Petroleum Activities definition
Examples of Petroleum Activities in a sentence
The Contractor shall keep at its offices in Mexico all accounting books, supporting documents and other records relating to the Petroleum Activities as established by the Accounting Procedures.
The Contractor and each of its Subcontractors shall have independent and exclusive responsibility for the workers employed in the Petroleum Activities and for compliance with labor and employment obligations arising under the Applicable Laws or the individual or collective agreements entered into with their personnel and workers.
A de facto replacement shall be deemed to have occurred when, among other circumstances, the Contractor no longer controls the Petroleum Activities.
The Contractor may use Produced Hydrocarbons for the Petroleum Activities (including as a part of any Enhanced Recovery project), as fuel or for injection or pneumatic lifting, at no Cost, up to levels authorized by CNH in the approved Development Plan.
Prior to the beginning of the Petroleum Activities, the Contractor shall exhibit the required insurance policies to the Agency and CNH hall remain valid during the term of this Contract.