OPERATIONS AND DEVELOPMENT PERIOD Sample Clauses

OPERATIONS AND DEVELOPMENT PERIOD. 6.1 Operating Committee 6.1.1 Within [REDACTED - SENSITIVE BUSINESS INFORMATION] of a Commercial Discovery, the Exploration Advisory Committee shall be dissolved and an Operating Committee shall be established. 6.1.2 The Operating Committee shall consist of [REDACTED - SENSITIVE BUSINESS INFORMATION] representatives, [REDACTED - SENSITIVE BUSINESS INFORMATION] representatives appointed by the DEPARTMENT and [REDACTED - SENSITIVE BUSINESS INFORMATION] representatives appointed by the CONTRACTOR. The Chairman of the Operating Committee shall be a representative of of the Operating Committee shall be a representative of [REDACTED - SENSITIVE BUSINESS INFORMATION]. 6.1.3 The responsibilities of the Operating Committee are as follows: 6.1.3.1 generally review and supervise the implementation of the Development and Production Operations under this Agreement; 6.1.3.2 consider and approve the Work Programs and Budgets presented to it by the Operator on behalf of the CONTRACTOR and consider the recommendations of the Work Program and Budget Subcommittee. 6.1.3.3 receive proposals from the Operating Subcommittees; 6.1.3.4 endorse or suggest changes to the above proposals and submit same to the DEPARTMENT and the Operator on behalf of the CONTRACTOR; and 6.1.3.5 assist the DEPARTMENT and the Operator on behalf of the CONTRACTOR in carrying out their respective duties and obligations under this Agreement. 6.1.4 The following Operating Subcommittees shall be established contemporaneously with the formation of the Operating Committee: 6.1.4.1 Work Program and Budget Subcommittee;