Common use of Management of the 3-D Seismic Operations Clause in Contracts

Management of the 3-D Seismic Operations. Operator shall exclusively manage and conduct the 3-D Seismic Operations contemplated hereunder and all operations incident thereto, including, but not limited to, the acquisition of all geoscientific data, the performance of all 3-D seismic surveys and other geoscientific work incident thereto (other than analysis and/or interpretation), and, subject to the Operating Agreements, the drilling of all xxxxx on the Prospects. Operator shall perform all such work through employees, representatives, and contractors of its selection, and Operator shall and does hereby agree to utilize reasonable prudence and economic judgment in contracting with third party contractors or subcontractors. As manager of 3-D Seismic Operations, Operator shall devote such of its time, attention and efforts to the conduct thereof as it shall in good faith determine reasonably necessary, but shall otherwise be free to engage in and pursue all other current and future business projects, programs, prospects, opportunities, investments and activities without obligation of any kind to or right of participation therein by the other Parties hereto. In performing its duties under this Agreement, Operator shall serve as an independent contractor and not as an agent or employee of the other Parties hereto. Operator shall utilize reasonable prudence and economic judgment in incurring costs, and shall further conduct the 3-D Seismic Operations and perform all of its duties under this Agreement as a reasonable, prudent operator, in a good and workmanlike manner with due diligence and dispatch, in accordance with good oilfield and exploratory practice, and in compliance with all applicable laws and regulations, BUT SHALL HAVE NO LIABILITY TO THE OTHER PARTIES HERETO OR ANY OTHER OWNER OF RIGHTS OR INTERESTS UNDER THIS AGREEMENT FOR ANY LOSSES SUSTAINED OR LIABILITIES INCURRED IN CONNECTION WITH THE 3-D SEISMIC OPERATIONS AND/OR THE CONDUCT OF ANY ACTIVITIES UNDER OR CONTEMPLATED BY THIS AGREEMENT, SAVE AND EXCEPT AS MAY BE OCCASIONED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF OPERATOR. EACH OF THE OTHER PARTIES HERETO ACKNOWLEDGES THAT (A) IT HAS READ AND AGREED TO THE FOREGOING EXCULPATION OF OPERATOR AS A NEGOTIATED AND BARGAINED FOR ASPECT OF THIS TRANSACTION, (B) THIS EXCULPATION PROVISION IS CONSPICUOUS.

Management of the 3-D Seismic Operations. Operator shall exclusively manage and conduct the 3-D Seismic Operations contemplated hereunder and all operations incident thereto, including, but not limited to, the acquisition of all geoscientific data, the performance of all 3-D seismic surveys and other geoscientific work incident thereto (other than analysis and/or interpretation)thereto, and, subject to the Operating Agreements, the drilling of all xxxxx wells on the Prospects. Operator shall perform all such work through xxxxxgh employees, representatives, and contractors of its selection, and Operator shall and does hereby agree to utilize reasonable prudence and economic judgment in contracting with third party contractors or subcontractors. As manager of 3-D Seismic Operations, Operator shall devote such of its time, attention and efforts to the conduct thereof as it shall in good faith determine reasonably necessary, but shall otherwise be free to engage in and pursue all other current and future business projects, programs, prospects, opportunities, investments and activities without obligation of any kind to or right of participation therein by the other Parties hereto. In performing its duties under this Agreement, Operator shall serve as an independent contractor and not as an agent or employee of the other Parties hereto. Operator shall utilize reasonable prudence and economic judgment in incurring costs, and shall further conduct the 3-D Seismic Operations and perform all of its duties under this Agreement as a reasonable, prudent operator, in a good and workmanlike manner with due diligence and dispatch, in accordance with good oilfield and exploratory practice, and in compliance with all applicable laws and regulations, BUT SHALL HAVE NO LIABILITY TO THE OTHER PARTIES HERETO OR ANY OTHER OWNER OF RIGHTS OR INTERESTS UNDER THIS AGREEMENT FOR ANY LOSSES SUSTAINED OR LIABILITIES INCURRED IN CONNECTION WITH THE 3-D SEISMIC OPERATIONS AND/OR THE CONDUCT OF ANY ACTIVITIES UNDER OR CONTEMPLATED BY THIS AGREEMENT, SAVE AND EXCEPT AS MAY BE OCCASIONED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF OPERATOR. EACH OF THE OTHER PARTIES HERETO ACKNOWLEDGES THAT (A) IT HAS READ AND AGREED TO THE FOREGOING EXCULPATION OF OPERATOR AS A NEGOTIATED AND BARGAINED FOR ASPECT OF THIS TRANSACTION, (B) THIS EXCULPATION PROVISION IS CONSPICUOUS.

