DISCOVERY OF PETROLEUM Sample Clauses

DISCOVERY OF PETROLEUM. 22.1 Within 60 days after establishment of a Discovery Well, the Committee shall decide whether such Discovery Well requires the carrying out of Appraisal Operations.
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DISCOVERY OF PETROLEUM. Appraisal Programme (1) The Company shall provide a written report to the Minister within twenty-four (24) hours in respect of any of the following matters: (a) where a well shows the presence of Petroleum, or the wire-line log or logs indicate the presence of Petroleum; (b) when a drill-stem test has been carried out on a well from which Petroleum flows; or, (c) any other circumstance which could reasonably be inferred by the Company to constitute the presence of Petroleum. (2) Following the making of a report pursuant to sub-clause 8(1), the Company shall submit a detailed report to the Minister within sixty (60) days. The report shall contain a statement indicating whether or not in the opinion of the Company the presence of Petroleum is of potential commercial interest and the detailed reasons for such determination. (3) Where appropriate, the report prepared under sub-section 8(2) shall also contain: (a) all the relevant geological information including the log evaluation; (b) basic reservoir data, including drill-stem tests data; (c) the Company's estimate as to the potential of the reservoir; and, (d) chemical and physical analyses. (4) This Clause shall apply mutatis mutandis to the discovery of quantities of Natural Gas, irrespective of whether such discovery is Associated Natural Gas or Non-associated Natural Gas. (5) Where the Company is of the opinion that the presence of Petroleum is of potential commercial interest, it shall submit within ninety (90) days of the discovery an Appraisal Programme and the estimated corresponding budget for the approval of the Minister, including drilling of Appraisal Xxxxx, or a reasonable explanation for any delay in submission of such programme without exceeding twelve (12) months. (6) The Company shall diligently carry out the approved Appraisal Programme. The Company shall, within six (6) months after the end of the carrying out of the Appraisal Programme or such longer period as the Minister may allow, submit a full report of the results of the Appraisal Programme, including an evaluation study of the discovery concluding if the Company considers it as a Commercial Discovery. The Minister may require the Company to supply such further information with respect to the report as the Minister considers appropriate. (7) Within three (3) months of the submission of the report referred to in sub-clause 8(6), or such longer period as the Minister may allow, the Company shall meet with and discuss the report with th...
Sample 1
DISCOVERY OF PETROLEUM. The contract operator shall notify the Joint Authority in writing within twenty four (24) hours whenever any petroleum is discovered and on request by the Joint Authority shall provide details in writing of the: chemical composition and physical properties of the petroleum; and the nature of the sub-soil in which the petroleum occurs. The contract operator shall provide the Joint Authority with any other information concerning the discovery on request by the Joint Authority. The contract operator shall also do such things as the Joint Authority requests to determine the chemical composition and physical properties of any petroleum discovered, and to determine the geographical extent of any petroleum pool and the quantity of petroleum in that pool.
Sample 1
DISCOVERY OF PETROLEUM. (1) The Company shall report to the Minister within twenty-four (24) hours in respect of any of the following circumstances: (a) where a well shows the presence of hydrocarbons, or the wireline log or logs indicate the presence of hydrocarbons; or (b) when a drill-stem test has been carried out on a well from which petroleum flows. (2) Following the report pursuant to subclause (1), the Company shall submit a detailed report within forty-five (45) days thereafter to the Minister. The report shall contain a statement indicating whether or not in the opinion of the Company the presence of hydrocarbons is of potential commercial interest. Where appropriate, this report shall also contain: (a) all the relevant geological information including the log evaluation; (b) basic reservoir data, including drill-stem tests data; (c) the Company's estimate as to the potential of the reservoir; and (d) chemical and physical analyses. (3) (a) Where the Company states in the report referred to in subclause (2) that the presence of hydrocarbons is not of potential commercial interest, the Minister may, by notice served on the Company, direct that the discovery area comprising the geological structure be relinquished.
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DISCOVERY OF PETROLEUM. Procedures leading to Submission of Development Plan.
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Related to DISCOVERY OF PETROLEUM

  • Delivery of Documentation The Borrower undertakes: (a) to deliver; or (b) the delivery, to Mogo Auto by the Seller, of the documents set out in clause 10 of the Special Provisions of the Agreement and consents to their custody by Mogo Auto.

