Common use of Information Supplied by Operator Clause in Contracts

Information Supplied by Operator. (A) Subject to Article 15.4, the Operator shall provide Non-Operators in a timely manner with copies of the following information, data and reports relating to Joint Operations (to the extent to be charged to the Joint Account) in digitized format and if not available then in hard-copy as they are currently produced or compiled from Joint Operations, the cost of which shall be charged to the Joint Account (unless otherwise provided in this Agreement): (1) copies of all surveys and, if reasonable in the circumstances, all logs including in digitally recorded format, if such exists. Logs which are required by the Parties for operational decision-making shall be delivered to the Parties within twenty-four hours of their receipt by the Operator and all other logs will be delivered to the Parties in a timely manner following their receipt by the Operator; (2) daily drilling reports; (3) copies of all Tests and core data analysis reports, (including drill stem tests and pressure surveys) and all other technical data surveys (if any); (4) final well recap report; (5) copies of plugging reports; (6) well bore samples (drill cuttings) and also rock samples if any obtained from seismic acquisition to be preserved and submitted for analyses; (7) at the cost of the Party requesting it, palaeontology sample analyses indicating lithologies, faunal assemblages and all geological formations through which the well was drilled; (8) copies of the final processed version and any subsequent reprocessing of all seismic lines and positioning, shot point location base map, observer’s reports, seismic field tapes and final acquisition/processing reports, all geophysical information, including but not limited to seismic, magnetic and gravity data and weekly summaries of seismic activity; (9) engineering studies, development schedules and quarterly progress reports on development projects; (10) field and well performance reports, including reservoir studies and reserve estimates and short and long term production forecasts; (11) copies of all material reports relating to Joint Operations or the Contract Area furnished by the Operator to the Minister including well proposals, location reports, site survey reports and drilling programmes prior to or concurrent with such filing; and (ii) other material studies and reports relating to Joint Operations and other studies carried out by the Operator, their respective Affiliates or third parties including but not limited to petroleum engineering, development feasibility, project cost estimates, project implementation, field performance reserve estimates and Development Plans; (12) copies of final interpretations, including but not limited to geological and geophysical maps, seismic and well log cross sections and relevant reports, all as are reasonable in the circumstances; (13) long-term production forecasts, submitted with the annual Work Programmes and Budgets, such forecasts to be made on a yearly basis save that the current budget year shall also be broken down on a monthly basis; (14) copies of financial and accounting reports as provided for herein and in the Accounting Procedure; (15) a quarterly report detailing and comparing approved budgeted amounts to actual amounts with an explanation for significant variations; (16) annual reserves reports including proved developed reserves; (17) gas balancing reports under any arrangements or agreements contemplated in (18) monthly reports on production with performance data listed by field, xxxxx and reservoirs; (19) copies of all important notices, reports, applications and returns coming from or sent to the Minister or the Government with respect to Joint Operations including receipts for taxes, duties, levies or fees paid by the Operator on behalf of Licensee and any reports, information and data which the Operator is required to submit to the Minister in compliance with the Licence; (20) monthly reports of accounting and financial data and a quarterly reconciliation of Work Programmes and Budgets, AFEs and the Joint Account with an explanation for significant variations and where practicable, an indicative draft annual Budget for the following three (3) Calendar Years; (21) an annual statement of the cost of dismantlement of xxxxx, equipment and all related facilities in accordance with the IAS-37, international financial reporting standard of the International Accounting Standards Board; (22) such additional information as a Non-Operator may reasonably request, provided that the requesting Party or Parties pay the costs of preparation of such information and that the preparation of such information will not unduly burden the Operator’s administrative and technical personnel. Only Non-Operators which pay such costs will receive such additional information; and (23) other reports as directed by the Operating Committee. (B) The Operator shall give Non-Operators access at all reasonable times during normal business hours to all data and reports (other than data and reports provided to Non-Operators in accordance with Article 4.4(A)) acquired in the conduct of Joint Operations, which a Non- Operator may reasonably request. Any Non-Operator may make copies of such other data at its sole expense. (C) To the extent that it relates to Carried Obligations, a Party whose Paying Interest is zero (0) because its obligations are met by the other Parties shall not bear any costs associated with the provision, production or compilation of any and all information or data both requested and received by it pursuant to this Article 4.4.

