Exploration Programme Sample Clauses

The Exploration Programme clause defines the scope and requirements for conducting exploration activities under an agreement. It typically outlines the types of work to be performed, such as geological surveys, drilling, or sampling, and may specify timelines, reporting obligations, and approval processes for proposed exploration plans. This clause ensures that both parties have a clear understanding of the exploration activities to be undertaken, helping to manage expectations, allocate responsibilities, and reduce the risk of disputes over the conduct or extent of exploration work.
Exploration Programme. ‌ (a) Subject to the provisions of this Article in discharge of its obligation to carry out Exploration Operations in the Contract Area the Contractor shall during the several periods into which Exploration Operations are divided hereunder carry out the work described and spend not less than the sums specified in sub- article (b) of this Article.
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Exploration Programme. (a) Subject to the provisions of the Act and thisArticle, in discharging of its obligation to carry out Exploration Operations in the Contract Area, the Contractor shall, during the periods into which Exploration Operations are divided hereunder, carry out the minimum work described and spend not less than the total minimum expenditure, if any, specified in subarticle (b) of this Article. The fulfillment of any work obligation shall relieve Contractor of the corresponding minimum expenditure obligation, but the fulfillment of any minimum expenditure obligation shall not relieve Contractor of the corresponding work obligation.
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Exploration Programme. During the Exploration Phases, the Contractor shall prepare an Exploration Programme for each phase from the Effective Date of the Contract, a programme which shall contain the following information:
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Exploration Programme. Subject to the provisions of this Agreement, in discharge of its obligations to carry out prospecting operations in the contract area, the Contractor shall carry out the minimum work described herein, during the periods into which prospecting operations are divided hereunder - After the preparation period of six (6) months from the effective date, the initial period of four (4) years shall commence. The initial period shall be divided into two (2) phases, each phase consisting of two (2) years duration. (i) Phase One - (2 years)
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Exploration Programme. Subject to the provisions of this Agreement, in discharge of its obligations to carry out prospecting operations in the contract area, the Contractor shall carry out the minimum work described herein, during the periods into which prospecting operations are divided hereunder - (i) Phase One - (2 years)
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Exploration Programme. (a) Subject to the provisions of this Article in discharge of its obligation to carry out Exploration Operations in the Contract Area the Contractor shall during the several periods into which Exploration Operations are divided hereunder carry out the work described and spend not less than the sums specified in sub-article (b). (b) Initial Exploration Period Commencing on the day on which the Exploration License is granted to XXX Corporation pursuant to Article 3 and terminating on the fourth anniversary of that date: Description of Work: Undertake geological and Geophysical surveys and related activities as deemed necessary by the Contractor; shoot [XX] kms of seismic; and Drill of [XX] Exploration ▇▇▇▇▇. Minimum Expenditure for this period : US $ 000.000 million. First Extension Period Commencing on the day on which a first extension of the license granted is issued to XXX Corporation pursuant to Article 3 takes effect and terminating on the fourth anniversary of that date: Description of Work: Drill [XX] Exploration ▇▇▇▇▇; and undertake any additional geological and geophysical surveys and related activities as deemed necessary by the Contractor. Minimum Expenditure for this period : US $ 000.000 million. Second Extension Period Commencing on the day on which a second extension of the license granted to XXX Corporation pursuant to Article 3 takes effect and terminating on the third anniversary of that dated: Description of Work : Drill XX Exploration ▇▇▇▇▇; and undertake any additional geological and geophysical surveys and related activities as deemed necessary by the Contractor. Minimum Expenditure For this period : US $ 000.000 million. No exploration Well drilled by the Contractor shall be treated as discharging any obligation of the Contractor to drill Exploration ▇▇▇▇▇ hereunder unless it has been drilled to the depth or stratigraphic level agreed with the Minister, or before reaching such depth or stratigraphic level: (i) the economic basement is encountered or (ii) insurmountable technical problems are encountered which, in accordance with good oilfield practice, makes further drilling unsafe or impractical; provided that if the said well is abandoned owing to the said problems before reaching the economic basement, the Contractor shall drill a substitute Exploration Well in the Contract Area to the same minimum depth as aforesaid unless otherwise agreed with the Minister. For the purpose of this sub-article "economic basement" means any stratum...
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Exploration Programme. 7.7.1 Test Production and pilot commercial development during the Exploration Period shall be carried out on the basis of the plan of the performance of Exploration (Exploration Programme). The Exploration Programme shall be prepared in accordance with the Legislation and Good Practice of Field Exploration and Development. 7.7.2 Upon approval of the Exploration Programme and obtaining of the Nature Use Permit, the Contractor shall implement the Exploration Period [sic.]. The Contractor shall be obliged to finance and carry out only such Exploration work that was approved by the Exploration Programme. 7.7.3 Within the Exploration Programme the Contractor shall prepare, agree and have the Test Production Programme approved by the Central Commission For Development of Oil and Gas Fields ("CCD") of the Ministry of Energy and Mineral Resources of the Republic. 7.7.4 When necessary, the Contractor may apply to the Competent Authority for assistance in amending the Exploration Programme. All amendments to the Exploration Programme shall be made in accordance with the procedure provided by the Legislation.
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Exploration Programme 
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Related to Exploration Programme

