MIGAS definition
Examples of MIGAS in a sentence
EXHIBIT “B” This Exhibit “B” is attached to and made an integral part of the CONTRACT between SATUAN KERJA KHUSUS PELAKSANA KEGIATAN USAHA HULU MINYAK & GAS BUMI (SKK MIGAS) and PT COGEN NUSANTARA ENERGI and PT HUTAMA WIRANUSA ENERGI, Dated the day 7th of June 2018 in the Contract Area Citarum, onshore Jawa Barat.
Marketing cost component determination shall be agreed by SKK MIGAS and CONTRACTOR in a separate agreement.
The POD for the development of Crude Oil and/or Natural Gas discovery in the subsequent field(s) shall be submitted to SKK MIGAS for SKK MIGAS approval, based on consideration of all pertinent operating and financial data made available by CONTRACTOR.
At the end of the initial term of Exploration Period, CONTRACTOR shall have the option to request a one time extension to SKK MIGAS for a maximum period of four (4) Contract Years, and the approval of such request shall not be unreasonably withheld, provided that CONTRACTOR shall have fully complied with the requirements of relinquishment of Contract Area referred to Section III, and fully performed its Firm Commitment referred to Sub-section 4.2 of Section IV and fulfil all financial obligations hereof.
Following agreement with CONTRACTOR of such commercial discovery, CONTRACTOR shall, as soon as practicable, but consistent with the deadlines set forth in Sub-section 2.2.2, submit a proposed POD of the field in which the Petroleum is discovered to SKK MIGAS, for approval.
SKK MIGAS shall notify CONTRACTOR of the expiration of such five (5) Years time limit and the expiration of this CONTRACT Upon receipt of such notification letter, CONTRACTOR shall be obliged to relinquish all remaining Contract Area to GOI through SKK MIGAS.
If it is anticipated that during such five (5) Years time limit CONTRACTOR shall have not successfully entered into any commercial gas sales agreement, at the request of CONTRACTOR, SKK MIGAS may extend such five (5) Years time limit to a reasonable period(s) of time to be determined by SKK MIGAS.
All notices to SKK MIGAS shall be addressed to: Wisma Mulia Building 35th Floor, Jl. Jend Gatot S▇▇▇▇▇▇ No.42’ Jakarta 12710 Attn : Chairman and all notices to CONTRACTOR shall be addressed to: Ruko Cempaka Putih Permai, J▇.
SKK MIGAS will not unreasonably withhold the delivery of its acknowledgement letter to CONTRACTOR.
This 6th day of July 2018 This Exhibit “A” is attached to and made an integral part of the CONTRACT between SATUAN KERJA KHUSUS PELAKSANA KEGIATAN USAHA HULU MINYAK & GAS BUMI (SKK MIGAS) and PT COGEN NUSANTARA ENERGI and PT HUTAMA WIRANUSA ENERGI, Dated the day 7th of June 2018 in the Contract Area of Citarum, onshore Jawa Barat.