Management of the 3-D Seismic Operations. Operator shall exclusively manage and conduct the 3-D Seismic Operations contemplated hereunder and all operations incident thereto, including, but not limited to, the acquisition of all geoscientific data, the performance of all 3-D seismic surveys and other geoscientific work incident thereto (other than analysis and/or interpretation), and, subject to the Operating Agreements, the drilling of all xxxxx wells on the Prospects. Operator Operaxxx shall perform all such work through employees, representatives, and contractors of its selection, and Operator shall and does hereby agree to utilize reasonable prudence and economic judgment in contracting with third party contractors or subcontractors. As manager of 3-D Seismic Operations, Operator shall devote such of its time, attention and efforts to the conduct thereof as it shall in good faith determine reasonably necessary, but shall otherwise be free to engage in and pursue all other current and future business projects, programs, prospects, opportunities, investments and activities without obligation of any kind to or right of participation therein by the other Parties hereto. In performing its duties under this Agreement, Operator shall serve as an independent contractor and not as an agent or employee of the other Parties hereto. Operator shall utilize reasonable prudence and economic judgment in incurring costs, and shall further conduct the 3-D Seismic Operations and perform all of its duties under this Agreement as a reasonable, prudent operator, in a good and workmanlike manner with due diligence and dispatch, in accordance with good oilfield and exploratory practice, and in compliance with all applicable laws and regulations, BUT SHALL HAVE NO LIABILITY TO THE OTHER PARTIES HERETO OR ANY OTHER OWNER OF RIGHTS OR INTERESTS UNDER THIS AGREEMENT FOR ANY LOSSES SUSTAINED OR LIABILITIES INCURRED IN CONNECTION WITH THE 3-D SEISMIC OPERATIONS AND/OR THE CONDUCT OF ANY ACTIVITIES UNDER OR CONTEMPLATED BY THIS AGREEMENT, SAVE AND EXCEPT AS MAY BE OCCASIONED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF OPERATOR. EACH OF THE OTHER PARTIES HERETO ACKNOWLEDGES THAT (A) IT HAS READ AND AGREED TO THE FOREGOING EXCULPATION OF OPERATOR AS A NEGOTIATED AND BARGAINED FOR ASPECT OF THIS TRANSACTION, (B) THIS EXCULPATION PROVISION IS CONSPICUOUS.

