Straddling Resources definition
Straddling Resources means a “pool” or “field” as those terms are defined in section 2 of the Canada Oil and Gas Operations Act (Canada) which straddles the Offshore and the Onshore.
Examples of Straddling Resources in a sentence
The Parties recognize the need for efficient and economic exploration, development and production of Petroleum resources in the ISR, including Straddling Resources.
This Article 5 applies to the Notification Area, Straddling Areas and Straddling Resources in the ISR.