RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR and/or Operating Company shall prepare and, at all times while this Agreement is in force, maintain accurate and current records of its operations in the Area. CONTRACTOR and/or Operating Company shall furnish the GOVERNMENT or its representative, in conformity with applicable regulations or as the GOVERNMENT or its representative, in accordance with sound and accepted Petroleum industry practices, may require information and data concerning its operations under this Agreement. Operating Company will perform the functions indicated in this Article XIV in accordance with its role as specified in Article VI. (b) CONTRACTOR and/or Operating Company shall save and keep for a reasonable period of time a representative portion of each sample of cores and cuttings taken from drilling xxxxx, to be disposed of, or forwarded to the GOVERNMENT or its representative in the manner directed by the GOVERNMENT. All samples acquired by CONTRACTOR and/or Operating Company for their own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT or its representatives. (c) Unless otherwise agreed to by EGPC, in case of exporting any rock samples outside A.R.E., samples equivalent in size and quality shall, before such exportation, be delivered to EGPC as representative of the GOVERNMENT. (d) Originals of records can only be exported with the permission of EGPC; provided, however, that magnetic tapes and any other data which must be processed or analyzed outside the A. R.E. may be exported if a monitor or a comparable record, if available, is maintained in the A.R.E. and provided that such exports shall be repatriated to A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPC. (e) During the period CONTRACTOR is conducting the Exploration operations, EGPC's duly authorized representatives or employees shall have the right to full and complete access to the Area at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTOR. EGPC's representative, in exercising its rights under the preceding sentence of this paragraph (e), shall not interfere with CONTRACTOR's operations. CONTRACTOR shall provide EGPC with copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveys) information and interpretation of such data, and other information in CONTRACTOR's possession. For the purpose of obtaining new offers or carrying out regional studies, the GOVERNMENT and/or EGPC shall after the end of the first Exploration period, show any other party non-interpreted basic geophysical and geological data with respect to the original Area unless CONTRACTOR agrees to a shorter period.
Appears in 3 contracts
Samples: Concession Agreement, Concession Agreement, Concession Agreement
RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR and/or Operating Company shall prepare and, at all times while this Agreement is in force, maintain accurate and current records of its operations in the Area. CONTRACTOR and/or Operating Company shall furnish the GOVERNMENT or its representative, in conformity with applicable regulations or as the GOVERNMENT or its representative, in accordance with sound and accepted Petroleum industry practices, representative may reasonably require information and data concerning its operations under this Agreement. Operating Company will perform the functions indicated in this Article XIV in accordance with its role as specified in Article VI.
(b) CONTRACTOR and/or Operating Company shall save and keep for a reasonable period of time a representative portion of each sample of cores and cuttings taken from drilling xxxxx, to be disposed of, or forwarded to the GOVERNMENT or its representative in the manner directed by the GOVERNMENT. All samples acquired by CONTRACTOR and/or Operating Company for their own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT or its representatives.
(c) Unless otherwise agreed to by EGPC, in case of exporting any rock samples outside A.R.E., samples equivalent in size and quality shall, before such exportation, be delivered to EGPC as representative of the GOVERNMENT.
(d) Originals of records can only be exported with the permission of EGPC; provided, however, that magnetic tapes and any other data which must be processed or analyzed outside the
A. R.E. the A.R.E. may be exported if a monitor or a comparable record, if available, is maintained in the A.R.E. and provided that such exports shall be repatriated to A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPC.
(e) During the period CONTRACTOR is conducting the Exploration operations, EGPC's duly authorized representatives or employees shall have the right to full and complete access to the Area at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTOR. EGPC's representative, in exercising its rights under the preceding sentence of this paragraph (e), shall not interfere with CONTRACTOR's operations. CONTRACTOR shall provide EGPC with copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveys) information and interpretation of such data, and other information in CONTRACTOR's possession. For the purpose of obtaining new offers or carrying out regional studiesoffers, the GOVERNMENT and/or EGPC shall may, after the end seventh (7th) year of the first Exploration periodperiod or the date of termination of this Agreement, whichever is the earlier, show any other party non-interpreted uninterpreted basic geophysical and geological data with respect (such data to the original Area be not less than one (1) year old unless CONTRACTOR agrees to a shorter period, which agreement shall not be unreasonably withheld) with respect to the Area, provided that the GOVERNMENT and/or EGPC may at any time show another party such data directly obtained over or acquired from those parts of the Area which CONTRACTOR has relinquished as long as such data is at least one (1) year old.
