Unitization Procedure. The Contractor shall notify the Ministry of Energy and the CNH within (60) Business Days upon gathering all the elements to infer the existence of a shared reservoir. Such notice shall contain at least: (i) the underpinned technical analysis that determines the possible existence of a shared reservoir; (ii) the general characteristics of the shared reservoir;
Appears in 4 contracts
Sources: License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater), License Contract for the Exploration and Extraction of Hydrocarbons (Deepwater)
Unitization Procedure. The Contractor shall notify the Ministry of Energy and the CNH within (60) Business Days upon gathering all the sufficient elements to infer the existence of a shared reservoir. Such notice shall contain at least: (i) the underpinned technical analysis that determines the possible existence of a shared reservoir; (ii) the general characteristics of the shared reservoir;
Appears in 1 contract
Sources: License Contract for the Extraction of Hydrocarbons