  • Programme 13.1 Within the time stated in the Contract Data, the Contractor shall submit to the Engineer for approval a Programme showing the general methods, arrangements,' order and timing for all the activities for the construction of works. 13.2 The program shall be supported with all the details regarding key personnel, equipment and machinery proposed to be deployed on the works for its execution. The contractor shall submit the list of equipment and machinery being brought to site, the list of key personnel being deployed, the list of machinery/equipment being placed in field laboratory and the location of field laboratory along with the Programme.

  • Development Plans Customer has provided Provider with a report attached hereto as Exhibit D (the “Current Development Plan”) describing in detail, as of January 1, 2017, the planned development, drilling, production, processing, treating, marketing and other activities to take place with respect to Dedicated Production and Customer Injected NGLs for the applicable Development Period. The information contained in the Current Development Plan is, with respect to the first three Years covered by the Current Development Plan, on a Quarter-by-Quarter basis, and with respect to the remaining Years covered by the Current Development Plan, on a Year-by-Year basis. The Current Development Plan attached hereto has been approved by the Parties. (a) From time to time during each Year of the Term, the Parties shall meet to discuss the planned development, drilling, production, processing, treating, marketing and other activities that Customer expects to take place with respect to Dedicated Production and Customer Injected NGLs for the then-applicable Development Period. Customer and Provider shall each make their respective representatives available to participate in such meetings and discussions. No later than August 1 of each such Year, Customer shall provide (or cause to be provided) to Provider a proposed update of the then-currently agreed Development Plan, prepared on the same basis as the Current Development Plan and describing in detail the planned development, drilling, production, processing, treating, marketing and other activities to take place with respect to Dedicated Production and Customer Injected NGLs for the then-applicable Development Period (any such update, an “Updated Development Plan” and, together with the Current Development Plan, each, a “Development Plan”). (b) Each proposed Development Plan shall include information as to the following, in each case, broken out, with respect to the first three Years covered by such Development Plan, on a Quarter-by-Quarter basis, and, with respect to the remaining Years covered by such Development Plan, on a Year-by-Year basis: (i) forward-looking production estimates for the applicable time period covered by such Development Plan for all Customer Gas and Customer Injected NGLs (A) that Customer reasonably and in good faith believes will become owned or Controlled by Customer during the time period covered by such Development Plan, and/or (B) that will be produced from (I) in the aggregate, all ▇▇▇▇▇ then-existing and (II) in the aggregate, all ▇▇▇▇▇ that are expected to be drilled during the time period covered by such Development Plan (each such Well reflected in such Development Plan, a “Planned Well” and, such collective estimates described in subsections (A) and (B), both with respect to a particular Quarter and an entire Year, the “Dedicated Production Estimates”); TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**). (ii) (A) each new receipt point (including the location thereof) proposed by Customer with respect to the Dedicated Production Estimate reflected in such Development Plan (each such receipt point, a “Planned Receipt Point”), (B) each Receipt Point at which Customer expects to Tender Customer Gas or Customer Injected NGLs reflected in such Development Plan into the TGP System, and (C) the estimated portion of the Dedicated Production Estimate contained in such Development Plan that Customer expects to Tender at each such Receipt Point and Planned Receipt Point; (iii) (A) each new delivery point (including the location thereof) proposed by Customer with respect to the Dedication Production Estimate reflected in such Development Plan (each such delivery point, a “Planned Delivery Point”), (B) each Delivery Point at which Customer expects to Nominate Customer Residue Gas or Customer NGLs produced from the Dedicated Production Estimate reflected in such Development Plan to be redelivered to Customer, and (C) the estimated volumes of Customer Residue Gas and Customer NGLs produced from the Dedication Production Estimate contained in such Development Plan that Customer expects to Nominate to each such Delivery Point; (iv) the earliest date on which each Planned Receipt Point and Planned Delivery Point included in the Development Plan is required by Customer to be placed into service, which date shall not be earlier than three Months after the January 1st that is immediately subsequent to the date that the Development Plan that initially reflected such Planned Receipt Point or Planned Delivery Point was delivered to Provider hereunder; (v) the anticipated characteristics of the production from the ▇▇▇▇▇ and Planned ▇▇▇▇▇ reflected in such Development Plan (including liquids content and gas and liquids composition) and the projected production volumes and production pressures applicable thereto; provided that Customer may utilize the existing and historical production information from similarly situated ▇▇▇▇▇; (vi) any (A) proposed revision to the then-existing Dedicated Area and/or any then-existing Dedicated Contract and/or (B) any new contract that Customer proposes to be a Dedicated Contract; and (vii) other information reasonably requested by Provider that is relevant to the design, construction, and operation of the TGP System, including (A) any applicable Plant Expansion or Facilities Modification proposed by Customer, (B) the relevant Receipt Point and Planned Receipt Point facilities applicable to such Development Plan, and (C) the relevant Delivery Point and Planned Delivery Point facilities applicable to such Development Plan. TERMS IN THIS EXHIBIT HAVE BEEN REDACTED BECAUSE CONFIDENTIAL TREATMENT FOR THOSE TERMS HAS BEEN REQUESTED. THE REDACTED MATERIAL HAS BEEN FILED SEPARATELY WITH THE SECURITIES AND EXCHANGE COMMISSION, AND THE TERMS HAVE BEEN MARKED AT THE APPROPRIATE PLACE WITH TWO ASTERISKS (**).

