MINIMUM EXPLORATION WORK PROGRAMME BANK GUARANTEE Clause Samples

MINIMUM EXPLORATION WORK PROGRAMME BANK GUARANTEE. 4.1 In discharge of its obligation to carry out Exploration operations in the Contract Area, Contractor shall, in accordance with the provisions of this Article, carry out the Minimum Exploration Work Programmes and shall expend the corresponding Minimum Expenditures as follows: 4.1.1 Initial Exploration Period Commencing on the day on which the Exploration Licence becomes effective and terminating on the fourth anniversary of such date, the following Exploration work shall be carried out: (a) Minimum Work Programme: (i) geological and geophysical work: (to be specified); (ii) Exploration drilling: the drilling and evaluation of at least ( ) Exploration ▇▇▇▇▇. The drilling programmes shall adequately test the estimated Petroleum bearing horizons.
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Related to MINIMUM EXPLORATION WORK PROGRAMME BANK GUARANTEE

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  • PROJECT WORK PLAN The Statement of Work is the formal document incorporated into the Grant. The Project Work Plan documents how the Grantee will achieve the performance measures outlined in the Grant. Changes to the Statement of Work require an amendment. Project Work Plans may be changed with written approval from DFPS and the Grantee.

  • PREVAILING WAGE RATES - PUBLIC WORKS AND BUILDING SERVICES CONTRACTS If any portion of work being Bid is subject to the prevailing wage rate provisions of the Labor Law, the following shall apply:

  • Work Plan [Procuring Entity shall provide main features of the work plan that the Tenderer should provide in the tender for carrying out the contract, from beginning to the end].