05.07.2009

Exploitation area in an oil and gas JOA contract means that part of the contract area which is established for development of a commercial discovery pursuant to the contract or, if the contract does not establish an exploitation area, then that part of the contract area which is delineated as the exploitation area in a development plan approved as a joint operation or as an exclusive operation.

Gina Cohen
Natural Gas Expert
Phone:
972-54-4203480
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