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 Contract Year mentioned below, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 4 Preparation of well prognosis.

  • In each Contract Year mentioned below, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 1 Nil Acquisition of 2001 kilometres of recently available 2D seismic data and 2337 kilometres of newly reprocessed 2D seismic data.

  • In each Contract Year mentioned below, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 1 Interpretation and re- processing of existing seismic data.

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.

  • 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.

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

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., 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 Finalized 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 Webel Technology Ltd. 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.