Appears in 2 contracts
Samples: Concession Agreement for Petroleum Exploration and Exploitation (Mogul Energy International, Inc.), Concession Agreement (Dover Petroleum Inc)
RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR and/or Operating Company shall prepare and, at all times while this Agreement is in force, maintain accurate and current records of its operations in the Area. CONTRACTOR and/or Operating Company shall furnish the GOVERNMENT or its representative, in conformity with applicable regulations or as the GOVERNMENT or its representative, in accordance with sound and accepted Petroleum industry practices, representative may reasonably require information and data concerning its operations under this Agreement. Operating Company will perform the functions indicated in this Article XIV in accordance with its respective role as specified in Article VI.
(b) CONTRACTOR and/or Operating Company shall save and keep for a reasonable period of time a representative portion of each sample of cores and cuttings taken from drilling xxxxx, to be disposed of, or forwarded to the GOVERNMENT or its representative in the manner directed by the GOVERNMENT. All samples acquired by CONTRACTOR and/or Operating Company for their own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT or its representatives.
(c) Unless otherwise agreed to by EGPC, in case of exporting any rock samples outside the A.R.E., samples equivalent in size and quality shall, before such exportation, be delivered to EGPC as representative of the GOVERNMENT.
(d) Originals of records can only be exported with the permission of EGPC; provided, however, that magnetic tapes and any other data which must be processed or analyzed outside the
A. R.E. the A.R.E. may be exported if a monitor or a comparable record, if available, is maintained in the A.R.E. and provided that such exports shall be repatriated to the A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPC.
(e) During the period CONTRACTOR is conducting the Exploration operations, EGPC's duly authorized representatives or employees shall have the right to full and complete access to the Area at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTOR. EGPC's representative, in exercising its rights under the preceding sentence of this paragraph (e), shall not interfere with CONTRACTOR's operations. CONTRACTOR shall provide EGPC with copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveys) information and interpretation of such data, and other information in CONTRACTOR's possession. For the purpose of obtaining new offers or carrying out regional studies, the GOVERNMENT and/or EGPC shall after the end of the first Exploration period, show any other party non-interpreted basic geophysical and geological data with respect to the original Area unless CONTRACTOR agrees to a shorter period.
Appears in 1 contract
Samples: Concession Agreement (Transatlantic Petroleum Corp)
RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR and/or Joint Venture Operating Company shall prepare and, at all times while this Agreement is in force, maintain accurate and current records of its operations in the Area. CONTRACTOR and/or Joint Venture Operating Company shall furnish the GOVERNMENT or its representative, in conformity with applicable regulations or as the GOVERNMENT or its representative, in accordance with sound and accepted Petroleum petroleum industry practices, may require information and data concerning its operations under this Agreement. joint venture joint venture Operating Company will perform the functions indicated in this Article XIV in accordance with its role as specified in Article VI.
(b) CONTRACTOR and/or joint venture Operating Company shall save and keep for a reasonable period of time a representative portion of each sample of cores and cuttings taken from drilling xxxxx, to be disposed of, or forwarded to the GOVERNMENT or its representative in the manner directed by the GOVERNMENT. All samples acquired by CONTRACTOR and/or Joint venture Operating Company for their own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT or its representatives.
(c) Unless otherwise agreed to by EGPCGANOPE, in case of exporting any rock samples outside A.R.E., samples equivalent in size and quality shallshall be, before such exportation, be delivered to EGPC GANOPE as representative of the GOVERNMENT.
(d) Originals of records can only be exported with the permission of EGPCGANOPE; provided, however, that magnetic tapes and any other data which must be processed or analyzed outside the
A. R.E. the A.R.E. may be exported if a monitor or a comparable record, if available, is maintained in the A.R.E. and provided that such exports shall be repatriated to A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPCGANOPE.
(e) During the period CONTRACTOR is conducting the Exploration operations, EGPCGANOPE's duly authorized representatives or employees shall have the right to full and complete access to the Area at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTOR. EGPCGANOPE's representative, in exercising its rights under the preceding sentence of this paragraph (e), shall not interfere with CONTRACTOR's operations. CONTRACTOR shall provide EGPC GANOPE with copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveys) information and interpretation of such data, and other information in CONTRACTOR's possession. For the purpose of obtaining new offers or carrying out regional studies, the GOVERNMENT and/or EGPC GANOPE shall after the end of the first Exploration period, show any other party non-interpreted basic geophysical and geological data with respect to the original Area unless CONTRACTOR agrees to a shorter period.
