Minimum Exploration Work Programme definition

Minimum Exploration Work Programme means the Exploration work to which Contractor has committed itself for each phase of the Exploration Period in accordance with Article 7.
View Source
Minimum Exploration Work Programme means the work programme specified in Article 11.
View Source

Examples of Minimum Exploration Work Programme in a sentence

  • The Contractor shall not be released of its work and financial obligations under this Agreement if it fails to carry out the Minimum Exploration Work Programme to the Minister’s satisfaction.

  • The Minister may deny approval of the Work Programmes if the Contractor (i) does not comply with the Minimum Exploration Work Programme, or the additional commitments made for the Appraisal Period and, or Retention Period; (ii) the Work Programme submitted during the Development Period modifies the Development Plan, and (iii) the Work Plan does not comply with Best International Industry Standards and Practices.

  • During the Exploration Period, the Work Programmes shall comply with the Minimum Exploration Work Programme, and the Exploration Plan, and during any Development Period, the Work Programmes shall comply with the relevant Development Plan.

  • The third renewal of the Petroleum Exploration Licence is subject to the Contractor having fulfilled the Minimum Exploration Work Programme specified in Article 11.4 to the satisfaction of the Minister and relinquishment of areas pursuant to Article 9.

  • The Exploration Plan shall provide for, at minimum, the performance of all of the activities provided for in the Minimum Exploration Work Programme and set out the Petroleum Operations and estimated expenditure that Contractor proposes to undertake during the term of the Petroleum Exploration Licence.

  • The renewal of the Petroleum Exploration Licence is subject to the Contractor having fulfilled the Minimum Exploration Work Programme specified in Article 11.2 to the satisfaction of the Minister and relinquishment of areas pursuant to Article 9.

  • Approval of changes to the approved Work Programmes is at the discretion of the Minister upon satisfaction that the amended Work Programme complies with applicable laws, the terms and conditions of this Agreement (including the Minimum Exploration Work Programme, the Exploration Plan and, as the case may be, the Development Plan), the Environmental and Safety Management System and Best International Industry Standards and Practices.

  • Within ninety (90) days after completion of the Minimum Exploration Work Programme under Articles 7.2, 7.3 and 7.4 respectively, and Work Programme under Article 6 and Appraisal Programme or Assessment Programme under Article 13, Contractor shall prepare and present to the Minister a comprehensive technical and commercial evaluation of the Petroleum potential of those portions of the Contract Area for which Exploration Operations and other activities have been performed or evaluated by the work conducted.

  • The Contractor may request such renewal only if it: (i) has fully complied with the Minimum Exploration Work Programme required for the Exploration Period in question specified in Article 11 of this Agreement, and (ii) agrees to perform the Minimum Exploration Work Programme related to the respective renewal period in accordance with Article 11.

  • In the event the Contractor desires to relinquish its rights hereunder in the whole of the Contract Area without having fulfilled all accrued Minimum Exploration Work Programme under Article5, it shall pay to TPDC, prior to the date of such proposed total relinquishment, the sum equal to the remaining amount of the non-discharged guarantees corresponding to such accrued, but unfulfilled work obligations.

Related to Minimum Exploration Work Programme

  • Work Programme means the document adopted by the Commission for the implementation of the specific programme28 in accordance with its Article 12 or the equivalent document in content and structure adopted by a funding body.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • Exploration Operations means any operations carried out for or in connection with the exploration for minerals, and includes -

  • Annual Work Plan means each annual work plan, together with the related budget, for the Project approved by the Association pursuant to the provisions of Section I.B.3 of Schedule 2 to this Agreement.

  • Work Program means a program of work reasonably acceptable to both parties in respect of a particular Property, contained in a written document setting out in reasonable detail; (i) An outline of the Mining Operations proposed to be undertaken and conducted on the Property, specifically stating the period of time during which the work contemplated by the proposed program is to be done and performed; (ii) The estimated cost of such Mining Operations including a proposed budget providing for estimated monthly cash requirements in advance and giving reasonable details; and (iii) The identity and credentials of the person or persons undertaking the Mining Operations so proposed if not the Optionor, reasonably acceptable to both parties hereto.