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.
Appears in 8 contracts
Samples: Deep Water Production Sharing Contract, Production Sharing Contract, Production Sharing Contract