Appears in 1 contract
Samples: Concession Agreement
RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR CRESSET and/or Operating Company shall prepare and, and at all times while this Agreement is in force, maintain accurate and current records of its operations in the AreaAreas hereunder. CONTRACTOR CRESSET and/or Operating Company operating company shall furnish the GOVERNMENT Government or its representative, in conformity with applicable regulations or as the GOVERNMENT die Government or its representative, in accordance with sound and accepted Petroleum industry practices, representative may reasonably require information and data concerning its operations under this Agreement. Operating Company The operating company will perform the functions indicated in this Article XIV XIII in accordance with its role their respective rules as specified in Article VIunder this Agreement.
(b) CONTRACTOR CRESSET and/or Operating Company shall save and keep for a reasonable period of time a representative portion of each sample of cores and cuttings taken from drilling xxxxxborings and excavations, to be disposed of, or forwarded to the GOVERNMENT government or its representative in the manner directed by the GOVERNMENTGovernment. All samples and related analyses acquired by CONTRACTOR CRESSET and/or Operating Company for their its own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT Government or its representatives.
representative. Any such samples which CRESSET has kept for a period of twelve (c12) Unless otherwise agreed months without receipt of instructions to forward them to the Government or its representatives or elsewhere, may be disposed of by EGPC, in case of exporting any rock CRESSET at samples outside A.R.E., A.R.E. samples equivalent in size and quality shall, before such exportation, be delivered to EGPC as representative EGSMA or retained for the benefit of EGSMA at the GOVERNMENTsite of activities hereunder.
(d) Originals of records can only be exported with the permission of EGPC; EGSMA provided, however, that magnetic tapes such records and any other data which must be processed or analyzed outside the
A. R.E. the A.R.E. may be exported if a monitor comparable data or a comparable record, if available, is maintained in the A.R.E. and provided that such exports shall be repatriated to A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPCimmediately upon EGSMA'S request.
(e) During the period CONTRACTOR CRESSET is conducting the Exploration exploration operations, EGPC's EGSMA through. EGSMA'S duly authorized representatives or employees shall have the right to have full and complete access to the Area Areas at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTORCRESSET. EGPC's EGSMA'S representative, in exercising its rights under the preceding sentence of this paragraph (e)paragraph, shall not interfere with CONTRACTOR's CRESSET operations. CONTRACTOR CRESSET shall provide EGPC with make available to EGSMA copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveysmaps) information in CRESSET possession which relate to the Areas. All this data shall be strictly confidential and interpretation shall not be divulged by EGSMA without the written consent of such dataCRESSET while this Agreement is in force.
(f) EGSMA shall make available to CRESSET copies of any and all data (including, but not limited to, geological, geophysical reports, bore holes, logs and other information naps) in CONTRACTOR's possessionEGSMA'S possession which relates to the Areas. For Such data shall be kept confidential.
(g) AGSM and CRESSET shall at all times co-operate fully and use their best efforts to acquire for their mutual benefit any data which relates to the purpose of obtaining new offers or carrying out regional studies, the GOVERNMENT and/or EGPC shall after the end of the first Exploration period, show Areas in possession from any other party non-interpreted basic geophysical and geological data with respect to the original Area unless CONTRACTOR agrees to a shorter periodperson or entity.
Appears in 1 contract
RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR and/or Operating Company shall prepare and, at all times while this Agreement is in force, maintain accurate and current records of its operations in the Area. CONTRACTOR and/or Operating Company shall furnish the GOVERNMENT or its representative, in conformity with applicable regulations or as the GOVERNMENT or its representativerepresentative may, in accordance with sound and accepted Petroleum industry practices, may require information and data concerning its operations under this Agreement. Operating Company will perform the functions indicated in this Article XIV XIII in accordance with its role as specified in Article VI.V.
(b) CONTRACTOR and/or Operating Company shall save and keep for a reasonable period of time a representative portion of each sample of cores and cuttings taken from drilling xxxxxwxxxx, to be disposed of, or forwarded to the GOVERNMENT or its representative in the manner directed by the GOVERNMENT. All samples acquired by CONTRACTOR and/or Operating Company for their own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT or its representatives.
