Annual Work and Budget Program document specifying the set of activities to be developed by the Consortium Members, including details on the investments required to develop such activities.
Annual Work and Budget Program program which specifies the set of activities to be performed by the Concessionaire during a calendar year, including the detailing of investments necessary to carry out such activities, and it must be submitted by the Concessionaire in the form of Applicable Legislation.
Annual Work and Budget Program of the Exploration Phase 17 Extension of the Exploration Phase and Suspension of the Agreement 18 Options to End the Exploration Phase 19 Concessionaire’s Options after Completion of the Minimum Exploration Program 19 Relinquishment of the Concession Area at the End of the Exploration Xxxxx 00 Compensatory Penalty for Default of the Minimum Exploration Program and Financial Guarantee 20 Types of Financial Guarantees 20 Adjustment of the Financial Guarantees 20 Effectiveness of Financial Guarantees 21 Reduction in the Secured Amount 21 Return of the Financial Guarantees 22 Enforcement of the Compensatory Penalty 22 Notification of Discovery 22 Assessment, Discovery Assessment Plan, and Final Discovery Assessment Report 23 Assessment of New Reservoir 23 Discovery Assessment through Extended Well Test 23 Declaration of Commercial Feasibility 24 Postponement of the Declaration of Commercial Feasibility 24 Start and Duration 26 Extension at the Concessionaire’s request 26 Extension by determination of ANP 26 Consequence of the Extension 26 Termination 27 Relinquishment of the Field 27 Deadlines 28 Development Area 28 Approval and Implementation of the Development Plan 29 Reviews and Amendments 30 Buildings, Facilities, and Equipment 30 Start of Production 30 Annual Production Program 31 Approval of the Annual Production Program 31 Revision 31 Production Volume Variance 31 Temporary Interruption of Production 32 Annual Work and Budget Program of the Production Xxxxx 00 Measurement 32 Monthly Production Reports 32 Production Availability 33 Free Use 33 Supply to the Domestic Market 33 Consumption in the Operations 33 Results of Test 34 Oil and Gas Losses and Burning of Natural Gas 34 Production Individualization Agreement 34 Concessionaire’s Exclusivity 35 Indication of the Operator by the Concessionaire 35 Diligence to Conduct Operations 36 Licenses, Authorizations, and Permits 37 Free Access to the Concession Area 37 Drilling and Abandonment of Xxxxx 37 Additional Work Programs 38 Data Acquisition outside the Concession Area 38 Monitoring and Inspection by ANP 38 Access and Control 38 Assistance to the Concessionaire 39 Release from the Contracting Party’s and ANP’s responsibility 39 Supply by the Concessionaire 39 Processing or Analysis Abroad 40 Properties, Equipment, Facilities, and Materials 40 Licenses, Authorizations, and Permits 41 Expropriations and Easements 41 Facilities or Equipment outside the Concession Area 41 Relinquishment of Areas and Reversal ...
Annual Work and Budget Program. Correspondence between the Content and Other Plans and Programs
Annual Work and Budget Program of the Production Phase 97 Notice of Discovery 97 Oil or Natural Gas Discovery Assessment Plan 97 Development 98 Annual Production Program 98 Decommissioning of Facilities Program 98 Contracting of goods and services 99 Expenditure Authorization 102 Expenses Above Expected 103 Employees of Non-Operating Contractors 103 Limitation of Applicability 103 Procedure to propose Operations with Exclusive Risks 104 Costs of the Operation with Exclusive Risk 104 Other Conditions of Operations with Exclusive Risks 105 Appeal Procedure 105
Annual Work and Budget Program. The Borrower shall, through the MEH, and shall cause the CDC in connection with the Project activities under its responsibility, to: (a), not later than November 30 (or such later date as agreed by the Bank) in each calendar year during Project implementation, prepare and furnish to the Bank, a list of Project activities to be implemented in the calendar year following the date of presentation of said annual plan, including: (i) a detailed timetable for the sequencing and implementation of said activities; and (ii) the types of expenditures required for such activities, and a financing plan and a budget (“Annual Work and Budget Program”), all acceptable to the Bank; and (b) thereafter implement each such Annual Work and Budget Program in accordance with its terms and in a manner acceptable to the Bank.
Annual Work and Budget Program. The same provisions as the Annual Production Program apply to the Annual Work and Budget Program with regard to delivery, approval and review procedures.
Annual Work and Budget Program. The same provisions as the Annual Production Program apply to the Annual Work and Budget Program with regard to delivery, approval and review procedures. The first Annual Work and Budget Program shall cover the remainder of the current year and be presented by the Concessionaire within 60 (sixty) days from the date of signature of this Agreement.
Annual Work and Budget Program document specifying the set of activities to be developed by the Concessionaire, including details on the investments for the next five years required to develop such activities.
Annual Work and Budget Program of the Production Phase 35 Measurement 36 Sharing Point 36 Monthly Production Bulletins 36 Availability of Production 37 National Market Supply 37 Consumption in Operations 37 Test Results 37 Losses of Oil and Natural Gas and Burning of Natural Gas 38 Production Individualization 38 Operator 40 Diligence in the Conduct of Operations 40 Licenses, Authorizations and Permissions 41 Free Access to the Agreement Area 41 Drilling and Abandonment of Xxxxx 41 Additional Work Programs 42 Acquisition of Data outside the Agreement Area 42 Monitoring and Supervision by ANP 42 Follow-up by the Contracting Party 42 Access and Control 42 Assistance to Contractors 43 Exemption of Liability of the Contracting Party and ANP 43 Provision by Contractors 43 Processing or Analysis Abroad 44 Goods, equipment, plant and materials 44 Facilities or Equipment outside the Agreement Area 44 Reversal of Goods 45 Guarantees for Decommissioning of Facilities 45 Goods to be Reversed 46 Removal of Not Reverted Goods 46 Personnel 46 Services 47 Contractor's Commitment to Local Content 47 Assessment of Local Content 48 Surplus of Local Content 49 Fine for the Breach of Local content 49 Environmental Control 50 Social Responsibility 51 Insurance 52 Currency 53 Accounting 53 Audit 53 Assignment 54
