Changes by the Contractor. If it is useful for the Petroleum Operations, the Contractor may request approval from the Minister to modify an approved Work Programme in accordance with applicable laws. Such request shall describe the rationale and benefits of the proposed changes and shall contain a comparison of the new Work Programme to the Work Programme approved by the Minister, cost variations, and any other information as required by the applicable laws or requested by the Minister. The Minister shall communicate to the Contractor any objection or comment it may have regarding the proposed modifications, it being understood that the Minister shall approve them if the Contractor demonstrates that the proposed changes comply with applicable laws, the terms and conditions of this Agreement (including the Minimum Work Program, the Exploration Plan and, as the case may be, the Development Plan), the Environmental and Safety Management System and Best International Industry Standards and Practices. Approval of changes to the approved Work Programmes is at the discretion of the Minister upon satisfaction that the amended Work Programme delivers the best outcome for the country.
Appears in 2 contracts
Samples: Production Sharing Agreement, Production Sharing Agreement
Changes by the Contractor. If it is useful for the Petroleum Operations, the Contractor may request approval from the Minister to modify an approved Work Programme in accordance with applicable laws. Such request shall describe the rationale and benefits of the proposed changes and shall contain a comparison of the new Work Programme to the Work Programme approved by the Minister, cost variations, and any other information as required by the applicable laws or requested by the Minister. The Minister shall communicate to the Contractor any objection or comment it may have regarding the proposed modifications, it being understood that the Minister shall approve them if the Contractor demonstrates that the proposed changes comply with applicable laws, the terms and conditions of this Agreement (including the Minimum Exploration Work ProgramProgramme, the Exploration Plan and, as the case may be, the Development Plan), the Environmental and Safety Management System and Best International Industry Standards and Practices. Approval of changes to the approved Work Programmes is at the discretion of the Minister upon satisfaction that the amended Work Programme delivers the best outcome for the country.
Appears in 1 contract
Samples: Production Sharing Agreement
Changes by the Contractor. If it is useful for the Petroleum Operations, the Contractor may request approval from the Minister to modify an approved Work Programme in accordance with applicable laws. Such request shall describe the rationale and benefits of the proposed changes and shall contain a comparison of the new Work Programme to the Work Programme approved by the Minister, cost variations, and any other information as required by the applicable laws or requested by the Minister. The Minister shall communicate to the Contractor any objection or comment it may have regarding the proposed modifications, it being understood that the Minister shall approve them if the Contractor demonstrates that the proposed changes comply with applicable laws, the terms and conditions of this Agreement (including the Minimum Work ProgramProgramme, the Exploration Plan and, as the case may be, the Development Plan), the Environmental and Safety Management System and Best International Industry Standards and Practices. Approval of changes to the approved Work Programmes is at the discretion of the Minister upon satisfaction that the amended Work Programme delivers the best outcome for the country.
Appears in 1 contract
Samples: Production Sharing Agreement