Common use of Commitment in Second Period Clause in Contracts

Commitment in Second Period. In each Contract Year mentioned below, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 5 Nil Nil 1 well

Commitment in Second Period. In each Contract Year mentioned below, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 4 [•] [•] [•] 5 Nil Nil 1 well[•] [•] [•]

Commitment in Second Period. In each Contract Year mentioned below, and unless the Contractor has Contractors have relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractor Contractors shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: . Contract Year Data Evaluation Surveys Xxxxx 4 Technical studies N/A N/A 5 Nil Nil 1 wellN/A Acquisition, processing and interpretation N/A of 600 sq. km 3D seismic data N/A

Commitment in Second Period. In each Contract Year mentioned below, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th4t ) Contract Year, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 5 Nil Nil 1 well[•] [•] [•] [•] [•] [•] Contract Year

Commitment in Second Period. In each Contract Year Years 4 and 5 mentioned below, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that these Contract YearYears below: Contract Year Years Data Evaluation Surveys Xxxxx 5 Nil Nil 1 wellXxxxx

Commitment in Second Period. In each Contract Year mentioned below, and unless the Contractor has Contractors have relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractor Contractors shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: . Contract Year Data Evaluation Surveys Xxxxx 5 Nil Nil 1 well[•] [•] [•]