Appears in 1 contract

Samples: Joint Operating Agreement

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Information Supplied by Operator. (A) Subject to Article 15.4, the Operator shall provide Non-Operators in a timely manner with copies of the following information, data and reports relating to Joint Operations (to the extent to be charged to the Joint Account) in digitized format and if not available then in hard-copy as they are currently produced or compiled from Joint Operations, the cost of which shall be charged to the Joint Account (unless otherwise provided in this Agreement): (1) copies of all surveys and, if reasonable in the circumstances, all logs including in digitally recorded format, if such exists. Logs which are required by the Parties for operational decision-making shall be delivered to the Parties within twenty-four hours of their receipt by the Operator and all other logs will be delivered to the Parties in a timely manner following their receipt by the Operator; (2) daily drilling reports; (3) copies of all Tests and core data analysis reports, (including drill stem tests and pressure surveys) and all other technical data surveys (if any); (4) final well recap report; (5) copies of plugging reports; (6) well bore samples (drill cuttings) and also rock samples if any obtained from seismic acquisition to be preserved and submitted for analyses; (7) at the cost of the Party requesting it, palaeontology sample analyses indicating lithologies, faunal assemblages and all geological formations through which the well was drilled; (8) copies of the final processed version and any subsequent reprocessing of all seismic lines and positioning, shot point location base map, observer’s reports, seismic field tapes and final acquisition/processing reports, all geophysical information, including but not limited to seismic, magnetic and gravity data and weekly summaries of seismic activity; (9) engineering studies, development schedules and quarterly progress reports on development projects; (10) field and well performance reports, including reservoir studies and reserve estimates and short and long long-term production forecasts; (11) copies of all material reports relating to Joint Operations or the Contract Area furnished by the Operator to the Minister including well proposals, location reports, site survey reports and drilling programmes programs prior to or concurrent with such filing; and (ii) other material studies and reports relating to Joint Operations and other studies carried out by the Operator, their respective Affiliates or third parties including but not limited to petroleum engineering, development feasibility, project cost estimates, project implementation, field performance reserve estimates and Development Plans; (12) copies of final interpretations, including but not limited to geological and geophysical maps, seismic and well log cross sections and relevant reports, all as are reasonable in the circumstances; (13) long-term production forecasts, submitted with the annual Work Programmes Programs and Budgets, such forecasts to be made on a yearly basis save that the current budget year shall also be broken down on a monthly basis; (14) copies of financial and accounting reports as provided for herein and in the Accounting Procedure; (15) a quarterly report detailing and comparing approved budgeted amounts to actual amounts with an explanation for significant variations; (16) annual reserves reports including proved developed reserves; (17) gas balancing reports under any arrangements or agreements contemplated in (18) monthly reports on production with performance data listed by field, xxxxx and reservoirs; (19) copies of all important notices, reports, applications and returns coming from or sent to the Minister or the Government with respect to Joint Operations including receipts for taxes, duties, levies or fees paid by the Operator on behalf of Licensee and any reports, information and data which the Operator is required to submit to the Minister in compliance with the Licence; (20) monthly reports of accounting and financial data and a quarterly reconciliation of Work Programmes Programs and Budgets, AFEs and the Joint Account with an explanation for significant variations and where practicable, an indicative draft annual Budget for the following three (3) Calendar Years; (21) an annual statement of the cost of dismantlement of xxxxx, equipment and all related facilities in accordance with the IAS-37, international financial reporting standard IAS-37 of the International Accounting Standards BoardStandards; (22) such additional information as a Non-Operator may reasonably request, provided that the requesting Party or Parties pay the costs of preparation of such information and that the preparation of such information will not unduly burden the Operator’s administrative and technical personnel. Only Non-Operators which who pay such costs will receive such additional information; and (23) other reports as directed by the Operating Committee. (B) The Operator shall give Non-Operators access at all reasonable times during normal business hours to all data and reports (other than data and reports provided to Non-Operators in accordance with Article 4.4(A)) acquired in the conduct of Joint Operations, which a Non- Operator may reasonably request. Any Non-Operator may make copies of such other data at its sole expense. (C) To the extent that it relates to Carried Obligations, a Party whose Paying Interest is zero (0) because its obligations are met by the other Parties shall not bear any costs associated with the provision, production or compilation of any and all information or data both requested and received by it pursuant to this Article 4.4.zero