(c) Unless otherwise agreed to by EGPC, in case of exporting any rock samples outside A.R.E., samples equivalent in size and quality shall, before such exportation, be delivered to EGPC as representative of the GOVERNMENT.
(d) Originals of records can only be exported with the permission of EGPC; provided, however, that magnetic tapes and any other data which must be processed or analyzed outside the
A. R.E. the A.R.E. may be exported if a monitor or a comparable record, if available, is maintained in the A.R.E. and provided that such exports shall be repatriated to A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPC.
(e) During the period CONTRACTOR is conducting the Exploration operations, EGPC's duly authorized representatives or employees shall have the right to full and complete access to the Area at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTOR. EGPC's representative, in exercising its rights under the preceding sentence of this paragraph (e), shall not interfere with CONTRACTOR's operations. CONTRACTOR shall provide EGPC with copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveys) information and interpretation of such data, and other information in CONTRACTOR's possession. For the purpose of obtaining new offers or carrying out regional studies, the GOVERNMENT and/or EGPC shall after the end of the first Exploration period, show any other party non-interpreted basic geophysical and geological data with respect to the original Area unless CONTRACTOR agrees to a shorter period.
Appears in 1 contract
RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR and/or Operating the Joint Venture Company shall prepare andand keep, at all times while this Agreement is in force, maintain accurate and current records of its their operations in the Area. CONTRACTOR and/or Operating the Joint Venture Company shall annually furnish the GOVERNMENT or its representativerepresentatives, in conformity with applicable regulations or as the GOVERNMENT or its representative, in accordance with sound and accepted representatives may require based on good Petroleum industry practicespractice, may require with a detailed report includes all technical data and information and data their interpretations, if any, concerning its their operations under this AgreementAgreement which were collected within the Year. Operating The Joint Venture Company will shall perform the functions indicated in this Article XIV in accordance with its role as specified in Article VI.
(b) CONTRACTOR and/or Operating the Joint Venture Company shall save and keep for a reasonable period of time a representative portion of presents each sample of cores and cuttings taken from drilling xxxxx, to be disposed of, or forwarded to the GOVERNMENT or its representative representatives in the manner directed by the GOVERNMENT. All samples acquired by CONTRACTOR and/or Operating the Joint Venture Company for their own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT or its representatives.
(c) Unless otherwise agreed to by EGPCEGAS, in case of exporting any rock samples outside the A.R.E., samples equivalent in size and quality shall, before such exportation, be delivered to EGPC EGAS as representative of the GOVERNMENT.
(d) Originals of records can shall only be exported with the permission of EGPCEGAS; providedexporting such data shall be by transferring it digitally, howeverthrough EUG, for the purpose mentioned in this paragraph, if possible, provided that magnetic tapes and any other data which must be processed or analyzed outside the
A. R.E. may be exported if a monitor or a comparable record, if available, record is maintained in EUG in the A.R.E. and provided that such exports shall be repatriated to A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPCEGAS.
(e) During the period in which CONTRACTOR is conducting the Exploration operations, EGPCEGAS's duly authorized representatives or employees shall have the right to full and complete access to the Area at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTOR. EGPCEGAS's representativerepresentatives or employees, in exercising its their rights under the preceding sentence of this paragraph (e), shall not interfere with cause any harm to CONTRACTOR's operations. CONTRACTOR shall provide EGPC EGAS, through EUG, with copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveys) also all information and interpretation of such data, data and other information which is in CONTRACTOR's possession. For the purpose of obtaining new offers or carrying out regional studies, the GOVERNMENT and/or EGPC shall after the end of the first EGAS shall, through EUG, during Exploration periodand Development Period, show any third party geophysical, geological data, information and other party non-interpreted basic geophysical technical data or CONTRACTOR's reports and geological data interpretations with respect to the original Area part or parts adjacent to the proposed area in the new offers, upon notifying CONTRACTOR and provided that three (3) years has passed such data, unless CONTRACTOR agrees to a shorter period. CONTRACTOR shall also have the right to show any third party the data of the Area (subject to EGAS's approval) in case CONTRACTOR desires to of assign in accordance to Article XXI.