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Feasibility Study Buyer is granted the right to conduct engineering and/or market and economic feasibility studies of the Property and a physical inspection of the Property, including studies or inspections to determine the existence of any environmental hazards or conditions (collectively, the “Feasibility Study”) during the period (the “Feasibility Period”) commencing on the Effective Date and ending at 5:00 p.m., Central Time, on the June 3, 2010. With Seller’s permission, after Seller has received advance notice sufficient to permit it to schedule in an orderly manner Buyer’s examination of the Property and to provide at least 24-hours’ advance written notice to any affected tenants, Buyer or its designated agents may enter upon the Property during normal business hours for purposes of analysis or other tests and inspections which may be deemed necessary by Buyer for the Feasibility Study. Buyer or its designated representative must be accompanied by a designated representative of Seller or have received Seller’s written permission prior to entering upon the Property in connection with Buyer’s Feasibility Study; provided, however, Buyer may not enter into any space leased by any tenant without being accompanied by a designated representative of Seller. Seller agrees to make its representative reasonably available during normal business hours. Buyer will not alter the physical condition of the Property or conduct invasive testing without notifying Seller of its requested tests, and obtaining the written consent of Seller to any physical alteration of the Property or invasive testing. Buyer will utilize commercially reasonable diligence to conduct or cause to be conducted all inspections and tests in a manner and at times which will not unreasonably interfere with any tenant’s use and occupancy of the Property. If Buyer determines, in its sole judgment, that the Property is not suitable for any reason for Buyer’s intended use or purpose, or is not in satisfactory condition, then Buyer may terminate this Contract by written notice to Seller prior to expiration of the Feasibility Period, in which case the ▇▇▇▇▇▇▇ Money (other than the Option Money) will be returned to Buyer, and neither party shall have any further right or obligation hereunder other than as set forth herein with respect to rights or obligations which survive termination. If this Contract is not terminated pursuant to this Section 5(a), then after expiration of the Feasibility Period, after Seller has received advance notice sufficient to permit it to schedule in an orderly manner Buyer’s examination of the Property and to provide at least 24-hours’ advance written notice to any affected tenants, Buyer or its designated agents may enter upon the Property during normal business hours. Buyer or its designated representative must be accompanied by a designated representative of Seller or have received Seller’s written permission prior to entering upon the Property; provided, however, Buyer may not enter into any space leased by any tenant without being accompanied by a designated representative of Seller. If this Contract is not timely terminated pursuant to this Section 5(a), Buyer’s right to terminate this Contract pursuant to this Section 5(a) and any and all objections with respect to the Feasibility Study will be deemed to have been waived by Buyer for all purposes.

  • Development Program A. Development activities to be undertaken (Please break activities into subunits with the date of completion of major milestones) B. Estimated total development time