Work Programme and Budget definition

Work Programme and Budget means a work programme for Petroleum Operations and budget therefor approved in accordance with this Agreement.

Work Programme and Budget means an itemised statement of Petroleum Operations to be carried out in the Contract Area and a detailed breakdown of the Contract Expenses associated therewith, including both capital and operating budgets, all in a form acceptable to the Government.

Work Programme and Budget means an annual plan and budget for the conduct of those Petroleum Operations to be undertaken in the year governed by such plan.

Examples of Work Programme and Budget in a sentence

• The said Appraisal Programme together with the Work Programme and Budget submitted by the Contractor as revised or modified or amended in light of the Management Committee review and advice, shall be adopted as the Appraisal Programme and the Contractor shall promptly proceed with implementation of the said Programme.

• The Steering Committee shall meet within thirty (30) days of receipt of the Annual Work Programme and Budget to consider same and any revisions thereto and to approve the Annual Work Programme and the Budget in its final form.

• If the CONTRACTOR disagrees with the amendment request submitted by the STATE, the Parties shall have one hundred and twenty (120) Days after the request for amendments by the STATE to agree to the Work Programme and Budget proposed by CONTRACTOR.

• Except as provided in this Article 5.3 and in Article 5.4, Contractor shall not conduct any operations which deviate materially from the applicable Annual Work Programme and Budget without the prior consent of the Steering Committee.

• Operating Costs are, in respect of a Development Area and after the start of Commercial Production from it, those costs of an operating nature which directly relate to the Development thereof, or to the production of Petroleum therefrom, and are incurred in respect of activities carried out substantially in accordance with an approved Development and Production Work Programme and Budget, but without prejudice to sub-Article 4.7 of this Agreement.

More Definitions of Work Programme and Budget

Work Programme and Budget. : means the technical and financial document prepared by the Mineral Rights Holder detailing the work plans and budgeted expenditures to carry on Mining Activities in the Concession Area.

Work Programme and Budget means, collectively:

Work Programme and Budget means the Work Programme and corresponding Budget as described and approved under Article 6.

Work Programme and Budget means, collectively: (a) the work programmes and budgets approved by the Management Committee under each Joint Operating Agreement; (b) the work programmes and budgets approved by the Management Committee under the GK UUOA; (c) the work programmes and budgets approved by the Management Committee under the SNP UUOA; and (d) the work programmes and budgets approved by PETRONAS under each PSC; and

Work Programme and Budget means a work programme and budget (which shall include Scheduled Maintenance) for a Contract Year, together with a high level summary of the proposed work programme and budget for the two (2) Contract Years following such Contract Year, as approved or determined in accordance with Clause 9.5 (Work Programme and Budget).

Work Programme and Budget means a work programme for Joint Operations and budget thereof as described and approved in accordance with Articles 12, 13, 14 and 15.

Work Programme and Budget means a work programme for Petroleum Operations and budget therefore approved in accordance with this Agreement.