EXPLORATION WORK Clause Samples
The 'Exploration Work' clause defines the obligations and parameters for conducting exploration activities under an agreement, typically in the context of mining, oil and gas, or similar resource projects. It outlines what constitutes exploration work, such as geological surveys, drilling, sampling, or other investigative operations, and may specify standards, timelines, or reporting requirements for these activities. By clearly delineating the scope and expectations for exploration, this clause ensures both parties understand their responsibilities and helps prevent disputes over the adequacy or nature of the work performed.
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EXPLORATION WORK. (a) The parties acknowledge that the Joint Venture has spent at least three million dollars ($3,000,000) as Joint Venture Expenses on Exploration Work on the Property, during the period commencing March 8, 2000 and ending on December 31, 2001;
(b) The Management Committee shall determine the nature and extent of all Exploration Work to be carried out on the Property;
(c) Where the Management Committee approves the execution of Exploration Work on the Property, the Chairman of the Management Committee shall inform the Operator of the Management Committee’s decision and the Operator shall, pursuant to Section 6.1(a) hereof, submit a Plan and Budget in respect of the Exploration Work to the Management Committee outlining its proposed activities and expenditures. Thereafter, a Management Committee meeting shall be called on not less than 14 days notice to consider the Plan and Budget of the Operator and any submissions from the Participants. Details of the Plan and Budget shall be sent with the notice calling the meeting. If the said Plan and Budget is approved by the Management Committee, Exploration Work shall be forthwith commenced on the Property as a Joint Venture Expense. The Management Committee shall have the right to amend the said Plan and Budget from time to time.
EXPLORATION WORK. Operations performed by THE ASSOCIATE in search for and discovery of hydrocarbons in the Contract Area
EXPLORATION WORK. 4.1 Exploration Work shall mean all exploration and appraisal studies and operations in order to establish the existence of Hydrocarbons in commercially exploitable quantities, conducted in or in relation to the Area of Interest, either within the Exploration Permits or the Exploitation Concession(s), whether these activities are carried out within or outside Morocco. Exploration Work includes but is not limited to the following: · hydrographic, geodesic, meteorological and topographic studies and surveys, if these operations are necessary for the Exploration Work and, in the case of appraisal, operations to determine the limits and the productive capacity of a Hydrocarbon deposit in order to help in making a decision whether or not to develop such Hydrocarbon deposit; · geological and geophysical studies and surveys; · studies and surveys aimed at determining the locations of Exploration ▇▇▇▇▇ and Appraisal ▇▇▇▇▇; · drilling operations regarding Exploration ▇▇▇▇▇ and Appraisal ▇▇▇▇▇; and · tests and studies for the evaluation of reservoirs.
4.2 During the validity period of the Exploration Permits, Contractor Group agrees to perform the following Minimum Exploration Work Programmes and to devote sufficient funding thereto under the conditions and schedule set forth below:
4.2.1 Initial Period of two and a half (2.5) years,
(a) Contractor Group commits, during the Initial Period to carry out the following Minimum Exploration Work Program:
1) Post mortem study · Post mortem study of the previous ▇▇▇▇▇ drilled in the area; · Post mortem study of acquisition and processing parameters of the available 3D seismic in the Area of Interest.
2) Update the geological model · Hinterland and basinal reservoir rock relation
3) Acquisition, processing and interpretation of 500 sq. km. of 3D Seismic;
4) Reinterpretation of available 2D and 3D seismic data;
5) Geochemical and basin modeling studies;
6) Post processing seismic special studies on defined Prospects/Leads · Seismic inversion · AVO studies
7) Risk analysis and prospect ranking;
EXPLORATION WORK. 4.1 Exploration Work shall mean all exploration and appraisal studies and operations in order to establish the existence of Hydrocarbons in commercially exploitable quantities, conducted in or in relation to the Area of Interest, either within the Exploration Permits or the Exploitation Concession(s), whether these activities are carried out within or outside Morocco.
