Exploration. (a) The Contractor shall submit, for the approval of the Designated Authority, an Exploration Work Programme and Budget for each Calendar Year.
(b) From time to time, the Contractor may submit, for the approval of the Designated Authority, amendments to the Exploration Work Programme and Budget.
(c) The Contractor is not obliged to carry out more Exploration in a Contract Year than is required by sub-Articles 4.1, 4.2 and 4.3.
Exploration. Exploration" means the processes, properties, activities and facilities used for the discovery of deposits of gas and the study and implementation of enhanced gas recovery methods.
Exploration. The planning, execution and evaluation of all geological, geophysical, geochemical and other studies, as well as the drilling of Exploratory Xxxxx and related activities necessary to discover Hydrocarbons, including the drilling of Appraisal Xxxxx for evaluating the discovered Reservoirs..
Exploration. Any activities, including physically invasive activities, seismic monitoring, mapping, conducting base line or foundation studies, site engineering, surveys or survey updates, appraisals, environmental assessments or other testing, or other surface-related geophysical work, directed toward ascertaining the existence, location, quantity, quality or commercial value of mineral deposits, including drilling required after discovery of potentially commercial mineralization, all in accordance with Mining Industry Best Practices, but excluding Mining Operations.
Exploration study of the soil and setting up of drilling equipment; · planning of seismic acquisition; · seismic processing and interpretation; · geophysical analyses; · geological and geochemical studies; · rock and fluid studies; · thermodynamic analyses; · interpretation of diagraphics; · reservoir analysis and studies; · health, safety and environmental technical audits; · ocean current measurements; · environmental studies.
Exploration. Contractor shall submit to the Operations Committee for its review and advisement in accordance with Sub-articles 7.7 and 7.8, a Work Program and a Budget for the subsequent Calendar Year at least ninety (90) Days before the commencement of each Calendar Year. Submission of the Work Program(s) and Budget(s) shall not be considered a decision by Contractor to enter the subsequent phases of the Exploration Period in accordance with Sub-article 5.2. During the Exploration Period, the Work Program(s) submitted by Contractor for each Calendar Year shall be accompanied by an indicative schedule for operations for the remainder of the then current phase of the Minimum Work Obligations accordance with Article 5.
Exploration. Lessee will take all steps a reasonably prudent mining operator would necessarily take to explore the Leased Premises for the Materials.
Exploration. The exclusive right to conduct within the leased area geological and geophysical exploration for Geothermal Resources;
Exploration. 4.1 The Contractor shall commence exploration in accordance with the time schedule stipulated in the programme of activities set out in schedule 2 hereto and shall adhere to such time periods or any modification thereto as provided for by this contract.
4.2 The Contractor shall carry out the programme of activities set out in schedule 2 hereto. In carrying out such activities the Contractor shall spend in each contract year not less than the amount specified in such programme, or any agreed review thereof, in actual and direct exploration expenditures.
4.3 The Contractor, with the consent of the Authority, which consent shall not be unreasonably withheld, may from time to time make such changes in the programme of activities and the expenditures specified therein as may be necessary and prudent in accordance with good mining industry practice, and taking into account the market conditions for the metals contained in polymetallic sulphides and other relevant global economic conditions.
4.4 Not later than 90 days prior to the expiration of each five-year period from the date on which this contract enters into force in accordance with section 3 hereof, the Contractor and the Secretary-General shall jointly undertake a review of the implementation of the plan of work for exploration under this contract. The Secretary-General may require the Contractor to submit such additional data and information as may be necessary for the purposes of the review. In the light of the review, the Contractor shall make such adjustments to its plan of work as are necessary and shall indicate its programme of activities for the following five-year period, including a revised schedule of anticipated yearly expenditures. Schedule 2 hereto shall be adjusted accordingly.
Exploration. 4.1 Le Contractant entreprend l’exploration conformément au calendrier arrêté dans le programme d’activités figurant à l’annexe 2 du présent contrat et respecte ce calendrier ou toute modification y afférente comme il est prévu par le présent contrat.
4.2 Le Contractant exécute le programme d’activités figurant à l’annexe 2 du présent contrat. Xx xxxxxxx, pour chaque année du contrat, il consacre aux dépenses effectives et directes d’exploration un montant au moins équivalant à celui qui est prévu dans le programme considéré ou dans toute modification y afférente.
4.3 Le Contractant peut, avec le consentement de l’Autorité, que celle-ci ne peut refuser sans motif raisonnable, apporter de temps à autre au programme d’activités et aux dépenses qui y sont prévues les modifications pouvant être nécessaires et prudentes selon la bonne pratique de l’industrie minière et compte tenu de la situation sur le marché des métaux que renferment les nodules polymétalliques et de la situation économique générale.
4.4 Le Contractant et le Secrétaire général procèdent conjointement à l’examen des résultats des activités d’exploration xxxxxx en vertu du présent contrat, au plus tard 90 jours avant l’expiration de chaque période de cinq ans à compter de la date d’entrée en vigueur prévue à l’article 3. Le Secrétaire général peut exiger du Contractant qu’il lui communique les données et informations supplémentaires pouvant être nécessaires pour cet examen. À l’issue de cet examen, le Contractant apporte à son plan de travail les ajustements nécessaires, indique son programme d’activités pour la période de cinq ans suivante, y compris un calendrier révisé des dépenses annuelles qu’il prévoit. L’annexe 2 est modifiée en conséquence.
