Work Obligations. 3.1 No later than January 15, 2005 Syntroleum and YFP shall agree upon the selection of the International Operator, or Syntroleum shall commit to drill the Initial Well without the presence of the International Operator. By February 15, 2005 YFP, Syntroleum and the International Operator, if any, shall agree and execute the Agreements not previously executed and YFP shall file the Deed of Assignment as provided in Section 2.5.2. The Technical Services Agreement shall provide that the Technical Advisor shall render assistance to YFP in the conduct of petroleum operations associated with the OML 113 Lease in accordance with the Joint Operating Agreement. Subject to the provisions below Syntroleum will commence or cause to be commenced the drilling of the Initial Well by February 15, 2006. If the Approval Date is a date in excess of ninety (90) days from the date that YFP files the Deed of Assignment, the February 15, 2006 date to commence the drilling of the Initial Well shall be extended by a period of time equal to the number of days in excess of ninety (90) days between the filing of the Deed of Assignment by YFP and the Approval Date. In addition, the obligation of Syntroleum to commence or cause to be commenced the drilling of the Initial Well may be extended by reasons of Force Majeure, Rig Unavailability or Governmental Delay. Syntroleum may at any time after the completion of the drilling of the Initial Well determine to terminate its participation in the OML 113 Lease and in the event it so elects, shall reassign and re-convey the Assigned Interests to YFP at no cost to YFP.
3.2 Subject to the provisions of Section 3.1 above, within twelve months of the plugging and abandonment or temporary abandonment of the Initial Well, Syntroleum will commence or cause to be commenced the drilling of the Second Well. The obligation of Syntroleum to commence or cause to be commenced the drilling of the Second Well may be extended by reasons of Force Majeure, Rig Unavailability or Governmental Delay. If the Declaration of Commerciality is delivered by Syntroleum after the completion of the drilling of the Initial Well, then Syntroleum will drill a Second Well at a location outside of the boundaries of the Aje Field to be selected by Syntroleum in order to test a geological structure within the OML 113 Lease other than the Aje Field. In the event that Syntroleum does not deliver to YFP a Declaration of Commerciality after the Initial Well the location of the Second...
Work Obligations. Subject to the provisions of this Agreement, all employees shall be engaged on a weekly basis (full time or part time) or on a casual basis.
Work Obligations. 1. Howard shall make himself xxxxxxble to work for ITN for up to 20 hours a month and shall perform such services as may be required by ITN. Such services shall include, but shall not be limited to, cooperation with ITN in any company investigation, in the prosecution or defense of any lawsuit, and in any other matter. The time spent by Howard cooperating with ITX xxxxl be credited toward Howard's 20-hour per month xxxxxxxment.
2. Howard may seek other emplxxxxxx provided that such activities do not materially interfere with his services to ITN or create any conflict of interest. Howard shall not be requirxx xx offset any income earned from other employment against monies payable under this Revised Agreement.
3. To the extent Howard's 20-hour per month xxxxxxxment is not fully used by ITN, the unused hours shall accumulate and may be used by ITN in later months, up until March 31, 2003, except that in no instance shall Howard be obligated to proxxxx xore than 40 hours per month of services to ITN.
Work Obligations. In respect of any Work Obligations which are to be carried out following the procedures laid down in clause 9.9.1 or 9.9.2 the Operator will include the carrying out of such Work Obligations in the relevant exploration Programme and Budget and, notwithstanding the foregoing provisions of this clause 10, such Programme and Budget and any AFE shall, to the extent that they relate to the carrying out of such Work Obligations and unless in either case the Joint Operating Committee otherwise decides within twenty-eight (28) days of their submission to the Participants, be deemed to be approved by the Joint Operating Committee.
Work Obligations. The Contractor shall have no further work obligations other than those set forth in the Joint Concession which shall provide exclusively that:
Work Obligations. The Concessionaire shall carry out the Work in accordance with the Governing Requirements and the provisions of this Article 7. The Concessionaire will commence the OMM Work on the OMM Commencement Date and will commence the DDB Work on the dates set out in Schedule 7.12.
Work Obligations. The Employee’s regular working hours, special leave and leaves of absence shall follow the Employer’s regulations and general policies. During the employment, the Employee shall not have a concurrent employment with a third party or accept payment or compensations from a third party without obtaining a prior written consent from the Employer. The Employee shall abide by the Employer’s regulations and rules, follow work instructions, and maintain safety and sanitation of his/her own and the work place.
