Additional Exploration Sample Clauses
The "Additional Exploration" clause grants a party the right to conduct further investigations or assessments beyond the initially agreed scope. In practice, this may allow a company to perform extra geological surveys, environmental studies, or site inspections if new information arises or if initial results are inconclusive. This clause ensures flexibility in the agreement, enabling parties to adapt to unforeseen circumstances and make informed decisions, thereby reducing the risk of proceeding with incomplete or outdated information.
Additional Exploration. THE CONTRACTOR may undertake Exploration Operations that are additional to the ones contained in the Exploration Program or in the Subsequent Exploration Program, without these Exploration Operations resulting in a modifying of the period agreed for the performance of the Exploration Period or the Subsequent Exploration Period of the ongoing phase or the phases that follow. THE CONTRACTOR must previously inform ▇▇▇ of the performance of the additional Exploration Operations it intends to undertake. If said Exploration Operations are the ones defined in the Exploration Program of the phase that follows and it is THE CONTRACTOR’s desire that said additional Exploration Operations are credited to the compliance of the exploration duties for the phase that follows, THE CONTRACTOR will request ▇▇▇ in writing and the latter will discretionally decide whether it accepts this accreditation. In the event that ▇▇▇ accepts the request, it will determine how the exploration operations additional to the agreements made for the phase of the Exploration Period that follows, will be partially or fully credited.
Additional Exploration. THE CONTRACTOR may perform additional Exploration Operations to those contained in the Minimum Exploration Program or in the Subsequent Exploration Program, without having to modify the term agreed upon for the execution of the Minimum Exploration Program or the Subsequent Exploration Program of the phase in progress or of the following phases. In order to exercise this right, THE CONTRACTOR shall inform THE A▇▇ in advance of the additional Exploration Operations that it intends to pursue. If said additional Exploration Operations are the same as those described in the Minimum Exploration Program of the following Phase, THE A▇▇ may count said Exploration Operations as fulfillment of the exploration obligations agreed upon for the following phase. Conversely, if THE CONTRACTOR wishes to count these additional Exploration Operations as fulfillment of the exploration obligations agreed upon for the following phase, if there is one, THE CONTRACTOR must request this, in writing, from THE A▇▇ who will judge whether it accepts this request or not. If THE A▇▇ accepts the request, THE A▇▇ will determine the manner, either entirely or partially, in which the additional Exploration Operations of the following Exploration Period will be credited.
Additional Exploration. THE CONTRACTOR may perform Exploration Operations in addition to those included in the Minimum Exploration Program or the Subsequent Exploration Program but such Exploration Operations will not change the term agreed for the execution of the Minimum Exploration Program or the Subsequent Exploration Program of the phase in progress or the phases that follow it. In order to exercise this right THE CONTRACTOR will first inform ▇▇▇ of the additional Exploration Operations proposed. If THE CONTRACTOR wishes the Additional Exploration Operations to be credited to compliance with agreed Exploration commitments for the next phase, if any, it will request ▇▇▇ approval for this in writing and ▇▇▇ has the discretion to accept the request or deny it. If ▇▇▇ accepts it ▇▇▇ will determine how all or part of the additional Exploration Operations executed will be credited in the next phase of the Exploration Period.
Additional Exploration. The CONTRACTOR can carry out Exploration Operations additional to those contained in the Minimum Exploratory Program or in the Subsequent Exploratory Program, and it shall not mean the amendment of the term agreed for the execution of the Minimum Exploratory Program or of the Subsequent Exploratory Program of the current phase or of the subsequent phases. To exercise this right, the CONTRACTOR shall previously inform the ▇▇▇ of the additional Exploration Operations that it intends to perform. If those Exploration operations are those defined in the Minimum Exploratory Program of the next phase, the ▇▇▇ shall credit such Exploration Operations to the fulfillment of the exploratory commitments agreed upon for the next phase. Otherwise, if the CONTRACTOR wishes that the additional Exploration Operations are accounted for the performance of the exploratory commitments agreed upon for the subsequent phase, if there is one, it must request it in writing to the ▇▇▇ who, at its sole discretion, shall decide whether or not to accept said credit. In case that the application is accepted by the ▇▇▇, it shall establish the manner to credit, the additional Exploration Operations done, in whole or in part, to the next phase of the Exploration Period.
Additional Exploration. THE CONTRACTOR can carry out Exploration Operations in addition to those contained within the Minimum Exploratory Program or within the Subsequent Exploratory Program, without such Exploration Operation becoming a reason to modify the agreed term for the performance of the Minimum Exploratory Program or the Subsequent Exploratory Program of the current phase or the following phases. IN order to exert such right, the CONTRACTOR shall previously report in writing to the ▇▇▇ on the additional Exploration Operations he wishes to accomplish. If such Exploration Operations are those defined in the following phase’s Minimum Exploratory Program, the ▇▇▇ will credit such Exploration Operations to the fulfillment of exploratory commitments agreed upon for the next phase.