Appears in 1 contract

Samples: Joint Operating Agreement

Information Supplied by Operator. (A5.4(A) Subject to Article 15.4the Operating Services Agreement, the Operator shall provide Non-Operators the other Parties in a timely manner with copies of the following information, data and reports relating to Joint Operations (to the extent to be charged to the Joint Account) in digitized format and if not available in digitized format then in hard-copy as they are currently produced or compiled from the Joint Operations, the cost of which shall be charged to the Joint Account (unless otherwise provided in this Agreement):: (1) copies of all surveys and, if reasonable in the circumstances, all All logs including in digitally recorded format, if such exists. Logs which are required by the Parties for operational decision-making shall be delivered to the Parties within twenty-four hours of their receipt by the Operator and all other logs will be delivered to the Parties in a timely manner following their receipt by the Operatoror surveys; (2) daily Proposed well design and any revisions for each well; (3) Daily drilling reports; (34) copies of all All Tests and core data and analysis reports, (including drill stem tests and pressure surveys) and all other technical data surveys (if any); (45) final Final well recap report; (5) copies of plugging reports; (6) well bore samples (drill cuttings) and also rock samples if any obtained from seismic acquisition to be preserved and submitted for analysesPlugging reports; (7) at the cost of the Party requesting it, palaeontology sample analyses indicating lithologies, faunal assemblages Seismic sections and all geological formations through which the well was drilledif applicable shot point location maps; (8) copies of the final processed version Final, and if requested by any subsequent reprocessing of all seismic lines Party intermediate, geological and positioninggeophysical maps, shot point location base map, observer’s interpretations and reports, seismic field tapes and final acquisition/processing reports, all geophysical information, including but not limited to seismic, magnetic and gravity data and weekly summaries of seismic activity; (9) engineering studies, development schedules Engineering studiesand monthly and quarterly annual progress reports on development projectsoperations, which progress reports shall at least set out the then current development schedule, the status of each such development operation from inception to date, its cumulative costs to date and the cumulative commitments undertaken; (10) Daily production reports, weekly production summary and production activity reports, and monthly reports on well, reservoir, field and well performance reports, including reservoir studies and reserve estimates and short and long term production forecastsinfrastructure performance; (11) Reservoir studies, annual reserve estimates, and annual forecasts of production capability, infrastructure capactiy, and scheduled outages, provided that Operator makes no representations about the accuracy of its identification of reserves and that each party retains full responsibility for making its own assessment of reserves for internal and reporting purposes; (12) Before filing with the Government, copies of all material reports relating to Joint Operations or the Contract Area required, or anticipated, to be furnished by the Operator to the Minister including well proposalsGovernment, location reportsand copies of such reports as filed; (13) As reasonably requested by a Party, site survey reports and drilling programmes prior to or concurrent with such filing; and (ii) other material studies and reports relating to Joint Operations and other studies carried out by the Operator, their respective Affiliates or third parties including but not limited to petroleum engineering, development feasibility, project cost estimates, project implementation, field performance reserve estimates and Development Plans; (12) copies of final interpretations, including but not limited to geological and geophysical maps, seismic and well log cross sections and relevant reports, all as are reasonable in the circumstances; (13) long-term production forecasts, submitted with the annual Work Programmes and Budgets, such forecasts to be made on a yearly basis save that the current budget year shall also be broken down on a monthly basisOperations; (14) copies of financial Data, reports forecasts and accounting reports as schedules under agreements provided for herein in Articles 9.2 and in 9.3; (15) Copies of accounting information and reports to be furnished under Article 6.7 and the Accounting Procedure; (15) a quarterly report detailing and comparing approved budgeted amounts to actual amounts with an explanation for significant variations; (16) Monthly and annual reserves reports including proved developed reservesHSE key performance data and reports; (17) gas balancing reports under any arrangements or agreements contemplated in (18) monthly reports on production with performance data listed by field, xxxxx and reservoirs; (19) copies of all important notices, reports, applications and returns coming from or sent to the Minister or the Government with respect to Joint Operations including receipts for taxes, duties, levies or fees paid by the Operator on behalf of Licensee and any reports, information and data which the Operator is required to submit to the Minister in compliance with the Licence; (20) monthly reports of accounting and financial data and a quarterly reconciliation of Work Programmes and Budgets, AFEs and the Joint Account with an explanation for significant variations and where practicable, an indicative draft annual Budget for the following three (3) Calendar Years; (21) an annual statement of the cost of dismantlement of xxxxx, equipment and all related facilities in accordance with the IAS-37, international financial reporting standard of the International Accounting Standards Board; (22) such Such additional information as a Non-Operator Party may reasonably request, provided that the preparation of such information will not unduly burden the personnel of Operator, that the requesting Party or Parties pay the costs of preparation of such information information, and that the preparation of such information will not unduly burden the Operator’s administrative and technical personnel. Only Non-Operators which only Parties who pay such costs will receive such additional information; and (2318) other Other reports as directed by the Operating Committee. (B5.4(B) The Operator shall give Non-Operators the other Parties access at all reasonable times during normal business hours to all information, data and reports (other than information, data and reports provided to Non-Operators in accordance with the Parties under Article 4.4(A)5.4.A) acquired in the conduct of Joint Operations, Operations and for which a Non- Operator Party may reasonably request. Any Non-Operator Party may make copies of such other data at its sole expense. (C) To the extent that it relates to Carried Obligations, a Party whose Paying Interest is zero (0) because its obligations are met by the other Parties shall not bear any costs associated with the provision, production or compilation of any and all information or data both requested and received by it pursuant to this Article 4.4.

