Conduct of Petroleum Operations. The Contractor shall diligently conduct Petroleum Operations in accordance with this Contract, the Hydrocarbons Law and generally accepted practice of the international petroleum industry.
Conduct of Petroleum Operations. 1. With due observance of legal and contractual provisions and subject to the decisions of the Operating Committee, Contractor Group, through the Operator, shall act in the common interest of the Parties and shall undertake the execution of the work inherent in Petroleum Operations in accordance with professional rules and standards which are generally accepted in the international petroleum industry.
2. Contractor Group, through the Operator, shall carry out the work inherent in Petroleum Operations in an efficient, diligent and conscientious manner and shall execute the Work Plans and Budgets under the best economic and technical conditions and in accordance with professional rules and standards which are generally accepted in the international petroleum industry.
3. In performing the Petroleum Operations, the Contractor Group, through the Operator, shall use the most appropriate technology and management experience, including its own technology, such as patents, “know-how” and other secret technology, insofar as this is permitted by applicable laws and agreements.
4. Contractor Group, through the Operator, and its subcontractors shall:
(a) contract local contractors, as long as their services are similar in quality and availability to those available on the international market and the prices of their services, when subject to the same tax charges, are no more than ten percent (10%) higher compared to the prices charged by foreign contractors for identical services;
(b) acquire materials, equipment, machinery and consumable goods of national production, insofar as their quantity, quality and delivery dates are similar to those of such materials, equipment, machinery and consumable goods available on the international market. However, such obligation does not apply in those cases in which the local prices for such goods are more than ten percent (10%) higher compared to the prices for imported goods, before charging Customs Duties but after the respective costs for transportation and insurance have been included.
5. Contractor Group, through the Operator, shall seek competitive bids for any work to be performed pursuant to an Approved Work Plan and Budget if such work is budgeted to exceed two hundred and fifty thousand U.S. dollars (U.S.$ 250,000,000.00). When reviewing such bids, Contractor Group shall select out of the bids which are acceptable to Contractor Group for technical and other operational reasons, the bid with the lowest cost. This decision...
Conduct of Petroleum Operations. Contractor shall conduct Petroleum Operations hereunder in a continuous, diligent, and workmanlike manner, in accordance with applicable law and the Contract, and sound and current international Petroleum industry practices and environmental standards applicable from time to time in similar circumstances, all designed to achieve efficient and safe Exploration and Production of Petroleum and to maximize the ultimate economic recovery of Petroleum from the Contract Area. In this regard, Contractor shall ensure that all materials, equipment, technologies and facilities used in Petroleum Operations comply with sound and current engineering and environmental standards accepted in the international petroleum industry, and are kept in good working order.
Conduct of Petroleum Operations. 18.1. The Contractor shall conduct Petroleum Operations and shall take all steps necessary that they are conducted diligently and in accordance with the Applicable Law, this Agreement and Best International Industry Standards and Practices, in order to:
(a) protect the environment and potentially affected local communities based on sustainable development principles and ensure that Petroleum Operations result in minimal environmental damage or destruction or detrimental social impact;
(b) ensure the safety, health and welfare of any Persons engaged in or affected by Petroleum Operations;
(c) maintain in safe and good conditions and repair all Facilities, equipment and other property, and other works, used or to be used in Petroleum Operations;
(d) subject to the provisions of approved Abandonment and Plan and of the earlier of:
a) termination of this Agreement; or
b) when no longer required for Petroleum Operations; abandon and decommission facilities, equipment, property, and other works and clean up the Contract Area and make it good and safe, and protect and restore the environment;
(e) control the flow and prevent the waste or escape of Petroleum, water or any product used in or derived from the processing of Petroleum;
(f) prevent the escape of any mixture of water or drilling fluid with Petroleum;
(g) prevent damage to Petroleum-bearing strata within or outside the Contract Area;
(h) prevent water or any other fluids entering any Reservoir through Xxxxx, except when required by, and in accordance with, the Development Plan and Best International Industry Standards and Practices;
(i) minimise interference with pre-existing rights and activities, including the rights of potentially affected local communities and other lawful activities; and
(j) remedy in a timely manner any damage caused to the environment.
18.2. Notwithstanding any other provision of this Agreement, the Contractor is required to clean up pollution resulting from Petroleum Operations to the Minister’s and other relevant authorities’ satisfaction, supporting in full all the associated costs.
18.3. If the Minister has, on reasonable grounds, good reason to believe that any works or facilities erected by the Contractor or any Petroleum Operations conducted by the Contractor are endangering or may endanger persons or the property of any person, or are causing or may cause pollution, or are harming or may harm wildlife or the environment to a degree which the Government deems unacceptable, ...
Conduct of Petroleum Operations. The CONTRACTOR shall carry out all Petroleum Operations in accordance with the provisions of this Contract, prudent international petroleum industry practice and applicable Kurdistan Region Law. The CONTRACTOR shall be responsible for the conduct, management, control and administration of Petroleum Operations and shall be entitled to conduct Petroleum Operations in accordance with the provisions of this Contract. In conducting its Petroleum Operations, the CONTRACTOR shall have the right to use any Affiliate of each CONTRACTOR Entity, its and their Subcontractors, and the employees, consultants, and agents of each of the foregoing. The CONTRACTOR and all such Persons shall at all times have free access to the Contract Area and any Production Areas for the purpose of carrying out Petroleum Operations.
