Citizen Media Watch

oktober 13th, 2021

Unitisation And Unit Operating Agreement

Posted by lotta

Article 27(2) of the Model Clauses for Marine Production Licences4 is the relevant model clause which must be taken into account in understanding the functioning of standardisation in the United Kingdom. Before a full standardisation agreement is concluded, the Parties may decide to conclude a prior standardisation agreement. Pre-unity agreements are a useful pre-agreement, as the negotiation of a full unification agreement takes a long time and must address the complexity of standardization to the satisfaction of a number of parties. In addition, the implementation of a prior agreement will allow the lessees to carry out the first unitization evaluation work. The single accounting procedure in Annex C of the UUOA 2020 appointing authority has been completely revised to comply with the accounting procedure of the 2012 appointing authority, as well as certain improvements and amendments to apply the accounting procedure to a unit context. . . .



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