Common use of Exploration Costs Clause in Contracts

Exploration Costs. Exploration Costs are those costs, whether of a capital or operating nature, which directly relate to Exploration and are incurred in respect of activities carried out substantially in accordance with an approved Exploration Work Programme and Budget, but without prejudice to sub-Article 4.7 of this Agreement, including costs of: (a) drilling xxxxx (and related abandonment and site remediation thereof); (b) surveys, including labour, materials and services (including desk studies and analysis of survey data) used in aerial, geological, geochemical, geophysical and seismic surveys, and core hole drilling; (c) auxiliary or temporary facilities; (d) workshops, power and water facilities, warehouses, site offices, access and communication facilities; (e) floating craft, automotive equipment, furniture and office equipment; and (f) if approved by the Designated Authority, employee and welfare housing, recreational, educational, health and meals facilities, and other similar costs necessary for Exploration.

Exploration Costs. Exploration Costs are those costs, whether of a capital or operating nature, which directly relate to Exploration and are incurred in respect of activities carried out substantially in accordance with an approved Exploration Work Programme and Budget, but without prejudice to sub-Article Section 4.7 of this the Agreement, including costs of: (a) drilling xxxxx (and related abandonment and site remediation thereof); (b) surveys, including labour, materials and services (including desk studies and analysis of survey data) used in aerial, geological, geochemical, geophysical and seismic surveys, and core hole drilling; (c) auxiliary or temporary facilities; (d) workshops, power and water facilities, warehouses, site offices, access and communication facilities; (e) floating craft, automotive equipment, furniture and office equipment; and (f) if approved by the Designated AuthorityMinistry, employee and welfare housing, recreational, educational, health and meals facilities, and other similar costs necessary for Exploration.