Appears in 1 contract

Samples: Joint Operating Agreement (BPZ Resources, Inc.)

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Information Supplied by Operator. (Aa) Subject to Article 15.4, the Operator shall provide Non-Operators in a timely manner with copies of the following information, data and reports relating to Joint Operations (to the extent to be charged to the Joint Account) in digitized format and if not available then in hard-copy as they are currently produced or compiled from Joint Operations, the cost of which shall be charged to the Joint Account (unless otherwise provided in this Agreement):: (1i) copies of all surveys andlogs and surveys, if reasonable in the circumstances, all logs including in digitally recorded format, format if such exists. Logs which are required by the Parties for operational decision-making shall be delivered to the Parties within twenty-four hours of their receipt by the Operator and all other logs will be delivered to the Parties in a timely manner following their receipt by the Operator; (2ii) daily drilling reports; (3iii) copies of all Tests and core data and analysis reports, (including drill stem tests and pressure surveys) and all other technical data surveys (if any); (4iv) final well recap report; (5v) copies of plugging reports; (6vi) well bore samples (drill cuttings) copies of final geological and also rock samples if any obtained from geophysical maps, seismic acquisition to be preserved sections and submitted for analysesshot point location maps; (7) at the cost of the Party requesting it, palaeontology sample analyses indicating lithologies, faunal assemblages and all geological formations through which the well was drilled; (8) copies of the final processed version and any subsequent reprocessing of all seismic lines and positioning, shot point location base map, observer’s reports, seismic field tapes and final acquisition/processing reports, all geophysical information, including but not limited to seismic, magnetic and gravity data and weekly summaries of seismic activity; (9vii) engineering studies, development schedules and quarterly and annual progress reports on Development Plan projects which progress reports shall at least set out the then current development projectsschedule, the status of each such Development Plan project from inception to date, its cumulative costs to date and the cumulative commitments undertaken; (10viii) weekly production summary and production activity reports, and monthly reports on well, reservoir, field and infrastructure performance; (ix) reservoir studies, annual reserve estimates, and annual forecasts of production capability, infrastructure capacity, and scheduled outages, provided that Operator makes no representations about the accuracy of its identification of reserves and that each Non-Operator retains full responsibility for making its own assessment of reserves for internal and reporting purposes; (x) before filing with the Government, copies of all material reports relating to Joint Operations or the PSC required, or anticipated, to be furnished by Operator to the Government, and copies of such reports as filed; (xi) to the extent not already provided pursuant to clause (viii) or (ix) above, field and well performance reports, including reservoir studies and reserve estimates and short and long term production forecastsestimates; (11xii) to the extent not already provided pursuant to clause (x) above, as requested by a Non-Operator, (i) copies of all material reports relating to Joint Operations or the Contract Area furnished by the Operator to the Minister including well proposals, location reports, site survey reports and