Common use of Assessment Program Clause in Contracts

Assessment Program. Assessment Operations plan presented by THE CONTRACTOR to ▇▇▇ pursuant to Clause 14 below with the purpose of assessing a Discovery and determining whether or not it is a Commercial Field. The performance of the Assessment Program and the presentation of a final results report to ▇▇▇ are mandatory to declare whether or not a Discovery is a Commercial Field. Work Program: Description of activities and of Exploration, Assessment and/or Production Activities in the Contract Area under the terms of this Agreement. The Work Program will include the schedule according to which THE CONTRACTOR will begin and complete the activities, and the corresponding budget.