Common use of Work Programmes and Budgets Clause in Contracts

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. 10.1 Within three (3) months following the Effective Date, the CONTRACTOR shall submit to the Operating Committee, 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, 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 his agreement or its reservations and any modifications which it they 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, 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. 10.1 Within three (3) months following the Effective Date, the CONTRACTOR shall submit to the Operating Committee, 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, Parties a proposed Work Programme and corresponding Budget for the following Calendar Year. The STATE Parties shall notify the CONTRACTOR before the 1st of November of each Calendar Year, either its their agreement or its their reservations and any modifications and supplements which it they 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, Operation as well as the schedule for the work. The Work Programme and corresponding Budget may include, as applicable and without limitation: