Common use of Exploration Operations Clause in Contracts

Exploration Operations. All works carried out by Contractor himself or by subcontractors to determine the existence of Hydrocarbons or to evaluate a Hydrocarbon Discovery within the Contract Area. Regardless of whether the works are carried out in Chile or abroad, they shall include, without any restriction, geological and geophysical research, studies and measurements, data processing and evaluation, and related technical activities, such as Test Borings, appraisal ▇▇▇▇▇, tests, sampling, coring and logging of Test Borings and appraisal ▇▇▇▇▇ located within the Contract Area. The expression “Exploration Operations” wherever used in the Contract, shall be deemed to include the Complementary Activities defined in ▇▇▇.▇▇▇. One.Twenty-seven.

Appears in 2 contracts

Sources: Special Operation Contract for the Exploration and Exploitation of Hydrocarbon Fields (GeoPark LTD), Special Operation Contract for the Exploration and Exploitation of Hydrocarbon Fields (GeoPark Holdings LTD)