Examples of Minimum Exploration Work Programme in a sentence
The Minister may deny approval of the Work Programmes if the Contractor (i) does not comply with the Minimum Exploration Work Programme, or the additional commitments made for the Appraisal Period and, or Retention Period; (ii) the Work Programme submitted during the Development Period modifies the Development Plan, and (iii) the Work Plan does not comply with Best International Industry Standards and Practices.
The Contractor shall not be released of its work and financial obligations under this Agreement if it fails to carry out the Minimum Exploration Work Programme to the Minister’s satisfaction.
During the Exploration Period, the Work Programmes shall comply with the Minimum Exploration Work Programme, and the Exploration Plan, and during any Development Period, the Work Programmes shall comply with the relevant Development Plan.
The third renewal of the Petroleum Exploration Licence is subject to the Contractor having fulfilled the Minimum Exploration Work Programme specified in Article 11.4 to the satisfaction of the Minister and relinquishment of areas pursuant to Article 9.
The Exploration Plan shall provide for, at minimum, the performance of all of the activities provided for in the Minimum Exploration Work Programme and set out the Petroleum Operations and estimated expenditure that Contractor proposes to undertake during the term of the Petroleum Exploration Licence.
Approval of changes to the approved Work Programmes is at the discretion of the Minister upon satisfaction that the amended Work Programme complies with applicable laws, the terms and conditions of this Agreement (including the Minimum Exploration Work Programme, the Exploration Plan and, as the case may be, the Development Plan), the Environmental and Safety Management System and Best International Industry Standards and Practices.
The Exploration Plan shall contemplate at least, the performance of all of the activities provided for in the Minimum Exploration Work Programme and set out the Petroleum Operations and estimated expenditure that Contractor proposes to undertake out during the term of the Petroleum Exploration Licence.
During the Initial Exploration Period, which shall be subdivided into two sub-periods, the Contractor shall carry out the following Minimum Exploration Work Programme including: First 2-year sub-period.