Work Programmes and Budgets. Subject to sub-Article 4.7, the Contractor shall carry out Petroleum Operations substantially in accordance with Work Programmes and Budgets approved by the Designated Authority. Such an approval by the Designated Authority is without prejudice to any other obligation or liability of the Contractor under this Agreement.
Work Programmes and Budgets. 9.1 No later than ninety (90) days prior to the beginning of each Calendar Year, and, for the first Calendar Year, no later than thirty (30) days after the Effective Date, the Contractor shall prepare and submit for approval by the Minister a detailed itemized annual Work Programme, along with the corresponding annual Budget for the Contract Area, setting forth the Hydrocarbons Operations the Contractor proposes to carry out during the ensuing Calendar Year and the budgeted cost of each identified component of such Hydrocarbons Operations.
9.2 Each annual Work Programme and corresponding annual Budget shall be broken down into the various Exploration Operations and, as the case may be, the Appraisal with respect to each Appraisal Area, and the Development and Production Operations with respect to each Exploitation Area.
9.3 The Minister may propose amendments or modifications to the annual Work Programme and corresponding annual Budget by notice to the Contractor, including all justifications deemed necessary, within ninety (90) days, or in respect of the first Calendar Year, within forty five (45) days, following receipt of said Work Programme. In such a case, the Minister and the Contractor shall meet as soon as possible to review the requested amendments or modifications and establish by mutual agreement the annual Work Programme and corresponding annual Budget in final form, in accordance with Good International Petroleum Industry Practice. The date of approval of the annual Work Programme and corresponding annual Budget shall be the date of the above-mentioned mutual agreement.
9.4 Failing notice by the Minister to the Contractor of his wish to amend or modify the annual Work Programme and corresponding annual Budget within the period specified in Article 9.3, said Work Programme and Budget shall be deemed approved by the Minister upon the expiry date of said period.
9.5 The Contractor may not spend more than one hundred and ten percent (110%) of the amount originally allocated to any line item in an approved annual Work Programme Budget, or more than one hundred and five percent (105%) of the total amount set forth in an approved annual Work Programme Budget, without an appropriate amendment to the approved annual Work Programme and the related Budget, unless the increased expenditure:
(i) is required to respond to health, safety or environmental protection concerns or to mitigate the adverse effects of a force majeure event; or
(ii) is in performanc...
Work Programmes and Budgets. 10.1 Within three (3) months following the Effective Date, the CONTRACTOR shall submit to the Operating Committee, the appropriate Work Programme and the corresponding Budget for the portion of the Calendar Year not yet elapsed.
10.2 Prior to 30 September of each Calendar Year, the CONTRACTOR shall submit for review to the Parties, a proposed Work Programme and corresponding Budget for the following Calendar Year. The STATE shall notify the CONTRACTOR before the 1st of November of each Calendar Year, either its agreement or its reservations and any modifications which it would like to have adopted, all of which shall be supported by detailed documentation.
10.3 The CONTRACTOR shall submit to the Operating Committee, prior to 30 November of each Calendar Year, the Work Programme for the following Calendar Year. After review, revision and supplement, if applicable, the final Work Programme and corresponding Budget shall be adopted by the Operating Committee pursuant to Article 7 of this Contract, and not later than 15 December, or by any other date agreed to by the Parties.
10.4 The Work Programme and corresponding Budget transmitted to the Operating Committee shall include a technical and financial description of each type of Petroleum Operation, as well as the schedule for the work. The Work Programme and corresponding Budget may include, as applicable and without limitation:
Work Programmes and Budgets. 6.1 So long as any Exploration Licence or Production Licence issued to Licensee herein remains in force, at least sixty (60) days prior to the beginning of each Calendar Year, Licensee shall prepare and submit to the Advisory Committee for its review and, where required pursuant to Article 5, approval, a detailed annual Work Programme and Budget, setting forth the Exploration Operations and/or Development Operations which Licensee proposes to carry out in the ensuing Calendar Year and the estimated cost thereof. An annual Work Programme and Budget for the period from the date of effectiveness of the First Exploration Licence to the end of the Calendar Year in which such date falls shall be presented to the Advisory Committee within ninety (90) days of the Effective Date for review in accordance with paragraph 5.3.1.,
Work Programmes and Budgets. No later than forty-five (45) days prior to the beginning of each Calendar Year, and, for the first Calendar Year, no later than two (2) months after the Effective Date, the Contractor shall prepare and submit for approval by the Minister a detailed itemized annual Work Programme, along with the corresponding annual Budget for the Contract Area, setting forth the Hydrocarbons Operations the Contractor proposes to carry out during the ensuing Calendar Year.
Work Programmes and Budgets and any revisions thereto relating to Exploration Operations shall be submitted to the Management Committee for review and advice as provided in Article 6.5.
Work Programmes and Budgets. Subject to Sections 4.2 to 4.6 and 4.10, the Contractor shall carry out Petroleum Operations substantially in accordance with Work Programmes and Budgets approved by the ANP. Such an approval by the ANP is without prejudice to any other obligation or liability of the Contractor under this Agreement.
Work Programmes and Budgets. Sellers have disclosed to Purchaser prior to the Signing Date, the Work Programmes and Budgets for each of the PSCs for the calendar years 2010 through 2014 (inclusive) *****Commercial terms omitted and filed separately with the Commission. Confidential treatment requested under 17 C.F.R. 240.24b-2. †††††Personal information omitted and filed separately with the Commission. Confidential treatment requested under 17 C.F.R. 240.24b-2. together with, to Sellers’ Knowledge, any material amendments thereto, and to Sellers’ Knowledge, those documents are true and accurate copies.
Work Programmes and Budgets. 11.1 So long as the Exploration Licence and any Production Licences issued to Contractor hereunder remain in force, at least ninety (90) days prior to the beginning of each Calendar Year, Contractor shall prepare and submit to the Management Committee for its review and approval, pursuant to Article 9, a detailed annual Work Programme and Budget, setting forth the Petroleum Operations which Contractor proposes to carry out in the ensuing Calendar Year, and the estimated costs thereof. The first annual Work Programme and Budget in relation to the period from the Effective Date to the end of the relevant Calendar Year shall be submitted to the Management Committee within thirty (30) days after the Effective Date; provided however that, in the event the Effective Date falls in the second semester of such Calendar Year, the first Work Programme and Budget shall cover the period from the Effective Date to the end of the next succeeding Calendar Year.
Work Programmes and Budgets. Seller has disclosed to Purchaser prior to the Signing Date, the Work Programmes and Budgets for each of the PSCs for the calendar years 2016 through 2019 (inclusive), together with, to Seller’s Knowledge, any material amendments thereto and, to Seller’s Knowledge, those documents are true and accurate copies.
