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 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 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.

  • 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.

  • A Detailed Exploration Work Programme and Budget for the first year of the Exploration Period, attached herewith as ANNEX THREE, is hereby approved by the Ministry.

  • 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.

  • 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.

  • 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.

  • 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.