  • Review of Personnel File Upon written authority from an employee, OC shall permit the President of the Union or their designate to review that employee's personnel file in the office in which the file is normally kept in order to facilitate the proper investigation of a grievance.

  • Delivery of Documents Adviser has furnished, or will furnish, to Sub-Adviser copies properly certified or authenticated of each of the following prior to the commencement of the Sub-Adviser’s services: a) the Trust’s Agreement and Declaration of Trust, as filed with the Secretary of State of The Commonwealth of Massachusetts on September 7, 2011 and all amendments thereto or restatements thereof (such Declaration, as presently in effect and as it shall from time to time be amended or restated, is herein called the “Declaration of Trust”); b) the Trust’s By-Laws and amendments thereto (together with the Declaration of Trust, the “Trust Documents”); c) resolutions of the Board of Trustees authorizing the appointment of Sub-Adviser and approving this Agreement; d) the Trust’s Notification of Registration on Form N-8A under the 1940 Act as filed with the Securities and Exchange Commission (the “SEC”); e) the Trust’s Registration Statement on Form N-1A under the Securities Act of 1933, as amended (“1933 Act”) and under the 1940 Act as filed with the SEC and all amendments thereto insofar as such Registration Statement and such amendments relate to the Funds; and f) the Trust’s most recent prospectus and Statement of Additional Information for the Funds (collectively called the “Prospectus”). During the term of this Agreement, the Adviser agrees to furnish the Sub-Adviser at its principal office all proxy statements, reports to shareholders, sales literature or other materials prepared for distribution to shareholders of each Fund, and Prospectus of each Fund, prior to the use thereof, and the Adviser shall not use any such materials if the Sub-Adviser reasonably objects in writing within five business days (or such other period as may be mutually agreed) after receipt thereof. The Sub-Adviser’s right to object to such materials is limited to the portions of such materials that expressly relate to the Sub-Adviser, its services and its clients. The Adviser agrees to use its reasonable best efforts to ensure that materials prepared by its employees or agents or its affiliates that refer to the Sub-Adviser or its clients in any way are consistent with those materials previously approved by the Sub-Adviser as referenced in the first sentence of this paragraph. The materials referenced in the first sentence of this paragraph will be furnished to the Sub-Adviser by e-mail, first class or overnight mail, facsimile transmission equipment or hand delivery.

  • Delivery of Materials In the event of any expiration or termination of this Agreement, Contractor shall promptly provide the JBE with all originals and copies of the Deliverables, including any partially-completed Deliverables-related work product or materials, and any JBE-provided materials in its possession, custody, or control. In the event of any termination of this Agreement, the JBE shall not be liable to Contractor for compensation or damages incurred as a result of such termination; provided that if the JBE’s termination is not for cause, the JBE shall pay any fees due under this Agreement for Services performed or Deliverables completed and accepted as of the date of the JBE’s termination Notice.

  • Laboratory a. Drug tests shall be conducted by laboratories licensed and approved by SAMSHA which comply with the American Occupational Medical Association (AOMA) ethical standards. Upon advance notice, the parties retain the right to inspect the laboratory to determine conformity with the standards described in this policy. The laboratory will only test for drugs identified in this policy. The City shall bear the cost of all required testing unless otherwise specified herein. b. Tests for all controlled substances, except alcohol, shall be by oral fluid testing and shall consist of two procedures, a screen test and, if that is positive, a confirmation test. c. To be considered positive for reporting by the laboratory to the City, both samples must be tested separately in separate batches and must also show positive results on the confirmatory test. d. In the event of a positive test, the testing laboratory will perform an automatic confirmation test on the original specimen at no cost to the Covered Employee. In addition, the testing laboratory shall preserve a sufficient specimen to permit an independent re-testing at the Covered Employee’s request and expense. The same, or any other, approved laboratory may conduct re-tests. The laboratory shall endeavor to notify the designated MRO of positive drug, alcohol, or adulterant tests results within five (5) working days after receipt of the specimen.

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