Exploration Work Obligations Clause Samples
Exploration Work Obligations. 4.2.1 The Contractor shall, during each Exploration Phase, carry out the Exploration Work Obligations set out in Annex D.
4.2.2 Each of the Exploration ▇▇▇▇▇ provided in the Exploration Work Obligations shall be drilled to the minimum contractual depth specified in Annex D, or to a lesser depth if the continuation of drilling performed in accordance with Good International Petroleum Industry Practice is prevented for any of the following reasons:
(i) basement is encountered at a lesser depth than the minimum contractual depth;
(ii) continuation of drilling presents an obvious danger due to the existence of abnormal formation pressure;
(iii) rock formations are encountered the hardness of which prevents, in practice, the continuation of drilling by the use of appropriate equipment; or
(iv) Hydrocarbons formations are encountered the crossing of which requires, for their protection, the laying of casings preventing the minimum contractual depth from being reached.
4.2.3 In any of the above cases, the Contractor shall obtain prior approval of the Minister, prior to discontinuing drilling, which approval shall not be unreasonably withheld, and by this approval, the well shall be deemed to have been drilled to the above mentioned minimum contractual depth. The preceding sentence shall be without prejudice to the right of the Contractor to suspend drilling, having obtained the prior approval of the Minister, if such suspension is required under Good International Petroleum Industry Practice.
4.2.4 If the number of Exploration ▇▇▇▇▇ drilled by the Contractor during the Initial Licensing Period or the First Renewal Period exceeds the number of ▇▇▇▇▇ provided for in the Exploration Work Obligation for the Exploration Phase in question, as specified in Annex D, the number of additional Exploration ▇▇▇▇▇ drilled during such Exploration Phase may be carried forward and treated as a credit towards the Exploration ▇▇▇▇▇ contained in the Exploration Work Obligation for the following Exploration Phase.
4.2.5 For purposes of Article 4.2.4, Appraisal ▇▇▇▇▇ drilled under an Appraisal Work Programme with respect to a Discovery shall not be considered as Exploration ▇▇▇▇▇, and, in the event of a Hydrocarbons Discovery, only the Discovery Well shall be deemed to be an Exploration Well.
4.2.6 Upon the Effective Date, the Contractor shall provide to the Minister an irrevocable bank guarantee payable to the Permanent Secretary, Ministry of Energy, Commerce, Industry and Tourism, g...
Exploration Work Obligations. The definitions contained in Article 1 of the Contract shall apply to this Annex D and shall have the same meaning when used in this Annex D unless otherwise specified herein. In the event of any inconsistency or conflict between the provisions of this Annex D and the provisions of the Contract, then the provisions of the Contract shall prevail.
Exploration Work Obligations. 5.2.1 The Contractor shall, during the Exploration Period and subject to the provisions of Annex D, carry out the Exploration Work Obligations. The licensees will conduct a preliminary Environmental Impact Assessment study prior to the initiation of any exploration work and a full Environmental Impact Assessment study prior to the initiation of any exploitation work, both of which will comply with the provisions of the Strategic Environmental Assessment (SEA) of the hydrocarbon licensing programme within the EEZ of the Republic of Illyria and with the relevant opinion of the Environmental Authority, as well as with the relevant provisions of the Directive 85/337/EEC.
5.2.2 If in an Exploration Phase the Contractor drills a number of ▇▇▇▇▇ greater than the minimum drilling obligations specified for said phase in the Exploration Work Obligations, the excess exploration ▇▇▇▇▇ may be carried forward to a subsequent Exploration Phase and shall be deducted from the minimum drilling obligations specified for said Exploration Phase, provided that at least one Exploration Well shall be drilled during each Exploration Phase.
5.2.3 Appraisal ▇▇▇▇▇ drilled under an Appraisal Work Program with respect to a Discovery shall not be considered as Exploration ▇▇▇▇▇ and, in the event of a Hydrocarbons Discovery, only the Discovery Well shall be deemed to be an Exploration Well.
Exploration Work Obligations. 4.2.1 The Contractor shall, during each Exploration Phase, carry out the Exploration Work Obligations set out in Annex D.
4.2.2 Each of the Exploration ▇▇▇▇▇ provided in the Exploration Work Obligations shall be drilled to the minimum contractual depth specified in Annex D, or to a lesser depth if the continuation of drilling performed in accordance with Good International Petroleum Industry Practice is prevented for any of the following reasons:
(i) basement is encountered at a lesser depth than the minimum contractual depth;
(ii) continuation of drilling presents an obvious danger due to the existence of abnormal formation pressure;
(i i) rock formations are encountered the hardness of which prevents, in practice, the continuation of drilling by the use of appropriate equipment; or
Exploration Work Obligations. 7.1. The duration of the Permit is five years, renewable twice with a three year validity period for each renewal.
7.2. During the initial five year period, the work commitments for period are the following :
a) during the first 18 month sub-period, the Consortium should realize 1000 gravity stations or equivalent interpreted air-magnetic survey,geological and geophysical studies as well as general and administrative activities defined by the Operator ;
b) during the second 18 month sub-period, the Consortium should acquire and treat 1250 kilometers of 2D seismic ;
c) during the third 12 month sub-period, the Consortium should drill an exploration well to a sufficient depth in order to test the prospect, either to reach a depth of 3000 meters or the basement ;
d) during the fourth 12 month sub-period, the Consortium should drill two exploration wells to a sufficient depth i▇ ▇▇der to test two prospects, either to reach a depth of 3000 meters or the basement ; During the third and fourth sub-periods, 1250 kilometers of 2D seismic should be acquired in order to determine prospects to be drilled.
7.3. During the first three year renewal period, the Consortium agrees to do a seismic survey and drill three exploration wells to a sufficient depth in ord▇▇ ▇▇ test three distinct prospects, either to reach a depth of 3000 meters or the basement
7.4. During the second renewal period, the Consortium agrees to do a seismic survey and drill three exploration wells to a sufficient depth in ord▇▇ ▇▇ test three distinct prospects, either to reach a depth of 3000 meters or the basement
7.5. The tentative plans corresponding to the work commitments and amounts to be spent for the initial five year period are set out in Annex II of this Convention. The Consortium shall notify the State of any change which may become necessary to this plan. The obligation to drill a given well shall be considered satisfied when the well has reached its geological objective or if Hydrocarbons in potentially commercial quantities are encountered before having reached such geological objective. In case of exceptional circumstances encountered in the course of a drilling which prevent, in accordance with international petroleum practice, the countinuation of the said drilling, the parties shall meet to decide by mutual agreement if the drilling obligation has been met by the drilled well.
7.6. If the Consortium during the course of the first renewal period of the permit drills a number of wells ...
Exploration Work Obligations