Work Obligations. The exploration period shall be for a period of five (5) years, unless extended as provided for in Article 3.3 hereof.
7.1.1 The COMPANY shall carry out the following Work Obligations during the Initial Term and in subsequent extensions, in the event the COMPANY elect to proceed therewith:
a) Purchase from First Exchange Corporation, on behalf of PETROGUIN kms of data at $_ _ per km.
b) During Phase I of twenty four (24) months the work programme will be: Detailed 3D seismic survey covering an area of no less than sq kms. For the purpose of clause 7.1.3 the total minimum expenditure shall be US$ million.
c) Xxxxxx Xxxxx 0 part 1 of eighteen (18) months, the work programme shall be: The drilling of one exploration well to be completed before the end of Phase 2 part 1. For the purpose of clause 7.1.3 the total minimum expenditure shall be US$ million.
d) Xxxxxx Xxxxx 0 part 2 of eighteen (1 8) months, the work programme shall be the drilling of one exploration well to be completed before the end of Phase 2 part 2. For the purpose of clause 7.1.3 the total minimum expenditure shall be US$ million.
e) To ensure the fulfilment of the expenditures of 7.1.1b), 7.1.1c), 7.1.1d) a bank guarantee from major financial institution must be presented and accepted by PETROGUIN. The COMPANY shall have the right at the end of Phase 1 and each part of Phase 2 either to commit to the following Phase or Parts thereof or to terminate the Agreements. Such option shall be exercised by thirty (30) days written notice.
7.1.2 A well shall be deemed to have been drilled provided that it has been drilled to the depth specified in the drilling programme and all prospective horizons have been tested, provided, however, that if the well is abandoned or completed by the Parties for good cause without such programme having been carried out in full, they shall nevertheless be deemed to have fulfilled the Work Obligations. Abandonment due to technical problems such as, but not limited to, water flow, high pressure, heaving shale or other technical circumstances which, in the COMPANY's opinion, would render further drilling impossible or impracticable shall be considered good cause. The COMPANY shall make all reasonable efforts to complete any well to the specified depth in accordance with good oil and gas field practice.
7.1.3 In the event the COMPANY does not perform the Work Obligations under this Agreement they shall at the end of that period pay to the Government the difference between ...
Work Obligations. Company shall be obligated during this Agreement to:
a) Conduct activities as a prudent operator in accordance with Section 6.2.
b) Perform geologic test work or other qualifying activities of a minimum of $C25,000 per year, or such levels as required to meet Saskatchewan statutes to maintain Property in good standing, and to be completed, or bonded for completion during the following season,by December 30th of each year
Work Obligations. 6.1 The Contractor must commence the Petroleum Operations as of the Effective Date of the present Contract. To that end, the Contractor shall inform the Minister of the nominal composition of the team responsible for the conduct and execution of the Contract in Benin as well as the main terms of its agreement with its partner or partners.
6.2 During the initial Phase of the exploration period of three (3) years, the Contractor shall undertake to do the following tasks: - Acquisition of 3000 km of 2D seismic lines. - Reprocessing of 600 km of seismic lines(optional). - Propose a drilling program to the Government.
6.3 During the first extension phase of two (2) years, the Contractor must at least perform the following: - Acquire fifteen hundred (1500) km of seismic or their 3D seismic equivalent; - Drilling of a well to a depth of 3500m TVD (true vertical depth)
6.4 During the second extension of the initial phase of the exploration period, the Contractor must at least complete the following tasks: - Acquisition of 1000 km of 2D seismic lines . - Drilling of a well at a depth of 3500m TVD (True vertical depth)
6.5 Any Exploration Well drilled must at least be drilled to one of the following depths:
(a) A geologic formation of lower Cretaceous age:
(b) The basement;
(c) Three thousand five hundred (3500) m TVD (True Vertical Depth)
(d) a depth below which any additional drilling becomes impracticable and would not be carried out by a prudent and reasonable operator in identical or similar conditions according to the Good Operating Practices of the Oil Industry.
(e) at any other depth defined by the Parties by mutual agreement.
6.6 If during a phase of the exploration period the Contractor undertakes tasks which exceed the minimum work obligations relating to this phase, the excess shall be deducted from the work obligations of the following phase.
6.7 The difficulties which shall occur during the implementation of the provisions of this Article shall first be settled in accordance with the provisions of Articles 8.2.2 and 9.9.