Additional Exploration. THE CONTRACTOR shall carry out additional Exploratory Operations in the Minimum Exploratory Plan or in the Subsequent Exploratory Plan, with no modification of the agreed term for the performance of the Minimum Exploratory Plan or of the Subsequent Exploratory Plan of the ongoing phase or of next phases due to such Exploration Operations. For exercising this right THE CONTRACTOR shall notify to ▇▇▇ in advance with respect to intended additional Exploration Operations. If said Exploration Operations are the defined in the Minimum Exploratory Plan of following phase, the ▇▇▇ shall certify such Exploration Operations in compliance to exploratory commitments agreed for next phase. Otherwise, if THE CONTRACTOR wishes HYDROCARBON EXPLORATORY AND PRODUCTION CONTRACT-LUNA LLENA 11 that such additional Exploration Operations be certified to the compliance of exploratory commitments agreed for next phase, if any, it shall request so by writing to ▇▇▇ who at its sole discretion, shall determine whether it accepts or not such certificate. In the event that said request be accepted by ▇▇▇, it shall determine how the additional Exploration Operations performed in next phase of Exploration Period will be certified in full or in part.
Additional Exploration. 7.7.1. The Contractor is entitled to carry out Exploration Operations in the Allocated Area, in addition to those contained in the Exploration Program and in the Subsequent Exploration Program, without modifying the term agreed for the execution of one or the other for any reason related thereto. Such Operations may be developed in the Phase that is in progress or in the subsequent one, if it is the Exploration Period, or within the term of the Subsequent Exploration Program. For this purpose, it must inform the ▇▇▇ in advance and in writing about the additional Exploration Operations it intends to undertake.
7.7.2. If such Operations correspond to those set out in the Exploration Program of the next phase, and the Contractor is interested in these being accredited to the fulfillment of the exploration commitments of such next Phase, it must so request through reasoned writing to the ▇▇▇, which, at its entire discretion, shall determine if it accepts or not such accreditation, within twenty (20) Business Days as of the day following the submittal of the request. In the event that the request is accepted by the ▇▇▇, it will determine the form to accredit in whole or in part the Additional Exploration Activities executed to the next Phase of the Exploration Period.
8.1. Item: These correspond to those for which the Contractor is responsible, which make up both the Minimum and the Additional Programs, in the case of the Exploration Program, as well as those corresponding to the Subsequent Exploration Program, if any, which have not been effectively and satisfactorily performed at the expiry of the respective Period or Program. With prior authorization and agreement with the ▇▇▇, those that by their nature are divisible, such as the acquisition of Seismic, or those indivisible such as Well Drilling, may be developed in Areas corresponding to other Exploration and Production Contracts, E & P, between the same Parties, or in Available Areas of interest for the ▇▇▇, in which case the information collected or the results of the Exploration Activities are the exclusive property of the latter, as a Contracting Party, and must be delivered to the Agency at the site it determines for reception and custody. Otherwise, that is to say, if it does not opt for and formalizes any of the mentioned possibilities, the Contractor must deliver to the ▇▇▇, in cash, the value equivalent to the activities that it did not perform in full and effectively, or those corresponding to th...
Additional Exploration. THE CONTRACTOR may perform Exploration Operations in addition to those included in the Minimum Exploration Program or the Subsequent Exploration Program but such Exploration Operations will not change the term agreed for the execution of the Minimum Exploration Program or the Subsequent Exploration Program of the phase in progress or the phases that follow it. In order to exercise this right THE CONTRACTOR will first inform ANH of ▇▇e additional Exploration Operations proposed. If mentioned exploration operations are defined in the Minimum Exploration program for the next phase, ANH wi▇▇ accredit mentioned Exploration Operations to compliance with agreed for the next phase. If THE CONTRACTOR wishes the Additional Exploration Operations to be credited to compliance with agreed Exploration commitments for the next phase, if any, it will request ANH ap▇▇▇val for this in writing and ANH ha▇ ▇he discretion to accept the request or deny it. If ANH ac▇▇▇ts it ANH wi▇▇ determine how all or part of the additional Exploration Operations executed will be credited in the next phase of the Exploration Period.
Additional Exploration. THE CONTRACTOR can carry out Exploration Operations in addition to those contained within the Minimum Exploratory Program or within the Subsequent Exploratory Program, without such Exploration Operation becoming a reason to modify the agreed term for the performance of the Minimum Exploratory Program or the Subsequent Exploratory Program of the current phase or the following phases. IN order to exert such right, the CONTRACTOR shall previously report in writing to the ▇▇▇ on the additional Exploration Operations he wishes to accomplish. If such Exploration Operations are those defined in the following phase’s Minimum Exploratory Program, the ▇▇▇ will credit such Exploration Operations to the fulfillment of exploratory commitments agreed upon for the next phase. Otherwise, if the CONTRACTOR wishes such Exploration Operations to be credited to compliance with exploratory commitments for next phase, if there is one, he must request such credit in writing to the ▇▇▇, who will, at its sole discretion, determine whether such credit will be accepted. In case such request is accepted by ▇▇▇, it shall determine the manner in which all or part of the additional Exploration Operations carried out within the next phase of the following Exploration Period will be credited.