Contract Awards. Subject to the Contract, Operator shall award each contract for Joint Operations on the following basis (the amounts stated are in thousands of U.S. dollars): Procedure A Procedure B Procedure C Exploration and Appraisal Operations 0 to $100,000US $100,001US to $1,000,000US >$1,000,001US Development Operations 0 to $500,000US $500,001US to $5,000,000US >$5,000,001US Production Operations 0 to $1,000,000US $1,000,001US to $2,500,000US >$2,500,001US Procedure A
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Hyperdynamics Corp), Operating Agreement (Hyperdynamics Corp)
Contract Awards. Subject to the Contract, Operator shall award each contract for Joint Operations under any approved Work Program and Budget on the following basis (the amounts stated are in thousands of U.S. dollars): Procedure A Procedure B Procedure C Exploration and Appraisal Operations $0 to $100,000US 250,000 $100,001US 250,001 to $1,000,000US >2,499,999 $1,000,001US 2,500,000+ Development Operations $0 to $500,000US 250,000 $500,001US 250,001 to $5,000,000US >2,499,999 $5,000,001US 2,500,000+ Production Operations $0 to $1,000,000US 250,000 $1,000,001US 250,001 to $2,500,000US >2,499,999 $2,500,001US Procedure A2,500,000+ Procedure
Appears in 2 contracts
Samples: Joint Operating Agreement, Operating Agreement (Kosmos Energy Ltd.)
