OPERATING COMMITTEE AND WORK PROGRAMMES Clause Samples
The 'Operating Committee and Work Programmes' clause establishes a formal group, typically composed of representatives from the parties to an agreement, responsible for overseeing and coordinating joint activities or projects. This committee is tasked with reviewing, approving, and monitoring work programmes, budgets, and progress reports, ensuring that all parties are aligned on objectives and resource allocation. By providing a structured decision-making process, the clause helps facilitate collaboration, resolve disputes efficiently, and maintain transparency in the management of shared operations.
OPERATING COMMITTEE AND WORK PROGRAMMES. 1. The parties shall establish an operating committee to supervise and control the petroleum operations. The operating committee shall consist of one representative appointed by each of the Parties provided always that more than one of the Parties may appoint the same representative who shall represent them separately. Each party shall, as soon as possible after the date of this Participation Agreement, give notice to all the other parties of the name of its representative and of an alternate on the operating committee. Such representative may be replaced, from time to time, by like notice. Representatives may bring to meetings of the operating committee such advisers as they consider necessary. The representative of a Party or, in the absence of the representative, his alternate, shall be deemed authorized to represent and bind such party with respect to any matter which is within the powers of the operating committee. The representative of the party, which is the operator, shall be the chairman of the operating committee and shall report the proceedings.
2. Except as otherwise provided in this Participation Agreement the powers and duties of the operating committee shall include-
(a) The consideration and determination of all matters relating to general policies, procedures and methods of operation hereunder;
(b) The approval of any public announcement or statement regarding this Participation Agreement or the petroleum operations;
(c) The consideration, revision and approval or disapproval, of all proposed participation work programmes, budgets and AFE's prepared and submitted to it pursuant to the provisions of this Participation Agreement;
(d) The determination of the timing and location of all ▇▇▇▇▇ drilled under this Participation Agreement and any change in the use or status of a well;
(e) the determination of whether the operator will represent the parties regarding any matters or dealings with the Minister, any other governmental authorities or third parties in so far as the same relate to the petroleum operations, provided that there is reserved to each party the unfettered right to deal with Minister or any other government authorities in respect of matters relating to its own participating interest; and
(f) the consideration and, if so required, the determination of any other matter relating to the petroleum operations which may otherwise be designated under this Participation Agreement for reference to it.