Exploration Work Programme and Budget definition

Exploration Work Programme and Budget has the meaning in sub-Articles 4.1, 4.2 and 4.3;
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Exploration Work Programme and Budget has the meaning in Sections 4.1, 4.2 and 4.3; “Field” means a Gas Field or a Crude Oil Field from which Petroleum may be produced;
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Examples of Exploration Work Programme and Budget in a sentence

  • In each of the sixth (6th) and seventh (7th) Contract Years, and unless the Contractors have relinquished all of the Contract Area (not being a Development Area or a Gas Retention Area) before the start of the Contract Year concerned, the Contractors shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year.

  • In each Contract Year mentioned below, and unless the Contractors have relinquished all of the Contract Area (not being a Development Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractors shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year.

  • In each of the sixth (6th) and seventh (7th) Contract Years, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area or a Gas Retention Area) before the start of the Contract Year concerned, the Contractor shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year.

  • Detailed Exploration Work Programmes and Budgets for subsequent annual periods of the Exploration Period shall be submitted for approval by the Ministry not later than thirty (30) days prior to the end of the then existing annual period for which a Detailed Exploration Work Programme and Budget has been approved.

  • Comet Ridge Limited (ASX:COI) is pleased to advise that it has executed a second agency agreement with Santos such that, effective immediately, Comet Ridge has been appointed to operate and manage the Mahalo 2018 Joint Venture Exploration Work Programme and Budget in its capacity as agent for and on behalf of Santos as Exploration Operator.

  • If the value at that time is more than the value given as Security under paragraph 2.2 (a) (iii) then Contractor shall provide the ANP with additional Security (in form and content satisfactory to the ANP) for the performance of the Contractor's Minimum Exploration Work Requirements under the Exploration Work Programme and Budget in that Period.

  • An Exploration Work Programme and Budget may also include proposals for Appraisal of the Jahal Discovery or Kuda Tasi Discovery (such Appraisal does not count towards the Contractor’s minimum Exploration commitments in sub-Articles 4.1 and 4.2).

  • The Ministry shall not withhold the approval of the Exploration Work Programme and Budget except on reasonable grounds, which grounds shall be provided to the Licensee in writing.

  • The Contractor shall start Exploration Operations within thirty (30) days of the Minister’s approval of the Exploration Work Programme and Budget for the first Contract Year.

  • If any well forming part of the Exploration Work Programme and Budget provided for in this Article 4 is abandoned for any reason other than a reason specified in paragraph 4.4(b) before reaching the defined objectives of such well, the Contractors shall drill a substitute well.

Related to Exploration Work Programme and Budget

  • Annual Work Plan and Budget means the work plan and budget approved by the Bank and adopted by the Borrower in accordance with the provisions of Section I.C of Schedule 2 of this Agreement, as said work plan and budget may be modified from time to time with the written agreement of the Bank.

  • Work Programme means the document adopted by the Commission for the implementation of the specific programme28 in accordance with its Article 12 or the equivalent document in content and structure adopted by a funding body.

  • Work Plan means a plan that describes each individual activity to be conducted to complete eligible activities and the associated costs of each individual activity.

  • Development Work means any work carried out in relation to the physical construction of a mine;

  • Project area budget means a multiyear projection of annual or cumulative

  • 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;

  • Development Area means that area to which a development plan is applicable.

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

  • Research Budget has the meaning set forth in Section 2.2.

  • Feasibility Study means the evaluation and analysis of the potential of a project, which aims at supporting the process of decision-making by objectively and rationally uncovering its strengths and weaknesses, opportunities and threats, as well as identifying the resources required to carry it through and ultimately its prospects for success;

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

  • Development Plan has the meaning set forth in Section 3.2.

  • Development Budget has the meaning set forth in Section 3.1.

  • Development Project means a project for the development of land within a project area.

  • Research Plan shall have the meaning set forth in Section 2.1.

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

  • Development Plans means a coherent set of operations defined and financed exclusively by the OCTs in the framework of their own policies and strategies of development, and those agreed upon between an OCT and the Member State to which it is linked;

  • Annual Work Plan means each work plan approved by the Association under Section I.C of Schedule 2 to this Agreement for inclusion in the Project.

  • Project Plan means the document to be developed by the Contractor and approved by WTL, based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalised Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by WTL. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Work Program means a program of work reasonably acceptable to both parties in respect of a particular Property, contained in a written document setting out in reasonable detail; (i) An outline of the Mining Operations proposed to be undertaken and conducted on the Property, specifically stating the period of time during which the work contemplated by the proposed program is to be done and performed; (ii) The estimated cost of such Mining Operations including a proposed budget providing for estimated monthly cash requirements in advance and giving reasonable details; and (iii) The identity and credentials of the person or persons undertaking the Mining Operations so proposed if not the Optionor, reasonably acceptable to both parties hereto.

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • Development Phase means the period before a vehicle type is type approved.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

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

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