Common use of Submission of Annual Work Program Clause in Contracts

Submission of Annual Work Program. No later than ninety (90) days prior to the beginning of each Calendar Year, or for the first Calendar Year no later than sixty (60) days after the Effective Date, the Contractor shall prepare and submit for approval by the Ministry a detailed and itemized Annual Work Program divided into Quarters, along with the corresponding Annual Budget for the Contract Area setting forth the Petroleum Operations the Contractor proposes to carry out during such Calendar Year. The Annual Budget shall be presented in the official format of the Ministry.

Appears in 7 contracts

Samples: Production Sharing Contract (Kosmos Energy Ltd.), Production Sharing Contract (Kosmos Energy Ltd.), Production Sharing Contract (Kosmos Energy Ltd.)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!