DEVELOPMENT PLAN AND DEVELOPMENT WORK PROGRAMME Sample Clauses

DEVELOPMENT PLAN AND DEVELOPMENT WORK PROGRAMME. (1) The Contractor shall prepare, in consultation with the Minister, the Development Plan based on sound engineering and economic principles and in accordance with good international petroleum industry practice and considering the Maximum Efficient Rate of production appropriate to the Commercial Discovery.
Sample 1Sample 2Sample 3See All (12)
AutoNDA by SimpleDocs

Related to DEVELOPMENT PLAN AND DEVELOPMENT WORK PROGRAMME

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Research and Development (i) Advice and assistance in relation to research and development of Party B;

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!