obtaining such G&G Data, which G&G Data shall then become Joint Property.
If a Non-Consenting Party desires to receive and acquire the right to use such G&G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its Participating Interest share as set out in Clause 3.2(a) of the cost incurred in obtaining such G&G Data.
If a Non-Consenting Party desires to receive and acquire the right to use such G&G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its participating interest share as set out in the agreement of the cost incurred in obtaining such G&G Data.
If a Non-Consenting Party desires to receive and acquire the right to use such G&G data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its Participating Interest share as set out in Article 3.1 of the cost incurred in obtaining such G&G Data.
Such lump sum amount shall be equal to such Non-Consenting Party's Participating Interest share of all liabilities and expenses, including overhead, that were incurred in every Exclusive Operation relating to the G&G Data, Discovery or well, as the case may be, in which the Non-Consenting Party desires to reinstate the rights it relinquished pursuant to Article 7.4(B), and that were not previously paid by such Non-Consenting Party.
Plug Back, Recomplete or Rework involving the use of a drilling rig that is standing by in the Concession Area or proposals to acquire G&G Data where the seismic crew and equipment are standing by in the Concession Area, any such Party wishing to exercise such right must so notify Operator within twenty-four (24) hours after receipt of the notice proposing the Exclusive Operation.
If a Non-Consenting Party desires to receive and acquire the right to use such G&G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its Participating Interest share as set out in clause 3.2(a) of the costs incurred in obtaining such G&G Data plus an additional amount equal to one hundred percent (100%) of such Non-Consenting Party’s Participating Interest share of the costs incurred in obtaining such G&G Data.
For the acquisition of G&G Data, if a Non- Consenting Party desires to receive and acquire the right at any time to use all or part of such G & G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties the amount set out in Article 7.5(A) and the Cash Premium set out in Article 7.5(B)(3).
For the acquisition of G&G Data, if a Non-Consenting Party desires to receive and acquire the right at any time to use all or part of such G & G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties the amount set out in Article 7.5(A) and the Cash Premium set out in Article 7.5(B)(3).
If a Non-Consenting Party desires to receive and acquire the right to use such G&G Data, then such Non-Consenting Party shall have the right to do so by paying to the Consenting Parties its Participating Interest share as set out in Article 7.5(A) and the Cash Premium set out in Article 7.5(B)(3).