Common use of ALLOCATION OF PRODUCTION Clause in Contracts

ALLOCATION OF PRODUCTION. 1. The Executive Agencies shall require the unit operator, on behalf of the Licensees and 60 days prior to the commencement of production from a Transboundary Reservoir, to initiate consultations on the allocation of production to each side of the Delimitation Line by submitting a proposal for the allocation of production for approval by the Executive Agencies to be applied from first production. The Executive Agencies shall, prior to any decision not in agreement with the proposal, jointly consult with the unit operator. 2. Each Executive Agency shall ensure that all relevant and available information from the Unit Area related to the proposal Is made available in a timely manner to the other Executive Agency. 3. If the Executive Agencies are unable to reach agreement on this initial allocation of production within 30 days from the date of the initiation of consultations In accordance with paragraph 1 of this Article, the matter shall be addressed by the Joint Commission.

ALLOCATION OF PRODUCTION. 1. The Executive Agencies shall require the unit operator, on behalf of the Licensees and 60 days prior to the commencement of production from a Transboundary Reservoir, to initiate consultations on the allocation of production to each side of the Delimitation Line by submitting a proposal for the allocation of production for approval by the Executive Agencies to be applied from first production. The Executive Agencies shall, prior to any decision not in agreement with the proposal, jointly consult with the unit operator. 2. Each Executive Agency shall ensure that all relevant and available information from the Unit Area related to the proposal Is is made available in a timely manner to the other Executive Agency. 3. If the Executive Agencies are unable to reach agreement on this initial allocation of production within 30 days from the date of the initiation of consultations In in accordance with paragraph 1 of this Article, the matter shall be addressed by the Joint Commission.