COMPLETION OR ABANDONMENT Clause Samples
The COMPLETION OR ABANDONMENT clause defines the conditions under which a project or contractual work is considered finished or may be discontinued before completion. It typically outlines the criteria for determining when the work is complete, such as meeting specified deliverables or passing inspections, and also specifies the process and consequences if the project is abandoned, whether due to mutual agreement, impossibility, or other reasons. This clause ensures both parties understand their rights and obligations at the end of the project or in the event of early termination, thereby reducing disputes and clarifying the resolution of outstanding issues.
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COMPLETION OR ABANDONMENT. After timely commencement, the Initial Well will be drilled to Contract Depth in a workmanlike manner and without cessation of operations until it is completed or temporarily abandoned as a well capable of producing oil and/or gas in paying quantities (as determined by the application of 30 CFR Section 250.116 or any successor regulation) or until Farmee plugs and abandons the well as a dry or lost hole, subject however to Farmor's right to take over said well as described in this Article II and in Article IX.
COMPLETION OR ABANDONMENT. Contractor agrees to perform all work necessary to drill, complete or abandon each well in the manner specified by operator.
COMPLETION OR ABANDONMENT. At Operator’s request, Contractor shall: (i) complete the Well in the manner and by methods specified by Operator, or (ii) cease operations and plug or abandon the Well, at any depth, in the manner Operator directs.
COMPLETION OR ABANDONMENT. If Operator directs a well to be completed as a producing well, Contractor shall work with Operator's other contractors to complete said well in the manner and using methods specified by and under the direction of Operator. Operator may at any time elect to plug or abandon said well at any depth. Contractor, upon notice from Operator of such election, shall cease drilling operations and shall proceed to abandon or plug the well in the manner specified by and under the direction of Operator.