drilling programmes prior to or concurrent with such filingGovernment; and (ii) other material studies and reports relating to Joint Operations and other studies carried out by the Operator, their respective Affiliates or third parties including but not limited to petroleum engineering, development feasibility, project cost estimates, project implementation, field performance reserve estimates and Development PlansOperations; (12) copies of final interpretations, including but not limited to geological and geophysical maps, seismic and well log cross sections and relevant reports, all as are reasonable in the circumstances; (13) long-term production forecasts, submitted with the annual Work Programmes and Budgets, such forecasts to be made on a yearly basis save that the current budget year shall also be broken down on a monthly basis; (14) copies of financial and accounting reports as provided for herein and in the Accounting Procedure; (15) a quarterly report detailing and comparing approved budgeted amounts to actual amounts with an explanation for significant variations; (16) annual reserves reports including proved developed reserves; (17xiii) gas balancing reports under any arrangements or agreements contemplated in (18) monthly reports on production with performance data listed by field, xxxxx and reservoirsprovided for in clause 9.3; (19xiv) copies of all important noticesto the extent not already provided pursuant to the clauses above, data, reports, applications forecasts and returns coming from or sent to the Minister or the Government with respect to Joint Operations including receipts schedules under agreements provided for taxes, duties, levies or fees paid by the Operator on behalf of Licensee and any reports, information and data which the Operator is required to submit to the Minister in compliance with the Licenceclause 9; (20) monthly reports of accounting and financial data and a quarterly reconciliation of Work Programmes and Budgets, AFEs and the Joint Account with an explanation for significant variations and where practicable, an indicative draft annual Budget for the following three (3) Calendar Years; (21) an annual statement of the cost of dismantlement of xxxxx, equipment and all related facilities in accordance with the IAS-37, international financial reporting standard of the International Accounting Standards Board; (22xv) such additional information as a Non-Operator may reasonably request, provided that (A) the requesting Party or Parties pay the costs of preparation of such information and that the preparation of such information will not unduly burden the Operator’s administrative and technical personnel. Only ; and (B) only Non-Operators which who pay such costs will receive such additional information; and (23xvi) other reports as directed by the Operating Committee. (Bb) The Operator shall give Non-Operators access at all reasonable times during normal business hours to all data and reports (other than data and reports provided to Non-Operators in accordance with Article 4.4(Aclause 4.4(a)) acquired in the conduct of Joint Operations, which a Non- Non-Operator may reasonably request. Any Non-Operator may make copies of such other data at its sole expense. (C) To the extent that it relates to Carried Obligations, a Party whose Paying Interest is zero (0) because its obligations are met by the other Parties shall not bear any costs associated with the provision, production or compilation of any and all information or data both requested and received by it pursuant to this Article 4.4.

Appears in 1 contract

Samples: Farmout Agreement (Hyperdynamics Corp)

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