Exploration Sample Clauses
The Exploration clause defines the rights and obligations of parties regarding the investigation and assessment of a property or resource, typically in the context of natural resources or real estate. It outlines the scope of permitted activities, such as surveying, sampling, or drilling, and may specify timeframes, notice requirements, and restoration obligations. This clause ensures that the exploring party can conduct necessary due diligence while protecting the interests of the property owner, thereby facilitating informed decision-making and minimizing disputes over access and use.
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Exploration. Exploration" means the processes, properties, activities and facilities used for the discovery of deposits of gas and the study and implementation of enhanced gas recovery methods.
Exploration. (a) The Contractor shall submit, for the approval of the Designated Authority, an Exploration Work Programme and Budget for each Calendar Year.
(b) From time to time, the Contractor may submit, for the approval of the Designated Authority, amendments to the Exploration Work Programme and Budget.
(c) The Contractor is not obliged to carry out more Exploration in a Contract Year than is required by sub-Articles 4.1, 4.2 and 4.3.
Exploration. Lessee will take all steps a reasonably prudent mining operator would necessarily take to explore the Leased Premises for the Materials.
Exploration study of the soil and setting up of drilling equipment; · planning of seismic acquisition; · seismic processing and interpretation; · geophysical analyses; · geological and geochemical studies; · rock and fluid studies; · thermodynamic analyses; · interpretation of diagraphics; · reservoir analysis and studies; · health, safety and environmental technical audits; · ocean current measurements; · environmental studies.
Exploration. It is understood and agreed that ▇▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ a duty to take all steps a reasonably prudent operator would take to explore the leased premises for the named material and to delineate the reserves thereof.
Exploration. The planning, execution and assessment of all types of geological, geophysical, geochemical and all kind of studies, as well as the drilling of exploration ▇▇▇▇▇ and any other related activities, required for the discovery of hydrocarbons, including the drilling of confirmation ▇▇▇▇▇ to assess the discovered reservoirs.
Exploration. Any activities, including physically invasive activities, seismic monitoring, mapping, conducting base line or foundation studies, site engineering, surveys or survey updates, appraisals, environmental assessments or other testing, or other surface-related geophysical work, directed toward ascertaining the existence, location, quantity, quality or commercial value of mineral deposits, including drilling required after discovery of potentially commercial mineralization, all in accordance with Mining Industry Best Practices, but excluding Mining Operations.
Exploration. The exclusive right to conduct within the leased area geological and geophysical exploration for Geothermal Resources;
Exploration. Contractor shall submit to the Operations Committee for its review and advisement in accordance with Sub-articles 7.7 and 7.8, a Work Program and a Budget for the subsequent Calendar Year at least ninety (90) Days before the commencement of each Calendar Year. Submission of the Work Program(s) and Budget(s) shall not be considered a decision by Contractor to enter the subsequent phases of the Exploration Period in accordance with Sub-article 5.2. During the Exploration Period, the Work Program(s) submitted by Contractor for each Calendar Year shall be accompanied by an indicative schedule for operations for the remainder of the then current phase of the Minimum Work Obligations accordance with Article 5.
Exploration. 4.1 The Contractor shall commence exploration in accordance with the time schedule stipulated in the programme of activities set out in schedule 2 hereto and shall adhere to such time periods or any modification thereto as provided for by this contract.
4.2 The Contractor shall carry out the programme of activities set out in schedule 2 hereto. In carrying out such activities the Contractor shall spend in each contract year not less than the amount specified in such programme, or any agreed review thereof, in actual and direct exploration expenditures.
4.3 The Contractor, with the consent of the Authority, which consent shall not be unreasonably withheld, may from time to time make such changes in the programme of activities and the expenditures specified therein as may be necessary and prudent in accordance with good mining industry practice, and taking into account the market conditions for the metals contained in polymetallic sulphides and other relevant global economic conditions.
4.4 Not later than 90 days prior to the expiration of each five-year period from the date on which this contract enters into force in accordance with section 3 hereof, the Contractor and the Secretary-General shall jointly undertake a review of the implementation of the plan of work for exploration under this contract. The Secretary-General may require the Contractor to submit such additional data and information as may be necessary for the purposes of the review. In the light of the review, the Contractor shall make such adjustments to its plan of work as are necessary and shall indicate its programme of activities for the following five-year period, including a revised schedule of anticipated yearly expenditures. Schedule 2 hereto shall be adjusted accordingly.