Common use of Development Stage Clause in Contracts

Development Stage. contractual stage started with the approval, by ANP, of the Development Plan proposed by the Concessionaire and which continues during the production phase while investments in ▇▇▇▇▇, equipment and facilities are necessary for the production of Oil and Natural Gas in accordance with the Best Practices of the Oil Industry.

Development Stage. contractual stage started initiated with the approval, by ANP, approval of ANP for the Development Plan proposed by the Concessionaire and which continues is extended during the production phase Production Phase while investments in ▇▇▇▇▇, equipment equipment, and facilities are necessary for the production Production of Oil and Natural Gas in accordance with according to the Best Practices of the Oil IndustryIndustry are required.

Development Stage. contractual stage started with the approval, by ANP, of the Development Plan proposed by the Concessionaire and which continues during extends up to the production phase Production Phase, while necessary investments in ▇▇▇▇▇, equipment and facilities are necessary for the production of Oil and Natural Gas Production are necessary, in accordance with the Best Practices of the Oil Industry.

Development Stage. contractual stage started with the approval, by ANP, of the Development Plan proposed by the Concessionaire and which continues during the production phase Production Phase while investments in ▇▇▇▇▇, equipment and facilities are necessary for the production of Oil and Natural Gas in accordance with the Best Practices of the Oil Industry.