Common use of Additional Exploration Clause in Contracts

Additional Exploration. THE CONTRACTOR may perform additional Exploration Operations to those contained in the Minimum Exploration Program or in the Subsequent Exploration Program, without having to modify the term agreed upon for the execution of the Minimum Exploration Program or the Subsequent Exploration Program of the phase in progress or of the following phases. In order to exercise this right, THE CONTRACTOR shall inform THE A▇▇ in advance of the additional Exploration Operations that it intends to pursue. If said additional Exploration Operations are the same as those described in the Minimum Exploration Program of the following Phase, THE A▇▇ may count said Exploration Operations as fulfillment of the exploration obligations agreed upon for the following phase. Conversely, if THE CONTRACTOR wishes to count these additional Exploration Operations as fulfillment of the exploration obligations agreed upon for the following phase, if there is one, THE CONTRACTOR must request this, in writing, from THE A▇▇ who will judge whether it accepts this request or not. If THE A▇▇ accepts the request, THE A▇▇ will determine the manner, either entirely or partially, in which the additional Exploration Operations of the following Exploration Period will be credited.