Appears in 1 contract
Samples: Concession Agreement
RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR and/or Operating Company shall prepare and, at all times while this Agreement is in force, maintain accurate and current records of its operations in the Area. CONTRACTOR and/or Operating Company shall furnish the GOVERNMENT or its representativerepresentative on annual basis, in conformity with applicable regulations or as the GOVERNMENT or its representative, and in accordance with sound and accepted Petroleum industry practicespractices a detailed report of all data , may require technical information and data interpretations collected during the year, concerning its operations under this Agreement. Operating Company will perform the functions indicated in this Article XIV in accordance with its role as specified in Article VI.
(b) CONTRACTOR and/or Operating Company shall save and keep for a reasonable period of time a representative portion of each sample of cores and cuttings taken from drilling xxxxx, to be disposed of, or forwarded to the GOVERNMENT or its representative in the manner directed by the GOVERNMENT. All samples acquired by CONTRACTOR and/or Operating Company for their own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT or its representatives.
(c) (Unless otherwise agreed to by EGPC), in case of exporting any rock samples outside A.R.E., samples equivalent in size and quality shall, before such exportation, be delivered to EGPC as representative of the GOVERNMENT.
(d) Originals of records can only be exported with the permission of EGPC; providedexporting such data shall be by transferring it digitally, howeverthrough EUG , for the purpose mentioned in this paragraph, if possible, provided that magnetic tapes and any other data which must be processed or analyzed outside the
A. R.E. may be exported if a monitor or a comparable record, if available, record is maintained in EUG in the A.R.E. A.R.E., and provided that such exports shall be repatriated to A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPC.
(e) During the period CONTRACTOR is conducting the Exploration operations, EGPC's duly authorized representatives or employees shall have the right to full and complete access to the Area at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTOR. EGPC's representative, in exercising its rights under the preceding sentence of this paragraph (e), shall not interfere with CONTRACTOR's operations. CONTRACTOR shall provide EGPC EGPC, through EUG, with copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveys) information and interpretation of such data, and other information in CONTRACTOR's possession. For the purpose of obtaining new offers or carrying out regional studies, the GOVERNMENT and/or EGPC shall after the end of the first shall, through EUG during Exploration and Development period, show any third party geophysical, geological data, information and other party non-interpreted basic geophysical technical data or CONTRACTOR's reports and geological data interpretations, with respect to the original Area part or parts adjacent to the proposed area in the new offers, upon notifying CONTRACTOR, and provided that three (3) years have passed such data, unless CONTRACTOR agrees to a shorter period. CONTRACTOR shall also have the right to show any third party the data relevant to the Area in case of assignment (subject to EGPC's approval), in case CONTRACTOR desires to assign in accordance with Article XXI.
Appears in 1 contract
Samples: Concession Agreement
RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR and/or Operating Company shall prepare and, at all times while this Agreement is in force, maintain accurate and current records of its operations in the Area. CONTRACTOR and/or Operating Company shall furnish the GOVERNMENT or its representative, in conformity with applicable regulations or as the GOVERNMENT or its representative, in accordance with sound and accepted Petroleum industry practices, representative may reasonably require information and data concerning its operations under this Agreement. Operating Company will perform the functions indicated in this Article XIV in accordance with its role as specified in Article VI.
(b) CONTRACTOR and/or Operating Company shall save and keep for a reasonable period of time a representative portion of each sample of cores and cuttings taken from drilling xxxxx, to be disposed of, or forwarded to the GOVERNMENT or its representative in the manner directed by the GOVERNMENT. All samples acquired by CONTRACTOR and/or Operating Company for their own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT or its representatives.
(c) Unless otherwise agreed to by EGPC, in case of exporting any rock samples outside A.R.E., samples equivalent in size and quality shall, before such exportation, be delivered to EGPC as representative of the GOVERNMENT.
(d) Originals of records can only be exported with the permission of EGPC; provided, however, that magnetic tapes and any other data which must be processed or analyzed outside the
A. R.E. the A.R.E. may be exported if a monitor or a comparable record, if available, is maintained in the A.R.E. and provided that such exports shall be repatriated to A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPC.
