Common use of Work Programme Clause in Contracts

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 During the currency of the first Exploration Phase, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Xxxxx shall be drilled to at least one of the following depths : i) metres and (geological objective); ii) to Basement; and iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.3 During the currency of the second Exploration Phase, as per Article 3.3, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Xxxxx shall be drilled to at least one of the following depths : (i) metres and (geological objective); (ii) to Basement; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.4 During the currency of the third Exploration Phase, as per Article 3.4, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Exploration Xxxxx shall be drilled to at least one of the following depths : i) metres and (geological objective); ii) to Basement; and iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.5 The actual depth objective for each of the Xxxxx shall be determined by the Contractor in the light of the advice of the Management Committee before the commencement of the drilling. Each Well which reaches the geological objective for which the depth objective was determined shall be deemed to have been drilled to the depth objective or to actual total depth, whichever is greater. The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.6 If the depth/geological objective of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2, 5.3 and 5.4, as the case may be. 5.7 Subject to Article 31, the Contractor undertakes to complete the Minimum Work Programme in accordance with Articles 5.2, 5.3, 5.4 and 5.6, as the case may be. In the event that the Contractor fails to fulfill the said Minimum Work Programme by the end of the relevant Exploration Phase or early termination of the Contract by the Government for any reason whatsoever, each Company constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the relevant Exploration Phase or early termination of the Contract, as may be the case, its Participating Interest share for an amount which, when evaluated in terms of the Minimum Work Programme specified for the relevant Phase, is equal to the amount which would be required to complete the said Minimum Work Programme. For determination of this amount, available relevant information including the Budget and modern oilfield and petroleum industry practices may be taken into account. 5.8 If the Minimum Work Programme for the third Exploration Phase has been completed earlier than eighteen months from the end of the Phase, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.9 In the event that the Contractor has carried out work in excess of the Minimum Work Programme in any Exploration Phase, the excess exploration work done shall be set off against the Minimum Work Programme for the following Exploration Phase. 5.10 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following Year, the Contractor shall submit to the Management Committee the Work Programmes and the Budgets relating to Petroleum Operations to be carried out during the relevant Year. Work Programme and Budgets for the Exploration Period shall include work sufficient to meet the relevant Minimum Work Programme with respect to each Exploration Phase specified in this Article 5. 5.11 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.10. 5.12 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article 6.5.

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 During the currency of the first Exploration Phase, as per Article 3.2, the Contractor shall complete the following Work Programme: (a) a (i) A seismic programme consisting of the acquisition, processing and interpretation of line kilometres of 2D and/or 448 sq. kms. of 3D seismic data in relation to the exploration objectives; and (ii) Reprocessing of 650 LKM of 2 D seismic; (iii) Geochemical survey of 500 samples; and (iv) Technical Assessment and Geological Modeling (b) Fourteen (14) Exploration Xxxxx Wxxxx shall be drilled to at least one of the following depths : (i) metres and Six (geological objective);6) wxxxx – 1500 m. each, Three (3) wxxxx – 2000 m. each, Five (5) wxxxx – 2500 m. each, (ii) to Basement; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, Contractor would require unanimous approval of the Management Committee. 5.3 During the currency of the second Exploration Phase, as per Article 3.3, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing Technical Assessment and interpretation of line kilometres of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; andGeological Modeling (b) Four (4) Exploration Xxxxx Wxxxx shall be drilled to at least one of the following depths depths: (i) metres and Two (geological objective);2) wxxxx – 2500 m. each, Two (2) wxxxx – 3500 m. each, (ii) to Basement; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.4 During the currency of the third Exploration Phase, as per Article 3.4, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing Technical Assessment and interpretation of line kilometres of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; andGeological Modeling (b) Six (6) Exploration Xxxxx Wxxxx shall be drilled to at least one of the following depths depths: (i) metres and Three (geological objective); ii3) to Basement; and iiiwxxxx – 2500 m. each, Three (3) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.5 The actual depth objective for each of the Xxxxx shall be determined by the Contractor in the light of the advice of the Management Committee before the commencement of the drilling. Each Well which reaches the geological objective for which the depth objective was determined shall be deemed to have been drilled to the depth objective or to actual total depth, whichever is greater. The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.6 If the depth/geological objective of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2, 5.3 and 5.4, as the case may be. 5.7 Subject to Article 31, the Contractor undertakes to complete the Minimum Work Programme in accordance with Articles 5.2, 5.3, 5.4 and 5.6, as the case may be. In the event that the Contractor fails to fulfill the said Minimum Work Programme by the end of the relevant Exploration Phase or early termination of the Contract by the Government for any reason whatsoever, each Company constituting the Contractor shall pay to the Government, within sixty (60) days following the end of the relevant Exploration Phase or early termination of the Contract, as may be the case, its Participating Interest share for an amount which, when evaluated in terms of the Minimum Work Programme specified for the relevant Phase, is equal to the amount which would be required to complete the said Minimum Work Programme. For determination of this amount, available relevant information including the Budget and modern oilfield and petroleum industry practices may be taken into account. 5.8 If the Minimum Work Programme for the third Exploration Phase has been completed earlier than eighteen months from the end of the Phase, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.9 In the event that the Contractor has carried out work in excess of the Minimum Work Programme in any Exploration Phase, the excess exploration work done shall be set off against the Minimum Work Programme for the following Exploration Phase. 5.10 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following Year, the Contractor shall submit to the Management Committee the Work Programmes and the Budgets relating to Petroleum Operations to be carried out during the relevant Year. Work Programme and Budgets for the Exploration Period shall include work sufficient to meet the relevant Minimum Work Programme with respect to each Exploration Phase specified in this Article 5. 5.11 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.10. 5.12 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article 6.5.wxxxx – 3500 m. each,

