Exploration Contract definition

Exploration Contract means the Contract for Exploration of Hydrocarbons in South Alibek Oil Field located within the limits of blocks XXII-23 A (partially), D (partially), and E (partially) in the territory of the Mugodzhar Region, Aktyubinskaya Oblast, Republic of Kazakhstan, state registration number No. 419 of March 7, 2000 (as amended).
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Exploration Contract means the Exploration Contract with respect to the South Alibek Field by and between Caspi Neft and the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan, dated April 29, 1999.
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Exploration Contract means any contract or licence permitting TOML to Explore for Polymetallic Nodules in the International Seabed Area entered into between TOML and the ISA or granted by the ISA to TOML, and includes the ISA Exploration Contract. Expropriate or Expropriation means to dispossess of ownership, to deprive of property, to deprive of use of property, to deprive of property for the public use, to make an Entity or assets (tangible and intangible) the property of the State (in whole or in part), or a measure or measures having an equivalent effect (directly or indirectly), and includes without limitation:
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Examples of Exploration Contract in a sentence

  • The term of the Exploration Contract is until December 29, 2018 during which time Aral is committed to a minimum work program in the amount of USD 58.3 million.

  • The NORI Exploration Contract was approved by the ISA Council on July 19, 2011, and entered into on July 22, 2011 between NORI and the ISA, and terminates on July 22, 2026, subject to extension.

  • Should Kazakhstani government authorities determine that Export Quotas received by the Company were in violation of the Exploration Contract, Aral may be subject to fines and penalties which cannot be reliably estimated and/or to the termination of the Exploration Contract.According to the Production Contract, Aral is obliged to sell 20% of produced crude oil to the domestic market.

  • According to the Exploration Contract, Aral is required to sell 100% of oil extracted during the term of the Exploration Contract for refining in Kazakhstan.

  • TOML holds an ISA exploration contract in the CCZ ("TOML Exploration Contract") and some exploration related equipment.

  • The Company has spent approximately $13.3 million in connection with the TOML Exploration Contract from 2017 to 2021.

  • Aral believes that non-compliance with these Exploration Contract terms would not lead to any significant adjustments to the financial statements.

  • The Company determined that the value of TOML Acquisition was substantially concentrated in the TOML Exploration Contract and therefore considered this to be an acquisition of a group of connected assets rather than an acquisition of business.

  • The TOML Exploration Contract provides TOML with exclusive rights to explore for polymetallic nodules in the TOML Area for an initial term of 15 years (renewable for successive five-year periods) subject to complying with the exploration contract terms and a priority right to apply for an exploitation contract to collect polymetallic nodules in the same area.

  • On 10 July 2019, Chibuluma and Jinchuan R&E entered into the Exploration Contract relating to the provision of infill geochemical soil sampling, trenching, ground induced polarization and drilling management works at Northwestern Province Exploration Projects by Jinchuan R&E to Chibuluma.


More Definitions of Exploration Contract

Exploration Contract has the meaning given to it in Recital (B).
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Exploration Contract shall have the meaning ascribed to that term in the second Recital.
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Exploration Contract means the contract under License Xx.XX 1557 (oil) for the exploration of hydrocarbons of Yuzhny Alibek oilfield entered into between the Company and the Investmnet Agency of the Republic of Kazakhstan.
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Related to Exploration Contract

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • Construction Contract or “contract” means a written agreement between a contractor and a public agency for the construction, alteration, demolition, or repair of a facility, other than a contract having a dollar value of less than $30,000.00 or a contract that provides for 3 or fewer payments.

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • exploration licence means an exploration licence under Part 2 of the Mineral Resources Development Act 1990; S. 3(1) def. of "fish" inserted by No. 40/2002 s. 3(a).

  • Option Contract means a standardised contract the effect of which is that a person acquires the option—

  • Privatization contract or “contract” means an agreement or

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Project Contract means any contract between the District or the Corporation and any contractor or vendor regarding the construction, production or other acquisition or installation of any part of an Acquisition Project.

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Connection Contract means a contract under which Distributed Generation is connected to the Network entered into by the Distributor and a Distributed Generator in accordance with Part 6 of the Code, and, for the purposes of this Agreement, the Distributor and a Distributed Generator are deemed to have entered into a Connection Contract if the regulated terms in Part 6 of the Code apply;

  • Mining Plan means a mining plan drawn in accordance with clause (b) of sub-section

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.

  • drilling means the act of boring a hole to reach a proposed bottom hole location through which oil or gas may be produced if encountered in paying quantities, and includes redrilling, sidetracking, deepening, or other means necessary to reach the proposed bottom hole location, testing, logging, plugging, and other operations necessary and incidental to the actual boring of the hole;

  • JOA means the joint operating agreement currently in force in respect of operations pursuant to a Licence and identified as such in Schedule 1;

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Training Contract means an agreement signed by the employer and the Apprentice or Trainee (and a parent or guardian if applicable), in accordance with the Act and Regulatory requirements.

  • Architect’s Contract means Lessee's contract with the Project Architect.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;