Drilling Reports and Records Clause Samples

Drilling Reports and Records. The Contractor shall maintain all statutory, regulatory and any other required records of its operations under the Agreement and shall at all times provide the Company with such data and information, including copies of any documents, as will permit the Company to comply with applicable statutory or other reporting obligations. Without prejudice to the generality of the foregoing, the Contractor shall keep and furnish to the Company a daily drilling report showing the relevant information in respect to hole sizes and depth for each hole section encountered in the Work and the formations penetrated, and shall prepare reports and records as requested including but not limited to a weekly BOP checklist, trip sheets and kick control sheets, and notify the Company immediately when any oil or gas-bearing formation is encountered and, if requested by the Company, save and prepare clean samples of formations drilled. The drilling report shall be made in the IADC-API Daily Drilling Report Form or other form acceptable to Company and the Contractor hereby agrees to comply in all respects with the Company’s reporting requirements. The Company shall at all times have complete access to all records and such other data as may be compiled by the Contractor relating to the Work. All such data and records shall, upon request, be delivered by the Contractor to the Company and shall belong exclusively to the Company.