MINIMUM EXPLORATION WORK PROGRAMME. 7.1 Contractor shall commence Exploration Operations hereunder within ninety (90) days after the Effective Date. Such Exploration Operations shall be diligently and continuously carried out in accordance with sound and current international Petroleum industry practices for the duration of the Exploration Period.
MINIMUM EXPLORATION WORK PROGRAMME. BANK GUARANTEE 4.1 In discharge of its obligation to carry out Exploration operations in the Contract Area, Contractor shall, in accordance with the provisions of this Article, carry out the Minimum Exploration Work Programmes and shall expend the corresponding Minimum Expenditures as follows: 4.1.1 Initial Exploration Period Commencing on the day on which the Exploration Licence becomes effective and terminating on the fourth anniversary of such date, the following Exploration work shall be carried out: (a) Minimum Work Programme: (i) geological and geophysical work: (to be specified); (ii) Exploration drilling: the drilling and evaluation of at least ______ (___)
MINIMUM EXPLORATION WORK PROGRAMME. (1) Subject to the other relevant provisions of this Agreement, the Company shall carry out with expedition and due diligence in the Agreement Area the minimum exploration programme of work specified in any period referred to or identified in Part I of the Second Schedule to this Agreement.