Management of the 3-D Seismic Operations. Operator shall exclusively manage and conduct the 3-D Seismic Operations contemplated hereunder and all operations incident thereto, including, but not limited to, the acquisition of all geoscientific data, the performance of all 3-D seismic surveys and other geoscientific work incident thereto (other than analysis and/or interpretation)thereto, and, subject to the Operating Agreements, the drilling of all xxxxx on the Prospects. Operator shall perform all such work through employees, representatives, and contractors of its selection, and Operator shall and does hereby agree to utilize reasonable prudence and economic judgment in contracting with third party contractors or subcontractors. As manager of 3-D Seismic Operations, Operator shall devote such of its time, attention and efforts to the conduct thereof as it shall in good faith determine reasonably necessary, but shall otherwise be free to engage in and pursue all other current and future business projects, programs, prospects, opportunities, investments and activities without obligation of any kind to or right of participation therein by the other Parties hereto. In performing its duties under this Agreement, Operator shall serve as an independent contractor and not as an agent or employee of the other Parties hereto. Operator shall utilize reasonable prudence and economic judgment in incurring costs, and shall further conduct the 3-D Seismic Operations and perform all of its duties under this Agreement as a reasonable, prudent operator, in a good and workmanlike manner with due diligence and dispatch, in accordance with good oilfield and exploratory practice, and in compliance with all applicable laws and regulations, BUT SHALL HAVE NO LIABILITY TO THE OTHER PARTIES HERETO OR ANY OTHER OWNER OF RIGHTS OR INTERESTS UNDER THIS AGREEMENT FOR ANY LOSSES SUSTAINED OR LIABILITIES INCURRED IN CONNECTION WITH THE 3-D SEISMIC OPERATIONS AND/OR THE CONDUCT OF ANY ACTIVITIES UNDER OR CONTEMPLATED BY THIS AGREEMENT, SAVE AND EXCEPT AS MAY BE OCCASIONED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF OPERATOR. EACH OF THE OTHER PARTIES HERETO ACKNOWLEDGES THAT (A) IT HAS READ AND AGREED TO THE FOREGOING EXCULPATION OF OPERATOR AS A NEGOTIATED AND BARGAINED FOR ASPECT OF THIS TRANSACTION, (B) THIS EXCULPATION PROVISION IS CONSPICUOUS.

Management of the 3-D Seismic Operations. Operator shall exclusively manage and conduct the 3-D Seismic Operations contemplated hereunder and all operations incident thereto, including, but not limited to, the acquisition of all geoscientific data, the performance of all 3-D seismic surveys and other geoscientific work incident thereto (other than analysis and/or interpretation)thereto, and, subject to the Operating Agreements, the drilling of all xxxxx wells on the Prospects. Operator shall Operatox xxxll perform all such work through employees, representatives, and contractors of its selection, and Operator shall and does hereby agree to utilize reasonable prudence and economic judgment in contracting with third party contractors or subcontractors. As manager of 3-D Seismic Operations, Operator shall devote such of its time, attention and efforts to the conduct thereof as it shall in good faith determine reasonably necessary, but shall otherwise be free to engage in and pursue all other current and future business projects, programs, prospects, opportunities, investments and activities without obligation of any kind to or right of participation therein by the other Parties hereto. In performing its duties under this Agreement, Operator shall serve as an independent contractor and not as an agent or employee of the other Parties hereto. Operator shall utilize reasonable prudence and economic judgment in incurring costs, and shall further conduct the 3-D Seismic Operations and perform all of its duties under this Agreement as a reasonable, prudent operator, in a good and workmanlike manner with due diligence and dispatch, in accordance with good oilfield and exploratory practice, and in compliance with all applicable laws and regulations, BUT SHALL HAVE NO LIABILITY TO THE OTHER PARTIES HERETO OR ANY OTHER OWNER OF RIGHTS OR INTERESTS UNDER THIS AGREEMENT FOR ANY LOSSES SUSTAINED OR LIABILITIES INCURRED IN CONNECTION WITH THE 3-D SEISMIC OPERATIONS AND/OR THE CONDUCT OF ANY ACTIVITIES UNDER OR CONTEMPLATED BY THIS AGREEMENT, SAVE AND EXCEPT AS MAY BE OCCASIONED BY THE GROSS NEGLIGENCE OR WILLFUL MISCONDUCT OF OPERATOR. EACH OF THE OTHER PARTIES HERETO ACKNOWLEDGES THAT (A) IT HAS READ AND AGREED TO THE FOREGOING EXCULPATION OF OPERATOR AS A NEGOTIATED AND BARGAINED FOR ASPECT OF THIS TRANSACTION, (B) THIS EXCULPATION PROVISION IS CONSPICUOUS.