Exploration Plans Sample Clauses
The 'Exploration Plans' clause outlines the requirements and procedures for developing and submitting plans related to exploration activities under an agreement. Typically, this clause specifies the content, timing, and approval process for such plans, detailing what information must be included—such as proposed work programs, budgets, and timelines—and how and when they must be presented to relevant parties or authorities. Its core practical function is to ensure that all exploration activities are clearly planned, communicated, and authorized in advance, thereby reducing misunderstandings and managing expectations between the parties involved.
Exploration Plans. Apache Alaska Corporation purchased deep rights under the Nicolai Creek Unit (onshore) from Aurora Gas, LLC, to evaluate and possibly drill exploration well(s) for the deeper oil and gas prospects in the Nicolai Creek Unit, with ▇▇▇▇▇▇ retaining certain rights and interests. New 3-D seismic was acquired over the Unit acreage during the Thirty-Eighth Plan Period, in early 2012, by Apache. However, ▇▇▇▇▇▇ has withdrawn from active pursuit ofexploration in Alaska. Nonetheless, Aurora Exploration is interested in purchasing this new seismic and expects to negotiate the purchase ofa license from Apache in the Forty-Fourth Plan period, with plans to interpret and evaluate this new seismic, and other geologic data, to determine possible exploration, development, and extension drilling targets at all depths. However, no drilling of exploration ▇▇▇▇▇ is expected during the Forty-fourth Plan Period, but this Plan will be revised if that changes. H. OWNERSHIP/ OPERATORSHIP CHANGES EXPECTED DURING THE FORTY-THIRD PLAN OF DEVELOPMENT AND OPERATIONS: No additional changes ofownership ofthe Unit per se are expected during the Forty-fourth Plan ofDevelopment period. However, Aurora Exploration, LLC is currently in discussions with several entities that could result in a sale of partial working interest in NCU.
Exploration Plans. 7.2.1. At least thirty (30) calendar days prior to the date of commencement of the First Phase (Phase I), or ten (10) Business Days with respect to that corresponding to the Second (Phase II), the Contractor must submit to the ▇▇▇ the Exploration Plan for the Phase to be commenced, in which it must describe how it intends to fulfill the obligations arising therefrom.
7.2.2. The Exploration Plans must be subject to the legal framework, in particular, to the technical regulations contained in Resolutions 181495 of 2009, modified by Resolutions 40048 of 2015, and 180742 of 2012, modified by Resolutions 90341 of 2014, and 4 1251 of 2016, all from the Ministry of Mines and Energy, or to the norms that replace, add to or modify them, and must be consistent with the Best Practices from the Oil Industry.
Exploration Plans. Apache Alaska Corporation purchased deep rights under the Nicolai Creek Unit (onshore) from Aurora Gas, LLC, to evaluate and possibly drill exploration well(s) for the deeper oil and gas prospects in the Nicolai Creek Unit, with ▇▇▇▇▇▇ retaining certain rights and interests. New 3-D seismic was acquired over the Unit acreage during the Thirty-Eighth Plan Period, in early 2012, by Apache. However, Apache has withdrawn from active pursuit of exploration in Alaska. Nonetheless, Aurora Exploration is interested in acquiring and/or accessing this new seismic with plans to interpret and evaluate; and along with other geologic data, determine possible exploration, development, and extension drilling targets at all depths. However, no drilling of exploration ▇▇▇▇▇ is expected during the Forty-fourth Plan Period, but this Plan will be revised if that changes.
Exploration Plans. Apache Alaska Corporation purchased deep rights under the Nicolai Creek Unit (onshore) from Aurora Gas, LLC, to evaluate and possibly drill exploration well(s) for the deeper oil and gas prospects in the Nicolai Creek Unit, with ▇▇▇▇▇▇ retaining ce1tain rights and interests. New 3-D seismic was acquired over the Unit acreage during the Thirty-Eighth Plan Period, in early 2012, by Apache. However, Apache has withdrawn from active pursuit of exploration in Alaska. Nonetheless, Amaroq Resources is interested in acq uiring and/or accessing this new seismic with plans to interpret and evaluate; and along with other geologic data, determine possible exploration, development, and extension drilling targets at all depths. However, no drilling of exploration ▇▇▇▇▇ is expected during the Forty-fifth Plan Period, but this Plan will be revised if that changes. H. OWNERSHIP/ OPERATORSHIP CHANGES EXPECTED DURING THE FORTY-FIFTH PLAN OF DEVELOPMENT AND OPERATIONS: No additional changes of ownership of the Unit are expected during the Forty-fifth Plan of Development period.
Exploration Plans