Common use of Production Tests Clause in Contracts

Production Tests. The Liquid Hydrocarbons obtained as a result of the production tests conducted by THE CONTRACTOR will also pay the fee mentioned in the preceding Sections, provided the conditions of Section 16.2 are satisfied. Natural Gas obtained in Production Tests conducted by THE CONTRACTOR will not pay the fees for high prices.

Appears in 2 contracts

Sources: Exploration and Exploitation Contract, Exploration and Exploitation Contract (Harken Energy Corp)