Common use of Commitment in Third Period Clause in Contracts

Commitment in Third Period. In each of the sixth (6th) and seventh (7th) Contract Years, 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 Contract Year concerned, the Contractor shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: 6 Permit re-evaluation Xxx Xxx 7 Preparation for relinquishment Nil 1 well

Commitment in Third Period. In each of the sixth (6th) and seventh (7th) Contract Years, 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 Contract Year concerned, the Contractor shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: 6 Permit re-evaluation Xxx Xxx 7 Preparation for relinquishment Nil 1 well:

Commitment in Third Period. In each of the sixth (6th) and seventh (7th) Contract Years, 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 Contract Year concerned, the Contractor shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: 6 Permit re-evaluation Xxx Xxx [•] [•] [•] 7 Preparation for relinquishment Nil 1 well[•] [•] [•]

Commitment in Third Period. In each of the sixth (6th) and seventh (7th) Contract Years, 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 Contract Year concerned, the Contractor shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: 6 Permit re-evaluation Xxx Xxx 7 Preparation for relinquishment Nil 1 well[•] [•] [•] [•] [•] [•]

Commitment in Third Period. In each of the sixth (6th) and seventh (7th) Contract Years, 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 Contract Year concerned, the Contractor shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: 6 Permit re-evaluation Xxx Xxx . 7 Preparation for relinquishment Nil 1 well[•] [•] [•]

Commitment in Third Period. In each of the sixth (6th) and seventh (7th) Contract Years, 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 Contract Year concerned, the Contractor Contractors shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: . 6 Permit re-evaluation Xxx Xxx 7 Preparation for relinquishment Nil 1 wellTechnical studies X/X X/X 0 X/X X/X 1

Commitment in Third Period. In each of the sixth (6th) Contract Years 6 and seventh (7th) Contract Years7 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 Contract Year concerned, the Contractor shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that these Contract Year: 6 Permit re-evaluation Xxx Xxx 7 Preparation for relinquishment Nil 1 wellYears:

Commitment in Third Period. In each of the sixth (6th) and seventh (7th) Contract Years, 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 Contract Year concerned, the Contractor Contractors shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: 6 Permit re-evaluation Xxx Xxx . 7 Preparation for relinquishment Nil 1 well[•] [•] [•]