Minimum Work Programme definition
Examples of Minimum Work Programme in a sentence
Work Programme and Budgets for the Exploration Period shall include work sufficient to meet the relevant Minimum Work Programme with respect to each Exploration Phase specified in this Article 5.
The Minister shall approve the Work Programmes if they comply with: (i) the Minimum Work Programme, the Exploration Plan and the Development Plan, as applicable; (ii) the terms of the Accounting Procedures and the other terms and conditions of this Agreement; (iii) Best International Industry Standards and Practices; (iv) the Environmental and Safety Management System, and (v) the Applicable Laws.
In case the Minimum Work Programme of any particular Exploration Phase is completed before stipulated time as provided in the Article 3.2 and 3.3, the time so saved will be added to the next Exploration Phase, if so requested by the Contractor giving a notice in writing to the Government thirty (30) days prior to such early completion of the Phase and in that event the provision of the Article 3.5 (a) shall apply immediately after such early completion of the Phase.
In case the Minimum Work Programme of any particular Exploration Phase is completed before stipulated time as provided in the Article 3.2, the time so saved will be added to the next Exploration Phase, if so requested by the Contractor giving a notice in writing to the Government thirty (30) days prior to such early completion of the Phase and in that event the provision of the Article 3.4 (a) shall apply immediately after such early completion of the Phase.
Work Programme and Budgets for the Exploration Period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to each Exploration Phase specified in this Article 5.
Contractor shall not be released of its work and financial obligations under this Agreement if it fails to carry out the Minimum Work Programme to the Minister’s satisfaction.
The management committee shall give its recommendation, on additional, substituted or alternate work programme or payment to the Government for unfinished work programme, to the Government within sixty (60) days from the date of notice given by the Government of non-fulfillment of the Minimum Work Programme.
However, in case of Well(s) which have not been drilled to the depth specified in the Minimum Work Programme, the Contractor shall pay LD for the entire Well, irrespective of the metreage left to be drilled.
Work Programme and Budgets for the exploration period shall include work sufficient to meet the relevant Mandatory Work Programme and Minimum Work Programme with respect to Initial Exploration Period specified in this Article 5.
At the end of the Initial Exploration Period, the Contractor shell have option to relinquish entire area after completion of Minimum Work Programme or proceed to the Subsequent Exploration Period and retain the block by committing to carry out drilling of one well each year in Contract Area ( in case of onland and shallow water blocks)/one well in 3 years in Contract Area (in case of deepwater blocks).