4.2 During the validity period of the Exploration Permits, KOSMOS agrees to perform the following Minimum Exploration Work Programs and to devote sufficient funding thereto under the conditions and schedule set forth below:
4.2.1 Initial Period of two (2) years and six (6) months:
(a) KOSMOS commits, during the Initial Period to carry out the following Minimum Exploration Work Program:
·1) Acquisition, processing and interpretation of 1200 km2 of Multi Azimuth 3D seismic and subsequent integration with block-wide interpretation;
·2) Special geophysical studies including AVO analysis over key prospects; and
·3) Risking and ranking of prospects. The estimated cost of such Minimum Exploration Work Program is four million US Dollars (US $4,000,000).
(b) After having completed the Minimum Exploration Work Program referred to in paragraph (a) above or subject to making the payment required in respect thereof pursuant to Articles 4.2.5 and 4.
EXPLORATION WORK. Are those operations executed by THE ASSOCIATE in relation to the search and discovery of Petroleum within the area of the contract. CHAPTER II - EXPLORATION
EXPLORATION WORK. 7.1 The Optionee hereby agrees with the Owner that where the Optionee is unable or unwilling to use the services of its own employees in conducting exploration, geological, geophysical, drilling, survey, or other work on the Property, as to any exploration, geological, geophysical, drilling, survey or other work activities prior to the Acquisition Date, the Optionee shall first offer to engage the service of the Owner under contract for the conduct and performance of all such work and provided the Owner is willing to conduct such work for a contract price which is competitive and in keeping with industry standards, the Optionee shall award said contract to the Owner.
EXPLORATION WORK. To the Corporation’s knowledge, all exploration work done by or on behalf of the Corporation on the ▇▇▇▇▇ Gold Project has been conducted in all material respects in accordance with all applicable workers' compensation and health and safety and workplace laws, regulations and policies.
EXPLORATION WORK. Those operations completed by THE ASSOCIATE regarding the search and discovery of Oil within the are of the contract. CHAPTER II - EXPLORATION
EXPLORATION WORK. Operations performed by THE ASSOCIATE in regard to the prospecting and discovery of Hydrocarbons in the Contracted Area.
EXPLORATION WORK. 4.1 Exploration Work shall mean all exploration and appraisal studies and operations in order to establish the existence of Hydrocarbons in commercially exploitable quantities, conducted in or in relation to the Area of Interest, either within the Exploration Permits or the Exploitation Concession(s), whether these activities are carried out within or outside Morocco. Exploration Work includes but is not limited to the following: · hydrographic, geodesic, meteorological and topographic studies and surveys, if these operations are necessary for the Exploration Work and, in the case of appraisal, operations to determine the limits and the productive capacity of a Hydrocarbon deposit in order to help in making a decision whether or not to develop such Hydrocarbon deposit. · geological and geophysical studies and surveys. · studies and surveys aimed at determining the locations of Exploration ▇▇▇▇▇ and Appraisal ▇▇▇▇▇; · drilling operations regarding Exploration ▇▇▇▇▇ and Appraisal ▇▇▇▇▇; · tests and studies for the evaluation of reservoirs.
4.2 During the validity period of the Exploration Permits, KOSMOS agrees to perform the following Minimum Exploration Work Programs and to devote sufficient funding thereto under the conditions and schedule set forth below:
4.2.1 Initial Period of two (2) years and six (6) months:
(a) KOSMOS commits, during the Initial Period to carry out the following Minimum Exploration Work Program:
·1) Acquisition, processing and interpretation of 1200 km2 of Multi Azimuth 3D seismic and subsequent integration with block-wide interpretation;
·2) Special geophysical studies including AVO analysis over key prospects; and
·3) Risking and ranking of prospects. The estimated cost of such Minimum Exploration Work Program is four million US Dollars (US $4,000,000).
(b) After having completed the Minimum Exploration Work Program referred to in paragraph (a) above or subject to making the payment required in respect thereof pursuant to Articles 4.2.5 and 4.