Minimum Exploration Work Program definition

Minimum Exploration Work Program means the Exploration Work to be completed before the end of the Initial Period or any of the Extension Periods referred to in Articles 4.2.1, 4.2.2 and 4.2.3.
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Minimum Exploration Work Program means the operations set out and described in Article 4.2 of this Agreement;
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Minimum Exploration Work Program means the operations set forth and described in paragraph 4.2 of the Petroleum Agreement;
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Examples of Minimum Exploration Work Program in a sentence

  • The remaining mn (m + n) degrees of freedom contain real informa- tion that can be used for 3D reconstruction.In fact, in [16, 17] I argue that just as the key to cali- brated stereo reconstruction is the recovery of Euclidean depth, the essence of projective reconstruction is pre- cisely the recovery of a coherent set of projective depths modulo overall projection and world point rescalings.

  • The estimated cost of such Minimum Exploration Work Program is thirty million US Dollars (US$ 30,000,000).

  • Article 4.2.6, it is understood and expressly agreed, that it is the performance of the Minimum Exploration Work Program and not the expenditures associated with the estimated cost thereof which shall determine KOSMOS’s compliance with this Agreement.

  • The estimated cost of such Minimum Exploration Work Program is seven million US Dollars (US$ 7,000,000).

  • The estimated cost of such Minimum Exploration Work Program is four million US Dollars (US $ 4,000,000).

  • Minimum Exploration Work Program and Budget: MINIMUM EXPLORATION WORK PROGRAM AND BUDGET: -------------------------------------------- - Reprocess (1000 km of 2D seismic data related to the Block (U$ 300,000 USD).

  • The budget and the Minimum Expenditure Obligation for the Minimum Exploration Work Program during the forty-eight months of the Initial Period is twenty-five million US Dollars ($U.S. 25,000,000).

  • Performance of the Minimum Exploration Work Program shall be deemed to constitute the fulfillment of all obligations related to payment of the estimated costs provided in Articles 4.2.1, 4.2.2, and 4.2.3 for the applicable period.


More Definitions of Minimum Exploration Work Program

Minimum Exploration Work Program means the operations set out and described in Article
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Related to Minimum Exploration Work Program

  • 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.

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

  • 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.

  • 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.

  • 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.

  • 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.

  • 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.

  • site development plan means a dimensioned plan drawn to scale that indicates details of the proposed land development, including the site layout, positioning of buildings and structures, property access, building designs and landscaping;

  • 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;

  • Work Progress Schedule means the continually updated time schedule prepared and monitored by Contractor that accurately indicates all necessary appropriate revisions as required by the conditions of the Work and the Project while maintaining a concise comparison to the Baseline Schedule.

  • Commercial Development Plan means the written commercialization plan attached as Appendix E.

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

  • Annual Business Plan means the development plan and budget report for Party B’s Business in the next calendar year which is prepared by Party B with the assistance of Party A pursuant to this Agreement before November 30 of each year.

  • Initial Development Plan has the meaning set forth in Section 3.2(b).

  • Production Operations means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefor.

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

  • Exploration Expenditures means the sum of all costs of acquisition and maintenance of the Property, all exploration and development expenditures and all other costs and expenses of whatsoever kind or nature including those of a capital nature, incurred or chargeable by KRC with respect to the exploration and development of the Property and the placing of the Property into Commercial Production.

  • 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;

  • Work Products are defined as all materials, tangible or not, created in whatever medium pursuant to this Agreement, including without limitation publications, promotional or educational materials, reports, manuals, specifications, drawings and sketches, computer programs, software and databases, schematics, marks, logos, graphic designs, notes, matters and combinations thereof, and all forms of intellectual property.

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

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

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

  • Redevelopment Plan means the “Lincoln Center Redevelopment Plan” passed, adopted and approved by the City pursuant to the Resolution, and shall include any amendment of said Redevelopment Plan heretofore or hereafter made by the City pursuant to law.

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

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

  • Non-profit housing development means development of a building or structure intended for use as residential premises by,