OJSC Sample Clauses
OJSC. KMNGG shall maintain records and control hydrocarbons production at all licensed sites listed in Article 11 unless developed as a single entity.
OJSC. NAZYMGEODOBYCHA" shall measure the volumes and quantity of extracted Hydrocarbons by methods and instruments meeting applicable standards.
OJSC. NAZYMGEODOBYCHA" shall present to the Authorities an annual license progress report not later than March 1 each year, in the format and manner specified in Resolution "On Reporting on the Compliance with Subsurface Use Regulations" No. 142-171 adopted by the Committee for Geology and Subsurface Use and the Administration of the ▇▇▇▇▇▇-▇▇▇▇▇ Autonomous Area on July 15-20, 1994.
OJSC. KMNGG shall comply with the conditions of the minutes of the meeting on Geology and Technology between PO "Uraineftegaz" and SGE KMNGG on April 6, 1993.
OJSC. KMNGG shall operate in compliance with the Russian Law "On Protection and Use of Historical and Cultural Monuments" and include in the Project archaeological examination and indemnification for destruction of or damage to historical and cultural monuments.
OJSC. KMNGG undertakes to perform all operations in a safe and proper way according to applicable rules and requirements, and produce, to the extent practicable, minimal adverse impact on environment, including inter alia air, bodies of water, flora and fauna, other natural resources and property. In case of failures, accidents or other emergencies OJSC KMNGG shall take all possible steps to cope with the emergency, protect human lives and property, prevent and indemnify damage and its consequences to natural resources, environment and people's health.
OJSC. NAZYMGEODOBYCHA" shall develop the Licensed Area according to project specifications duly approved by the RCRD (CCD).
OJSC. NAZYMGEODOBYCHA" shall not be liable for any damage caused by the Authorities or third parties during the term hereof.
OJSC. NAZYMGEODOBYCHA" shall be entitled to terminate the Agreement at any time sending a written notification to the Authorities ninety (90) days prior to the desirable termination date. Such termination shall not exempt OJSC "NAZYMGEODOBYCHA" from fulfilling the outstanding obligations under the Agreement. The above obligations shall be met as required by the Agreement before delivering a termination notification.
OJSC. NAZYMGEODOBYCHA" shall provide for precise measuring of each producing well's production rate and each injection well's injectivity at least once a week, with a compulsory registration of the obtained data. The frequency of such recording may be further adjusted subject to actual productivity.