Common use of Second Additional Exploration Period Clause in Contracts

Second Additional Exploration Period. Subject to this Article 4.4, the Contractor may request, by written notice to the CNH with at least sixty (60) Days prior to the termination of the First Additional Exploration Period, an extension of the Exploration Period for three (3) additional Years (the “Second Additional Exploration Period”). The Contractor may request such extension only if it: (i) has fully complied with the Work Units required for the First Additional Exploration Period, and (ii) agrees to perform additional Work Units, equivalent to one (1) or two (2) Xxxxx during the Second Additional Exploration Period in accordance with Article 7.1 and Annex

Second Additional Exploration Period. Subject to this Article 4.4, the Contractor may request, by written notice to the CNH with at least sixty (60) Days prior to the end of the First Additional Exploration Period, the Contractor may request an extension of the First Additional Exploration Period for one additional Contract Year following the termination of the First Additional Exploration Period, an extension of the Exploration Period for three (3) additional Years (the “Second Additional Exploration Period”). The Contractor may request such extension only if it: (i) has fully complied with drilled and completed the Work Units additional Well required for the First Additional Exploration PeriodPeriod pursuant to Article 4.3, and (ii) agrees to perform additional Work Units, equivalent to one (1) or two (2) Xxxxx during the Second Additional Exploration Period in accordance with Article 7.1 and Annexand

Second Additional Exploration Period. Subject to this Article 4.4, the Contractor may request, by written notice to the CNH with at least sixty (60) Days prior to the termination of the First Additional Exploration Period, an extension of the Exploration Period for three (3) additional Years (the “Second Additional Exploration Period”). The Contractor may request such extension only if it: (i) has fully complied with the Work Units required for the First Additional Exploration Period, and (ii) agrees to perform additional Work Units, equivalent to one (1) or two (2) Xxxxx during the Second Additional Exploration Period in accordance with Article 7.1 and Annex;

Second Additional Exploration Period. Subject to this Article 4.4, the Contractor may request, by written notice to the CNH with at least sixty (60) Days prior to the termination of the First Additional Exploration Period, an extension of the Exploration Period for three (3) additional Years (the “Second Additional Exploration Period”). The Contractor may request such extension only if it: (i) has fully complied with the Work Units required for the First Additional Exploration Period, ; and (ii) agrees to perform additional Work Units, equivalent to one (1) or two (2) Xxxxx exploratory Well during the Second Additional Exploration Period in accordance with Article 7.1 and Annex