Examples of Work Program in a sentence
Such Work Program and budget shall be consistent with the requirements of the relevant Exploration Plan, Appraisal Plan and/or Development and Production Plan, and shall reflect all previously approved contracts as contemplated by Article 27.2 of this EPA and the Accounting and Financial Procedure that constitutes Annex D of this EPA.
If a Work Program and budget is rejected, the Petroleum Administration shall explain the reasons for such rejection in writing, in which case the Right Holders may submit a revised Work Program and budget for approval on the basis of the same procedures.
Such approval shall be granted so long as the Work Program and budget are consistent with the requirements of Article 13.3 of this EPA.
In the event that the Petroleum Administration does not respond within such thirty (30) day period, then the Work Program and budget shall be deemed approved.
The Petroleum Administration shall inform the Right Holders within thirty (30) days as of the date of submission of the relevant Work Program and budget as to whether the proposed Work Program and budget are approved.
After the completion of an Appraisal Plan, the Right Holders may continue to conduct activities relating to concept design, front-end engineering design (FEED), analysis of geological and geophysical data, and other activities that do not involve drilling (all of which shall be described in a Work Program or amendment thereto), until the deadline for a Declaration of Commerciality and, if a Declaration of Commerciality is made, until the deadline for the submission of a Development and Production Plan.