Examples of Exploration Operations in a sentence
The local content percentage of the goods and services to be directly or indirectly purchased by the Contractor, related to investments in the Exploration Operations in the Contract Area shall be included in the column Expected Local Content of the Exploration Plan.
Such Exploration Operations shall be diligently and continuously carried out in accordance with sound and current international Petroleum industry practices for the duration of the Exploration Period.
As of and from the Effective Date, the Contractor is authorized to conduct Exploration Operations in the Contract Area during the Initial Exploration Period.
If the whole process of the Exploration Operations conducted for any CBM Field in any Calendar Year is less than twelve (12) calendar months, the administrative fee for such Calendar Year shall be calculated in proportion to the actual calendar month(s) spent thereon (if the actual time spent thereon in any calendar month is less than thirty (30) days, the calculation shall be made based on a full calendar month).
The subject matter of this Agreement is: to conduct Exploration Operations in the Concession Area undertaken in the Minimum Exploration Program or in addition thereto; in case of a Discovery, at the Concessionaire’s discretion, to perform a Discovery Assessment under a Discovery Assessment Plan approved by ANP; if the commercial feasibility of the Discovery is verified by the Concessionaire, to Produce Oil and Gas in the Concession Area under a Development Plan approved by ANP.