E&P Contract definition
Examples of E&P Contract in a sentence
Agreement for the Purchase and Sale of Crude Petroleum under the Jilguero and M▇▇▇▇▇ ▇▇▇▇▇ located under the G▇▇▇▇▇▇ E&P Contract between Petrobras Colombia Limited and Petrolifera Petroleum (Colombia) Limited, effective July 1, 2013, expiring December 31, 2013.
A – Agreement for the Purchase and Sale of Crude Petroleum under the Chaza E&P Contract, Guayuyaco Association Contract and the S▇▇▇▇▇▇ Risk Participation Contract between Ecopetrol S.A. and Gran Tierra Energy Colombia, Ltd., effective December 1, 2012, expiring November 30, 2013.
Seller shall have the right to terminate this Agreement upon 5 (five) days’ notice to Buyer (or such shorter period as may be necessary in the circumstances) upon: (i) termination of the Upstream E&P Contract; or (ii) cancellation of any or all of the applicable petroleum mining leases or termination all of the applicable petroleum mining leases.
Seller shall have the right to terminate this Agreement upon 5 (five) days‟ notice to Buyer (or such shorter period as may be necessary in the circumstances) upon: (i) termination of the Upstream E&P Contract; or (ii) cancellation of any or all of the applicable petroleum mining leases or termination all of the applicable petroleum mining leases.
Agreement for the Purchase and Sale of Crude Petroleum under the Ramiriquí well located under the L▇▇▇▇▇ - 22 E&P Contract between Petrobras Colombia Limited and Gran Tierra Energy Colombia Ltd., effective February 1, 2013, expiring January 31, 2014.
It is duly organized and validly existing under the laws of the country where it is organized and is qualified to conduct business in the jurisdiction as necessary to perform the E&P Contract.
If interpretation or enforcement of the E&P Contract by the Government imposes joint and several liability on the Parties for any levy, charge or tax, the Parties agree to cross indemnify each other to the extent that such levy, charge or tax is owed by one Party individually in accordance to the tax legislation in force applicable to this transaction.
To Seller’s Knowledge, Seller is in compliance in all material respects with the E&P Contract, and there are no material Claims (including with respect to Environmental Laws) of which Seller has received notice or, threatened or pending against Seller alleging any failure to so comply.
An Assignment and Assumption of Sellers’ rights and obligations under the Total E&P Contract in the form attached hereto as Exhibit Y.
To Seller’s Knowledge, the Tangible Assets have been constructed, installed, maintained and operated in accordance with the terms of the E&P Contract, the Put-8 JOA, any other applicable Material Contracts; and to Seller’s knowledge, all Tangible Assets are in good and operable condition, reasonable wear and tear excepted, in accordance with the Seller’s past practices.