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Upon the concessionaire’s request, and solely in instances specified by regulation, the exploration part may be extended for up to two years. Comparative CivilComparative Civilcomparative civilLawyer SkopjeLawyer Skopje
The exploration part might last for a most of six years for onshore or seven years for offshore blocks. However, the hydrocarbons production phase begins from the day of the graduation of the first extraction of hydrocarbons from the reservoir and lasts until the expiry of the deadline envisaged by the production concession contract, or a most of as much as 20 years. The production section might, at a request from the concessionaire, be prolonged at most for half of the period of the production phase interval specified by the manufacturing concession contract; i.e., for a maximum of 10 year
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