(e) During the period CONTRACTOR is conducting the Exploration operations, EGPC's duly authorized representatives or employees shall have the right to full and complete access to the Area at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTOR. EGPC's representative, in exercising its rights under the preceding sentence of this paragraph (e), shall not interfere with CONTRACTOR's operations. CONTRACTOR shall provide EGPC with copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveys) information and interpretation of such data, and other information in CONTRACTOR's possession. For the purpose of obtaining new offers or carrying out regional studiesoffers, the GOVERNMENT and/or EGPC shall may, after the end ------------------ (----------) year of the first Exploration periodperiod or the date of termination of this Agreement, whichever is the earlier, show any other party non-interpreted uninterpreted basic geophysical and geological data with respect (such data to the original Area be not less than one (1) year old unless CONTRACTOR agrees to a shorter period, which agreement shall not be unreasonably withheld) with respect to the Area, provided that the GOVERNMENT and/or EGPC may at any time show another party such data directly obtained over or acquired from those parts of the Area which CONTRACTOR has relinquished as long as such data is at least one (1) year old.
Appears in 1 contract
Samples: Concession Agreement
RECORDS, REPORTS AND INSPECTION. (a) CONTRACTOR and/or Operating the Joint Venture Company shall prepare andand keep, at all times while this Agreement is in force, maintain accurate and current records of its their operations in the Area. CONTRACTOR and/or Operating the Joint Venture Company shall furnish the GOVERNMENT or its representativerepresentatives, in conformity with applicable regulations or as the GOVERNMENT or its representative, in accordance with sound and accepted representatives may require based on good Petroleum industry practicespractice, may require information and data concerning its their operations under this Agreement. Operating The Joint Venture Company will shall perform the functions indicated in this Article XIV in accordance with its role as specified in Article VI.
(b) CONTRACTOR and/or Operating the Joint Venture Company shall save and keep for a reasonable period of time a representative portion of presents each sample of cores and cuttings taken from drilling xxxxx, to be disposed of, or forwarded to the GOVERNMENT or its representative representatives in the manner directed by the GOVERNMENT. All samples acquired by CONTRACTOR and/or Operating the Joint Venture Company for their own purposes shall be considered available for inspection at any reasonable time by the GOVERNMENT or its representatives.
(c) Unless otherwise agreed to by EGPCEGAS, in case of exporting any rock samples outside the A.R.E., samples equivalent in size and quality shall, before such exportation, be delivered to EGPC EGAS as representative of the GOVERNMENT.
(d) Originals of records can shall only be exported with the permission of EGPCEGAS; provided, however, that magnetic tapes and any other data which must be processed or analyzed outside the
A. R.E. the A.R.E. may be exported if a monitor or a comparable record, if available, is maintained in the A.R.E. A.R.E.; and provided that such exports shall be promptly repatriated to the A.R.E. promptly following such processing or analysis on the understanding that they belong to EGPCEGAS.
(e) During the period in which CONTRACTOR is conducting the Exploration operations, EGPC's EGAS' duly authorized representatives or employees shall have the right to full and complete access to the Area at all reasonable times with the right to observe the operations being conducted and to inspect all assets, records and data kept by CONTRACTOR. EGPC's representativeEGAS' representatives or employees, in exercising its their rights under the preceding sentence of this paragraph (e), shall not interfere with cause any harm to CONTRACTOR's operations. CONTRACTOR shall provide EGPC EGAS with copies of any and all data (including, but not limited to, geological and geophysical reports, logs and well surveys) ), information and interpretation of such data, and other relevant information in CONTRACTOR's possession. During the period in which CONTRACTOR conducts the Exploration operations, CONTRACTOR shall furnish EGAS with monthly, quarterly, semi-annual and annual technical status reports. For the purpose of obtaining new offers or carrying out regional studiesoffers, the GOVERNMENT and/or EGPC shall after EGAS may at the end of the first any Exploration period, as it may be extended pursuant to the provisions of Article V above, or at the date of termination of this Agreement, whichever is earlier, show any other party non-interpreted basic geophysical and geological data with respect to the original Area unless area which CONTRACTOR agrees to a shorter periodhas relinquished.
(f) During the Development Period in any granted Development Lease of Oil or Gas, which shall be started upon the issuance of the Development Lease until the field is fully developed, for the purpose of obtaining new offers for adjoining areas, the GOVERNMENT and/or EGAS can show or use any other party geophysical and geological implemented in the area provided such data is at least three (3) Years old, as well as the Commercial Production should be started in accordance with the production commencement date as agreed in this Development Lease.
Appears in 1 contract
Samples: Concession Agreement