Performance of Exploration Clause Samples

The 'Performance of Exploration' clause defines the obligations and standards for conducting exploration activities under an agreement, typically in the context of natural resources or mining. It outlines the requirements for how exploration work should be carried out, such as adhering to industry best practices, meeting specified timelines, and complying with relevant laws and regulations. This clause ensures that exploration is performed responsibly and efficiently, minimizing disputes over the quality or timeliness of the work and protecting the interests of all parties involved.
Performance of Exploration. (a) If the Contractor completes the Minimum Exploration Work Requirements within the required timeframe for each Period of Exploration to the satisfaction of the Ministry and upon receipt of proof acceptable to the Ministry from the Contractor, the Contractor shall have a right to proceed to any subsequent Period. (b) The following work does not qualify as fulfilling the Minimum Exploration Work Requirements: (i) Work carried out prior to the Effective Date; (ii) Work carried out after the termination of the Period or any extension thereof agreed to in writing by the Ministry; (iii) Work carried out not related to the Contract Area; (iv) Work which is not carried out in accordance with an agreed Work Programme (including as amended in accordance with Article 4.6); (v) Appraisal ▇▇▇▇▇, seismic surveys or any other Petroleum Operations which are carried out as part of an Appraisal or any work carried out as part of the Development of a Commercial Discovery in accordance with Article 4.9; or (vi) Work which does not qualify as Petroleum Operations under this Contract. (c) Except with the consent of the Ministry, no work in a Development Area will be regarded as Exploration for the purpose of this Article 4, Article 8 and Annex C, except in respect of a formation deeper than the Field concerned and in which no Discovery has been made. (d) Any Well required in a Period of Exploration shall be drilled to such depth as is necessary to ensure penetration and allow for the proper testing of the prospective zone, even if that requires drilling beyond the minimum depth requirement set out in the Minimum Exploration Work Requirements, unless before reaching such depth basement is encountered as agreed to and approved by the Ministry. (e) Additional line kilometres of seismic data and additional ▇▇▇▇▇ or further drilling beyond the minimum required in each Period under the Minimum Exploration Work Requirements may, with the prior approval of the Ministry, which will not be unreasonably withheld, be carried forward to meeting the minimum obligations for seismic data or exploration ▇▇▇▇▇, as the case may be, under the Minimum Exploration Work Requirements for a subsequent Period, provided that such a work obligation exists in the subsequent Period and the Minimum Exploration Work Requirement for each Period (including any preceding Period) is fulfilled. (f) Subject to Article 4.6(g), the Contractor may discontinue a Drilling Operation if, in the course of drilling a Well...
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Performance of Exploration. (a) If the Contractor completes the Minimum Exploration Work Requirements within the required timeframe for each Period of Exploration to the satisfaction of the Ministry and upon receipt of proof acceptable to the Ministry from the Contractor, the Contractor shall have a right to proceed to any subsequent Period. (b) The following work does not qualify as fulfilling the Minimum Exploration Work Requirements: (i) Work carried out prior to the Effective Date; (ii) Work carried out after the termination of the Period or any extension thereof agreed to in writing by the Ministry; (iii) Work carried out not related to the Contract Area; (iv) Work which is not carried out in accordance with an agreed Work Programme, including as amended in accordance with Article 4.6; (v) Appraisal ▇▇▇▇▇, seismic surveys or any other Petroleum Operations which are carried out as part of an Appraisal other than Appraisal ▇▇▇▇▇ referenced in Articles
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Related to Performance of Exploration

  • Performance of the Services In addition to the Common Articles, it is specified that:

  • Performance of the Company The Company shall have performed, satisfied and complied in all material respects with all covenants, agreements and conditions required by this Agreement and the Registration Rights Agreement to be performed, satisfied or complied with by the Company at or prior to the Commencement. The Company shall deliver to the Investor on the Commencement Date the compliance certificate substantially in the form attached hereto as Exhibit C (the “Compliance Certificate”).

  • PERFORMANCE OF THE CONTRACT II.1.1. The Contractor shall perform the Contract to the highest professional standards. The Contractor shall have sole responsibility for complying with any legal obligations incumbent on him, notably those resulting from employment, tax and social legislation. II.1.2. The Contractor shall have sole responsibility for taking the necessary steps to obtain any permit or licence required for performance of the Contract under the laws and regulations in force at the place where the tasks assigned to him are to be executed. II.1.3. Without prejudice to Article II.3 any reference made to the Contractor’s staff in the Contract shall relate exclusively to individuals involved in the performance of the Contract. II.1.4. The Contractor must ensure that any staff performing the Contract have the professional qualifications and experience required for the execution of the tasks assigned to them. II.1.5. The Contractor shall neither represent the Agency nor behave in any way that would give such an impression. The Contractor shall inform third parties that he does not belong to the European public service. II.1.6. The Contractor shall have sole responsibility for the staff who execute the tasks assigned to him. II.1.7. In the event of disruption resulting from the action of a member of the Contractor's staff working on Agency premises or in the event of the expertise of a member of the Contractor's staff failing to correspond to the profile required by the Contract, the Contractor shall replace him without delay. The Agency shall have the right to request the replacement of any such member of staff, stating its reasons for so doing. Replacement staff must have the necessary qualifications and be capable of performing the Contract under the same contractual conditions. The Contractor shall be responsible for any delay in the execution of the tasks assigned to him resulting from the replacement of staff in accordance with this Article. II.1.8. Should any unforeseen event, action or omission directly or indirectly hamper execution of the tasks, either partially or totally, the Contractor shall immediately and on his own initiative record it and report it to the Agency. The report shall include a description of the problem and an indication of the date on which it started and of the remedial action taken by the Contractor to ensure full compliance with his obligations under the Contract. In such event the Contractor shall give priority to solving the problem rather than determining liability. II.1.9. Should the Contractor fail to perform his obligations under the Contract in accordance with the provisions laid down therein, the Agency may - without prejudice to its right to terminate the Contract - reduce or recover payments in proportion to the scale of the failure. In addition, the Agency may impose penalties or liquidated damages provided for in Article II.16.

  • Performance of Reviews The RIRs shall send a request for review to the Operator per email, where they shall specify the areas they request a review for. The Operator must comply with the request by providing the requested information within five working days. The review may include an onsite inspection. In this case the RIRs and the Operator must agree on a specific date for the inspection to take place, which may not be later than sixty calendar days from the date of the request.

  • Performance of Contracts The Company shall not materially ------------------------ amend, modify, terminate, waive or otherwise alter, in whole or in part, any of the Employee Nondisclosure and Developments Agreements without the consent of the Company's Board of Directors.