For a Basic Exploration Stage Sample Clauses

For a Basic Exploration Stage. (a) Subject as hereinafter provided, the basic exploration stage (the "Basic Exploration Stage") shall subsist for eight 8 years. For the purposes of this Article and Article 3, the Exploration Stage is divided into consecutive exploration Phases defined for the Contract Area as follows: OFFSHORE ONSHORE First Phase: 3 years 3 years Second Phase: 3 years 2 years Third Phase: 2 years 2 years
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Related to For a Basic Exploration Stage

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