CONTACTOR IS OBLIGED Sample Clauses

CONTACTOR IS OBLIGED. 7.2.1. Within 90 days after registration of the Contract, to commence implementation of the Working Program. 7.2.2. To use the most efficient methods and technologies in exploration of hydrocarbons based on the norms and standards accepted in the world practice. 7.2.3. To use Contractual Area only for the purposes stipulated in the License and present Contract. 7.2.4. Not to prevent other persons to move freely within the limits of the Contractual Area, to use objects and communications of collective use or conduct any works including exploration and extraction of any other natural resources except oil if such activities do not require special safety measures and they do not interfere with exploration works. 7.2.5. To observe duly agreed technological designs and projects for exploration of hydrocarbons safe for the personnel and local population. 7.2.6. To prefer equipment, materials and finished products made in the State provided that they are competitive ecological and technical specifications, prices, working parameters and delivery conditions. 7.2.7. To give priority to the State organizations and institutions in using services for exploration of hydrocarbons including use of air, railway and water transport provided that these services are able to meet competition in price, efficiency and quality. 7.2.8. In conducting exploration of hydrocarbons, to take part in development of social sector of the Region and give priority to local personnel provided that they have proper experience and qualification. 7.2.9. To submit Working Program and progress reports to the Competent Body. 7.2.10. To finance (no less than 1% of annual capital cost of the licensed object) professional training of local personnel used in the works under the Contract. 7.2.11. To submit all necessary documents, information and unimpeded access of the inspecting bodies of the State to the working sites as they fulfill their duties and eliminate appropriately all the violations found. 7.2.12. If required to transfer information related to Exploration to the third parties only with written consent of the other Party. 7.2.13. To pay timely all taxes and other compulsory payments in accordance with the law of the State and the Contract. 7.2.14. In his activities, to preserve objects of cultural and historical importance located in the Contractual Area. 7.2.15. To forecast long-term ecological consequences of his activities under the Contract and submit these forecasts to the Competent Bod...
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