Geophysical i. Design, conduct and process a new full fold 3D seismic survey of at least (…………) square kilometres of full fold 3D seismic to the value of ………… United States Dollars (US$ ) with shooting to commence within ………(…) Months after the Effective Date; and;
ii. Evaluate, integrate and map all seismic data related to the Contract Area. The first renewal of the Petroleum Exploration Licence is subject to the Contractor having fulfilled the minimum Exploration Work Programme specified in Article 11.2 to the satisfaction of the Minister and relinquishment of areas pursuant to Article 9. The Contractor shall not be released of its work and financial obligations under this Agreement if it fails to carry out the Minimum Exploration Work Programme to the Minister’s satisfaction.
Geophysical. (i) Design, conduct and process a new full fold 3D seismic survey of at least…………………………………… square kilometres of full fold 3D seismic to the value of approximately United States Dollars (US$....................) equivalent to ………… Work Units with shooting to commence within…………………Months after the Effective Date; and
(ii) Evaluate, integrate and map all seismic data related to the Contract Area.
Geophysical i) Purchase/License (where multi-client seismic data is available) or acquire at least --------- lkm (2D) and xx.xx. (3D) of high resolution seismic data commencing at the earliest after the Effective Date.
ii) Evaluate, integrate and map all seismic data related to the Contract Area.
Geophysical. (i) Acquire and process to industry standards at least ( ) square kilometres of full fold 3D seismic to the value of approximately United States Dollars (USD ) equivalent to Work Units.
(ii) Evaluate, integrate and map all seismic data related to Contract Area.
Geophysical. (i) Acquire and process to industry standards at least …………………………… (………) square kilometres of full fold 3D seismic to the value of approximately ………………………………… United States
Geophysical. (i) Carry out and process to state-of-the art standard at least ------------------ xx.xx. (3D) and lkm (2D) of high resolution seismic program.
(ii) Evaluate, integrate and map all seismic data related to the Contract Area.
Geophysical. (i) Acquire and process to industry standards at least ( ) square kilometres of full fold 3D seismic to the value of approximately Million United States Dollars (USD ) equivalent to Work Units with shooting to commence within fifteen (15) months after the Effective Date;
(ii) Evaluate, integrate and map all seismic data related to the Contract Area.
Geophysical. (i) Acquire and process to industry standards at least kilometres of 2D seismic with shooting to commence within fifteen (15) months after the Effective Date.
(ii) Evaluate, integrate and map all seismic data related to the Contract Area.
Geophysical. (i) Acquire and process to industry standards at least …………………………… (………) square kilometres of full fold 3D seismic to the value of approximately ………………………………… United States Dollars (US$.......) equivalent to ……… Work Units with shooting to commence within ………… (……) Months after the Effective Date;
(ii) Evaluate, integrate and map all seismic data related to the Contract Area;
(iii) Acquire at least ………………………………… (………) line kilometres of Gravity and Magnetic data within the Contract Area to the value of approximately ………………………………… United States Dollars (US$........) equivalent to Work Units. (c) Drilling:
(i) to a depth of at least……………………………………… (… ) metres true vertical depth below mudline to the value of approximately United States Dollars (US$.......00), equivalent to………. Work Units;
(ii) to a depth of at least………………………………………. ( ) metres true vertical depth below mudline to the value of approximately United States Dollars (US$......00), equivalent to…….. Work Units; ………………… (……) Months after the Effective Date.
Geophysical. (i) Any one of the following options is considered fulfilment of the Exploration Programme for acquisition of New Seismic Data:
a) Design and conduct a new full fold proprietary 3D seismic survey of at least…………………………………… square kilometres to the value of approximately ……………………United States Dollars (US$....................) equivalent to ………… Work Units with shooting to commence within…………………Months after the Effective Date and process the acquired seismic data from this survey to industry standard;
b) Permit a Multi-Client Company to acquire a full fold 3D Hybrid Seismic Survey and process the acquired seismic data from this survey to industry standard over the licenced acreage equivalent to the coverage specified in 7.2 (a)(i)(a) to the value of approximately ……………. United States Dollars ($US………………………) equivalent to… Work Units with shooting to commence within the time specified in 7.2(a)(i)(a); or
c) License full fold 3D Multi-Client Seismic Data over the licenced acreage equivalent to the coverage specified in 7.2 (a)(i)(a) to the value of approximately…….United States Dollars (US$............) equivalent to ………….. Work Units within the time specified in 7.2 (a)(i)(a).
(ii) License 2D Multi-Client Seismic Data of at least … Line kilometres to the value of approximately … United States dollars (US$...) equivalent to…..
