Exploration Programme Sample Clauses
The Exploration Programme clause defines the scope and requirements for conducting exploration activities under an agreement. It typically outlines the types of work to be performed, such as geological surveys, drilling, or sampling, and may specify timelines, reporting obligations, and approval processes for proposed exploration plans. This clause ensures that both parties have a clear understanding of the exploration activities to be undertaken, helping to manage expectations, allocate responsibilities, and reduce the risk of disputes over the conduct or extent of exploration work.
Exploration Programme.
(a) Subject to the provisions of this Article in discharge of its obligation to carry out Exploration Operations in the Contract Area the Contractor shall during the several periods into which Exploration Operations are divided hereunder carry out the work described and spend not less than the sums specified in sub- article (b) of this Article.
Exploration Programme. (a) Subject to the provisions of the Act and thisArticle, in discharging of its obligation to carry out Exploration Operations in the Contract Area, the Contractor shall, during the periods into which Exploration Operations are divided hereunder, carry out the minimum work described and spend not less than the total minimum expenditure, if any, specified in subarticle (b) of this Article. The fulfillment of any work obligation shall relieve Contractor of the corresponding minimum expenditure obligation, but the fulfillment of any minimum expenditure obligation shall not relieve Contractor of the corresponding work obligation.
Exploration Programme. During the Exploration Phases, the Contractor shall prepare an Exploration Programme for each phase from the Effective Date of the Contract, a programme which shall contain the following information:
Exploration Programme. Subject to the provisions of this Agreement, in discharge of its obligations to carry out prospecting operations in the contract area, the Contractor shall carry out the minimum work described herein, during the periods into which prospecting operations are divided hereunder - After the preparation period of six (6) months from the effective date, the initial period of four (4) years shall commence. The initial period shall be divided into two (2) phases, each phase consisting of two (2) years duration.
(i) Phase One - (2 years)
Exploration Programme. Subject to the provisions of this Agreement, in discharge of its obligations to carry out prospecting operations in the contract area, the Contractor shall carry out the minimum work described herein, during the periods into which prospecting operations are divided hereunder -
(i) Phase One - (2 years)
Exploration Programme. (a) Subject to the provisions of this Article in discharge of its obligation to carry out Exploration Operations in the Contract Area the Contractor shall during the several periods into which Exploration Operations are divided hereunder carry out the work described and spend not less than the sums specified in sub-article (b).
(b) Initial Exploration Period Commencing on the day on which the Exploration License is granted to XXX Corporation pursuant to Article 3 and terminating on the fourth anniversary of that date: Description of Work: Undertake geological and Geophysical surveys and related activities as deemed necessary by the Contractor; shoot [XX] kms of seismic; and Drill of [XX] Exploration ▇▇▇▇▇. Minimum Expenditure for this period : US $ 000.000 million. First Extension Period Commencing on the day on which a first extension of the license granted is issued to XXX Corporation pursuant to Article 3 takes effect and terminating on the fourth anniversary of that date: Description of Work: Drill [XX] Exploration ▇▇▇▇▇; and undertake any additional geological and geophysical surveys and related activities as deemed necessary by the Contractor. Minimum Expenditure for this period : US $ 000.000 million. Second Extension Period Commencing on the day on which a second extension of the license granted to XXX Corporation pursuant to Article 3 takes effect and terminating on the third anniversary of that dated: Description of Work : Drill XX Exploration ▇▇▇▇▇; and undertake any additional geological and geophysical surveys and related activities as deemed necessary by the Contractor. Minimum Expenditure For this period : US $ 000.000 million. No exploration Well drilled by the Contractor shall be treated as discharging any obligation of the Contractor to drill Exploration ▇▇▇▇▇ hereunder unless it has been drilled to the depth or stratigraphic level agreed with the Minister, or before reaching such depth or stratigraphic level:
(i) the economic basement is encountered or
(ii) insurmountable technical problems are encountered which, in accordance with good oilfield practice, makes further drilling unsafe or impractical; provided that if the said well is abandoned owing to the said problems before reaching the economic basement, the Contractor shall drill a substitute Exploration Well in the Contract Area to the same minimum depth as aforesaid unless otherwise agreed with the Minister. For the purpose of this sub-article "economic basement" means any stratum...
Exploration Programme. 7.7.1 Test Production and pilot commercial development during the Exploration Period shall be carried out on the basis of the plan of the performance of Exploration (Exploration Programme). The Exploration Programme shall be prepared in accordance with the Legislation and Good Practice of Field Exploration and Development.
7.7.2 Upon approval of the Exploration Programme and obtaining of the Nature Use Permit, the Contractor shall implement the Exploration Period [sic.]. The Contractor shall be obliged to finance and carry out only such Exploration work that was approved by the Exploration Programme.
7.7.3 Within the Exploration Programme the Contractor shall prepare, agree and have the Test Production Programme approved by the Central Commission For Development of Oil and Gas Fields ("CCD") of the Ministry of Energy and Mineral Resources of the Republic.
7.7.4 When necessary, the Contractor may apply to the Competent Authority for assistance in amending the Exploration Programme. All amendments to the Exploration Programme shall be made in accordance with the procedure provided by the Legislation.
Exploration Programme