Contract Years. The Contractor shall have right to renewal of the Exploration Authorization two times, for a period of Three (3) Contract Years each time, if he has fulfilled for the preceding exploration phase the work obligations stipulated in Article 4 here below and provided that he furnishes the bank guarantee for the renewal period pursuant to Article 4.6 here below.
Appears in 6 contracts
Samples: Exploration and Production Contract, Exploration and Production Contract, Exploration and Production Contract
Contract Years. The Contractor shall have right to renewal of the Exploration Authorization two times, for a period of Three three (3) Contract Years each time, if he has fulfilled for the preceding exploration phase the work obligations stipulated in Article 4 here below and provided that he furnishes the bank guarantee for the renewal period pursuant to Article 4.6 here below.Article
Appears in 1 contract
Samples: Exploration and Production Contract
Contract Years. The Contractor shall have right to renewal of the Exploration Authorization two times, for a period of Three three (3) Contract Years each time, if he has fulfilled for the preceding exploration phase the work obligations stipulated in Article 4 here below and provided that he furnishes the bank guarantee for the renewal period pursuant to Article 4.6 here below.
Appears in 1 contract
Samples: Exploration and Production Contract (Kosmos Energy Ltd.)