Work Programme. 5.1 The Contractor shall commence Petroleum Operations not later than six (6) months from the Effective Date. 5.2 During the currency of the first Exploration Phase, as per Article 3.2, the Contractor shall complete the following Work Programme: (ai) a seismic programme consisting Gravity Magnetic Survey (API) of the acquisition, processing and interpretation of line kilometres of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and2500 Stations; (bii) Exploration Xxxxx shall be drilled to at least one Aero Magnetic Survey (API) of the following depths : i) metres and (geological objective)12000 LKM; ii) to Basement; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered Geochemical Survey of 500 samples; (iv) Technical Assessment and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee.Geological Modeling 5.3 During the currency of the second Exploration Phase, as per Article 3.3, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing procession and interpretation of 500 line kilometres kilometers of 2D and/or sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) One (1) Exploration Xxxxx Well shall be e drilled to at least one of the following depths depths: (i) metres and (geological objective)1500 meter or 500 meter into sediment below Deccan Traps; (ii) to Basement; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.4 During the currency of the third Exploration Phase, as per Article 3.4, the Contractor shall complete the following Work Programme: (a) a seismic programme consisting of the acquisition, processing procession and interpretation of line kilometres of 2D and/or 250 sq. kms. of 3D seismic data in relation to the exploration objectives; and (b) Two (2) Exploration Xxxxx shall be drilled Wxxxx to at least one of the following depths depths: (i) metres and One (geological objective);1) well – 2000 meters One (1) well – 2500 meters (ii) to Basement; and (iii) that point below which further drilling becomes impracticable due to geological conditions encountered and drilling would be abandoned by a reasonable prudent operator in the same or similar circumstances. Abandonment of drilling under this provision by the Contractor, would require unanimous approval of the Management Committee. 5.5 The Subject to Article 5.7, the actual depth objective for each of the Xxxxx Wxxxx shall be determined by the Contractor in the light of the advice of the Management Committee before the commencement of the drilling. Each Well which reaches the geological objective for which the depth objective was determined shall be deemed to have been drilled to the depth objective or to actual total depth, whichever is greater. The Contractor shall ensure that all relevant subsurface, geological, geochemical and geophysical information necessary for the attainment of the exploration objectives in accordance with modern oilfield and petroleum industry practices is obtained during exploratory drilling. 5.6 If the depth/geological objective of the Well is not achieved for any reason, a substitute Well shall be drilled of the same specifications as stipulated in and subject to Articles 5.2, 5.3 and 5.4, as the case may be. 5.7 Subject to Article 31, In the event that the Contractor undertakes is unable to complete the Minimum Work Programme as provided herein under Articles 5.2 (a) & 5.2 (b) (i), 5.3 (a) & 5.3 (b) (i) and 5.4 (a) & 5.4 (b) (i) (hereinafter referred to as “Bid Commitments”) or it becomes unnecessary to complete Bid Commitments in accordance with view of Articles 5.25.2 (b) (ii) and (iii), 5.3, 5.3 (b) (ii) and (iii) and 5.4 (b) (ii) and 5.6(iii), as the case may be. In the event that , the Contractor fails shall be required to fulfill the said Minimum Work Programme by the end of the relevant Exploration Phase carry out and complete such additional, substituted or early termination of the Contract alternate work programme as may be fixed by the Government for any reason whatsoeveron the recommendation of the Management Committee, each Company constituting so as to match the Bid Commitments undertaken and committed under the bid or in the alternative, the Contractor shall pay to the GovernmentGovernment the cost, as estimated by the Government on the recommendation of the Management Committee for fulfilling such Bid Commitments of the Contractor. The management committee shall give its recommendation, on additional, substituted or alternate work programme or payment to the Government for unfinished work programme, to the Government within sixty (60) days following from the end date of notice given by the relevant Exploration Phase or early termination Government of the Contract, as may be the case, its Participating Interest share for an amount which, when evaluated in terms non-fulfillment of the Minimum Work Programme specified for Programme. Failing any proposal from the relevant PhaseManagement Committee within the time frame, is equal the Government shall make a decision and convey to the amount which would be required to complete the said Minimum Work Programme. For determination of this amount, available relevant information including the Budget and modern oilfield and petroleum industry practices may be taken into accountContractor for compliance. 5.8 If the Minimum Work Programme for the third Exploration Phase has been completed earlier than eighteen months from the end of the Phase, the Contractor shall meet with the Government to discuss the possibility of early relinquishment, unless the Contractor undertakes further work with the approval of the Management Committee. 5.9 In the event that the Contractor has carried out work in excess of the Minimum Work Programme in any Exploration Phase, the excess exploration work done shall be set off against the Minimum Work Programme for the following Exploration Phase. 5.10 As soon as possible after the Effective Date and thereafter within ninety (90) days before commencement of each following Year, the Contractor shall submit to the Management Committee the Work Programmes and the Budgets relating to Petroleum Operations to be carried out during the relevant Year. Work Programme and Budgets for the Exploration Period shall include work sufficient to meet the relevant Minimum Work Programme with respect to each Exploration Phase specified in this Article 5. 5.11 The Contractor may propose modifications or revisions to the details of a reviewed or an approved Work Programme and Budget, as the case may be, in the light of the then existing circumstances and shall submit to the Management Committee modifications or revisions to the Work Programme and Budget referred to in Article 5.10. 5.12 Work Programmes and Budgets and any modifications or revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article 6.5.