Deadlines The Consortium Members shall submit the Development Plan to ANP within one hundred and eighty (180) days of receipt by the Operator of a communication of approval of the Final Discovery Assessment Report. If the Declaration of Commercial Feasibility is delayed, as provided for in paragraphs 13.4 and 13.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility. Untimely submission of the Development Plan causes the Consortium Members to be subject to the sanctions provided for in Section Thirty-One and in the Applicable Laws and Regulations. Upon evidence of failure to submit the Development Plan within the term provided for in paragraph 15.2, ANP shall notify the Consortium Members so that they submit the Plan within no more than ten (10) days, after which the Agreement shall be lawfully terminated with respect to the relevant Development Area. Development Area The Development Area shall encompass all Deposits to be produced. The Development Area must be delimited on data and information obtained during the execution of the Exploration Phase and the Discovery Assessment, according to the Best Practices of the Oil Industry. During the Development Phase, the Consortium Members may request ANP to change the Development Area in order to incorporate other plots from the Contract Area, as long as, cumulatively: one or more Deposits are verified to be extrapolating the Development Area; and the intended to be incorporated have not been relinquished by the Concessionaire in compliance with the provisions of the Agreement. The Development Area to be retained shall be the one included in the Final Discovery Assessment Report approved by ANP. The Consortium Members shall retain, of the Development Area, only the Field area approved by ANP in the scope of the Development Plan. The Consortium Members must immediately relinquish the remaining plots to ANP, pursuant to the provisions in paragraphs 3.5 and 3.6.
Deadlines The Consortium Members shall submit the Development Plan to ANP within one hundred and eighty (180) days of receipt by the Operator of a communication of approval of the Final Discovery Assessment Report. If the Declaration of Commercial Feasibility is delayed, as provided for in paragraphs 13.4 and 13.5, the Development Plan shall be submitted on the date of the Declaration of Commercial Feasibility. Untimely submission of the Development Plan causes the Consortium Members to be subject to the sanctions provided for in Section Thirty-One and in the Applicable Laws and Regulations. Upon evidence of failure to submit the Development Plan within the term provided for in paragraph 15.2, ANP shall notify the Consortium Members so that they submit the Plan within no more than ten (10) days, after which the Agreement shall be lawfully terminated with respect to the relevant Development Area. Development Area The Development Area shall encompass all Deposits to be produced. The Development Area must be delimited on data and information obtained during the execution of the Exploration Phase and the Discovery Assessment, according to the Best Practices of the Oil Industry. During the Development Phase, the Consortium Members may request ANP to change the Development Area in order to incorporate other plots from the Contract Area, as long as, cumulatively: one or more Deposits are verified to be extrapolating the Development Area; and the intended to be incorporated have not been relinquished by the Concessionaire in compliance with the provisions of the Agreement. The Development Area to be retained shall be the one included in the Final Discovery Assessment Report approved by ANP. The Consortium Members shall retain, of the Development Area, only the Field area approved by ANP in the scope of the Development Plan. The Consortium Members must immediately relinquish the remaining plots to ANP, pursuant to the provisions in paragraphs 3.5 and 3.6.