Exploratory Work Plan. The Exploratory Work Plan shall be defined by the Operating Committee. The Consortium Members shall submit to ANP the first shipment of the Exploratory Work Plan within 180 (one hundred and eighty) days from the date of signature of this Agreement, under the terms of the Applicable Law. The Consortium Members shall submit to ANP the annual shipment of the Exploratory Work Plan scheduled for October of each year, under the terms of the Applicable Legislation. The Consortium Members shall submit to ANP the annual shipment of the Exploratory Work Plan carried out in March of each year, under the terms of the Applicable Legislation. The Consortium Members shall submit to ANP the remittances for review of the planned Exploratory Work Plan and the Exploratory Work Plan carried out under the terms of the Applicable Legislation. ANP will express its opinion on the approval of the shipment of the Exploratory Work Plan within 30 (thirty) days from the receipt of the shipment, under the terms of the Applicable Legislation. The execution of the activities of the Minimum Exploration Program may be initiated before the approval of the Exploratory Work Plan, provided that ANP is previously notified. At its sole discretion, ANP may authorize the start of the execution of the activities additional to the Minimum Exploration Program before the approval of the Exploration Work Plan. During the period of analysis and approval of the Exploratory Work Plan, the execution of Exploration activities already started may be interrupted, if justified by ANP. Extension of the Exploration Phase The Exploration Phase may be extended at the discretion of ANP. If the extension of the Exploration Phase is approved, ANP will inform the Contracting Party of the decision. In return for the extension of the Exploration Phase provided for in paragraph 10.15, the Consortium Members may be required to perform exploratory activities in addition to the Minimum Exploration Program. The Consortium Members shall propose, at least 120 (one hundred and twenty) days before the end of the Exploration Phase, a revision of the Exploration Work Plan in which the exploratory activities additional to the Minimum Exploration Program required by ANP as a counterpart to the extension of the Exploration Phase are explained and justified. If the revision of the Exploratory Work Plan referred to in paragraph 10.15.3 is not approved, the Exploration Phase will be closed without the requested extension. Once the propo...
Exploratory Work Plan. 10.6. The Exploratory Work Plan shall be defined by the Operating Committee.
Exploratory Work Plan. The Concessionaire shall submit the Exploratory Work Plan shipments to the ANP, pursuant to the Applicable Laws.
Exploratory Work Plan. The Exploratory Work Plan shall be defined by the Operating Committee. The Consortium Members must submit the first shipment of the Exploratory Work Plan to the ANP within 180 (one hundred and eighty) days from the date of signature of this Agreement, pursuant to the Applicable Legislation. The Consortium Members must submit to the ANP the annual remittance of the Exploratory Work Plan scheduled in October of each year, pursuant to the Applicable Legislation. Consortium Members must submit to the ANP the annual remittance of the Exploratory Work Plan carried out in March of each year, pursuant to the Applicable Legislation. The Consortium Members must submit to the ANP the revision shipments of the planned Exploration Work Plan and the Exploratory Work Plan carried out under the terms of the Applicable Legislation. The ANP will issue an opinion on the approval of the shipment of the Exploratory Work Plan within 30 (thirty) days from the receipt of the shipment, pursuant to the Applicable Legislation. The execution of the activities of the Minimum Exploratory Program may be initiated before the approval of the Exploratory Work Plan, provided that the ANP is previously notified. At its sole discretion, the ANP may authorize the beginning of the execution of activities additional to the Minimum Exploratory Program before the Exploration Work Plan is approved. During the period of analysis and approval of the Exploratory Work Plan, the execution of Exploration activities already started may be interrupted, if justifiably required by the ANP.
Exploratory Work Plan instrument in which the activities and the respective schedules and budgets for each block under Exploration and Production agreement are specified, as well as for the moment when the remaining obligations are executed.