Conduct of Petroleum Operations. The Contractor has the exclusive right to carry out Petroleum Operations inside of the Exploration Perimeter or any Exploitation Perimeter resulting therefrom, as long as the Petroleum Operations are in conformity with the terms and conditions of this Contract, of the Crude Hydrocarbons Code as well as with the provisions of the laws and regulations in force in Mauritania, and that they are executed according to good oilfield practice in the international petroleum industry.
Conduct of Petroleum Operations. 5.1 The Concessionaire shall carry out Petroleum Operations in the EPC Area:
(a) diligently and with due regard to Good Oil Field Practices;
(b) subject to all applicable law, specifically the Petroleum Law and the Regulations for Petroleum Operations;
(c) in accordance with environmental and safety standards generally accepted in the international petroleum industry and applicable from time to time in similar circumstances;
(d) in respect of any Development and Production Area in compliance with the Development Plan for that Development and Production Area.
5.2 Where the Concessionaire is more than one Person any obligation of the Concessionaire hereunder shall be a joint and several obligation of the Persons who constitute the Concessionaire, save for the following each of which shall be a several obligation of each of those Persons:
(a) the obligation to pay Corporate Income Tax or any other tax assessed and levied on profit or net income;
(b) the obligation to observe stipulations relating to confidentiality set out in Article 23 save in respect of their application to anything done or to be done by the Operator in his capacity as such; and
(c) the obligation to observe stipulations relating to foreign exchange set out or referred to in Article 26, save in respect of their application to anything done or to be done by the Operator in his capacity as such.
5.3 shall be the Operator. No change of the Operator may take effect unless it has been approved in writing by MIREM.
5.4 Throughout the period of this EPC the Concessionaire or where more than one Person constitutes the Concessionaire, the Operator shall ensure that it has a general manager or another appointed representative who shall reside in the Republic of Mozambique or such other country as may be mutually agreed by all Parties. The Concessionaire or, as the case may be, the Operator shall appoint the general manager or other representative and shall notify MIREM of the identity of the individual so appointed within one hundred and twenty
Conduct of Petroleum Operations. Any obligation pursuant to this EPCC shall be a joint and several obligation of all of the Concessionaires, save for those obligations which under applicable law or this EPCC is a several obligation. [ABC…]shall be the Operator. No change of the Operator may take effect unless it has been approved by MIREME. A Concessionaire shall no less than thirty (30) days counting from the Effective Date of this EPCC have and maintain an organized structure that is appropriately staffed and with powers to manage the Petroleum Operations and other aspects pursuant to applicable law and related to this EPCC. In fulfillment of the Regulation of Hiring Citizens of Foreign Nationality for Oil-Mining Sectors, approved by Decree n.º 63/2011 of 7 December, the Concessionaire or any other Affiliated Company of such Concessionaire or any Subcontractor, is authorized to keep applicable law and fill a global and combined quota for foreign national workers distributed as follows: Each Concessionaire has the right related to hire five (5) foreign national workers, and In the Exploration phase, the number of additional foreign national workers to be hired can be up to 50% of the total number of workers hired by the Concessionaire, Affiliated Companies and Subcontractors authorized to do business in Mozambique; During the period of Development, for the implementation of the Plan of Development, the number of additional foreign national workers be hired can be up to 33% of the total number of workers hired by the Concessionaire, Affiliated Companies and Subcontractors authorized to do business in Mozambique; In case the number of foreign national workers is expected to exceed the proportion of foreign national workers authorized in i) or ii), any additional hiring is subject to the prior authorisation of the Minister responsible for labour. Quotas applicable for the period in which a Plan of Development is being implemented or for the Production period shall be stipulated in that Plan of Development recognising that the referred number of foreign national workers will be progressively reduced, as stipulated, as soon as a Development activity has been implemented and the Mozambican workers have been trained for technical and services specialized positions.
Conduct of Petroleum Operations. Local Content and Natural Gas Use 23 Article 8 Recoverable Costs 26
Conduct of Petroleum Operations. Until NOC opts for the formation of a JOC, pursuant to Article 9, Contractor's Operator shall conduct Petroleum Operations under the general supervision and control of a JMC formed pursuant to Article 13. In the event that permission is granted to third parties to operate within the Contract Area such as for operations that are not related to Petroleum Operations, operations involving reservoir(s) that are excluded under Article 2.2 or that have been relinquished pursuant to Article 5, or sole-risk operations under Article 12.6, NOC shall take necessary measures to ensure that such operations within the Contract Area shall not obstruct, hinder, or unduly interfere with Petroleum Operations. NOC shall indemnify and hold Contractor harmless of any damage, cost, or delay caused by or resulting from any such third party operations.
