Abandonment Operations Required by Governmental Authority. The Operator shall conduct the abandonment and removal of any Equipment [as defined in Article 18.2 (Abandonment of Equipment)] required by a governmental authority, and the Costs, risks, and net proceeds of that abandonment and removal will be shared by the Participating Parties in that Equipment [as defined in Article 18.2 (Abandonment of Equipment)] according to their Participating Interest Share.
Appears in 2 contracts
Sources: Ratification and Joinder of Operating Agreement (Anadarko Petroleum Corp), Operating Agreement (Anadarko Petroleum Corp)