Duties of Operator. The Operator will be required to ensure that all operations are conducted in accordance with the terms and conditions of Operating Programs and Operations Plans approved by the Management Committee. The Operator will appoint a project manager to conduct the day-to-day management and supervision of operations (the “Project Manager”). The Project Manager will be authorized to do, under the direction of the Operator, all things necessary or advisable to carry out any Operations Plans and Operating Programs approved by and other directions of the Management Committee. The duties and obligations of the Operator include: (a) preparing and submitting for the approval of the Management Committee an Operating Program for each operating year as contemplated in section 7(a) (exploration stage); and (b) preparing and submitting Operations Plans for the approval of the Management Committee as contemplated in section 7(b) (feasibility and production stage).
Appears in 2 contracts
Sources: Property Option Agreement, Property Option Agreement