Second Additional Exploration Period definition

Second Additional Exploration Period means the second period of two (2) contract years after the First Additional Exploration Period pursuant to sub-clause 2(4), as may be extended under this Contract;
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Second Additional Exploration Period shall have the meaning set forth in Article 4.4.
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Second Additional Exploration Period means a period of one Contract Year beginning upon termination of the First Additional Exploration Period which CNH may grant the Contractor to continue conducting Surface Reconnaissance and Exploration, Exploration and Appraisal activities in the Contract Area in accordance with Article 4.4.
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Examples of Second Additional Exploration Period in a sentence

  • In the event that during the First Additional Exploration Period, the Contractor carries out additional Work Units to those committed in accordance with Article 4.3, the Contractor may request the recognition of such Work Units for the Second Additional Exploration Period.

  • The CNH may deny approval of plans if they: (i) do not comply with the Minimum Work Program or the Minimum Program Increase, or the work commitments for the First Additional Exploration Period or Second Additional Exploration Period, or (ii) do not conform to the Industry Best Practices and the Applicable Laws.

  • The provisions of Section 7.1 shall not be deemed to diminish the Contractor’s obligations to perform the Minimum Work Program, the Work Programs for the First Additional Exploration Period or the Second Additional Exploration Period, as the case may be, or its obligations regarding Abandonment activities.

  • During the Initial Exploration Period, First Additional Exploration Period or Second Additional Exploration Period, as the case may be, the Contractor may submit to CNH for approval a Work Program and Budget for Appraisal activities related to the relevant Discovery, in which case the provisions of Article 5.2 shall apply.

  • The CNH may deny approval of plans if they: (i) do not comply with the Minimum Work Program or the work commitments for the First Additional Exploration Period or Second Additional Exploration Period, or (ii) do not conform to Industry Best Practices and the Applicable Laws.

  • Second Additional Exploration Period Minimum Work Programme The total minimum financial obligation in respect of the Second Additional Exploration Period shall be USD ………….

  • The Contractor may request such extension only if it: (i) has fully complied with the Work Units required for the First Additional Exploration Period; and (ii) agrees to perform additional Work Units, equivalent to one (1) exploratory Well during the Second Additional Exploration Period in accordance with Article 7.1 and Annex 5.

  • CNH may deny approval of plans if they: (i) do not comply with the Minimum Work Program or the Minimum Program Increase, or the work commitments for the First Additional Exploration Period or Second Additional Exploration Period, or (ii) do not conform to Industry Best Practices and the Applicable Laws.


More Definitions of Second Additional Exploration Period

Second Additional Exploration Period means the second period of two (2) contract years after the First Additional Exploration Period pursuant to sub­clause 2(4), as may be extended under this Contract;
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Related to Second Additional Exploration Period

  • 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.

  • Construction Period means the period commencing from the Appointed Date and ending on the date of the Completion Certificate;

  • Acquisition Period means any period commencing on the date that a Material Acquisition is consummated through and including the last day of the second full fiscal quarter following the date on which such acquisition is consummated; provided that there shall be at least one full fiscal quarter between any two Acquisition Periods.

  • Initial Contract Period means the period from the Commencement Date to the date of expiry set out in clause A2 (Initial Contract Period), or such earlier date of termination or partial termination of the agreement in accordance with the Law or the provisions of the Contract.

  • Remediation Period has the meaning specified in Section 8.2(a);

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.