Programmes and Budgets. Unless otherwise approved by GFBV and NAPL, all proposed Programmes and Budgets relating to the APP Project, to the extent that such Programmes and Budgets relate to work to be conducted prior to the expiry of the Option Period, shall be prepared by the Managing Director and copies thereof submitted to the GFAP Board and the GFBV Observers on an annual basis. During the Option Period and provided NAPL and NAPF are in compliance with their obligations under this Agreement (including its funding obligations under Clause 7.2) and the Services Agreement and the Managaing Director is in compliance with his or her obligations under the MD Agreement, the GFAP Board shall have the authority to approve any proposed Programme and Budget and the making of any Earn-in Expenditures relating thereto unless such approval or the making of such Earn-in Expenditures would:
Programmes and Budgets. Article 7 DISCOVERY, DEVELOPMENT AND PRODUCTION Article 8 RECORDS, REPORTS, DATA AND INSPECTION Article 9 ROYALTY AND STATE PARTICIPATION Article 10 COST RECOVERY AND PRODUCTION SHARING
Programmes and Budgets. 19 8.1 WORK IN ACCORDANCE WITH APPROVED PROGRAMMES AND BUDGETS.................19 8.2
Programmes and Budgets. 12.1 The Operator shall carry out all JV Activities in accordance with programmes and budgets approved by the Committee and in accordance with this clause 12.
Programmes and Budgets. As soon as possible after the execution of this Agreement, the Contractor shall adopt a work programme and capital and operating budget for the remainder of the current financial year and shall provide Owner with a copy thereof. Thereafter and not later than 1st June in each year the Contractor shall adopt a work programme and an operating budget and a capital budget for the ensuing financial year commencing on 1st July and shall provide Owner with a copy of each of such work programme and capital and operating budgets.
Programmes and Budgets. Joint Operations shall be conducted, expenses shall be incurred and Joint Account Assets shall be acquired pursuant only to Approved Programmes and Budgets. The Financial and Accounting Procedures contains, among other things, provisions concerning the preparation, review and approval of Programmes and Budgets.
Programmes and Budgets. 3.2.1 The preparation of Programmes and the Capital Budget relating to Development and the construction of the Project, together with amendments and supplements thereto;
Programmes and Budgets. Subject to Section 4.7, the Contractor shall carry out Petroleum Operations substantially in accordance with Work Programmes and Budgets approved by the Ministry. Such an approval by the Ministry is without prejudice to any other obligation or liability of the Contractor under this Agreement.
Programmes and Budgets. 7.3.1 No later than 1 October each year, the Operator shall submit to the Parties the programme and budget for the following year.
Programmes and Budgets
