Common use of Second Extension Period Clause in Contracts

Second Extension Period. Commencing at the end of the First Extension and terminating at the end of seventh year of Contract Period. v. Description of Work 1. Undertake Environmental Studies 2. Undertake Geotechnical Studies 3. Prospectivity Studies over areas of interest 4. Seismic Studies

Appears in 2 contracts

Sources: Petroleum Licence Agreement, Petroleum Licence Agreement