Evaluation Work Program Clause Samples

Evaluation Work Program. 5.2.1 If the Contractor considers that the Discovery merits Evaluation it will diligently submit to the Ministry a detailed evaluation work program and corresponding budget no later than six (6) months following the date on which the Discovery was reported in accordance with Article 5.1 The evaluation work program, corresponding budget and designated Evaluation Area are subject to the review and approval of the Ministry in accordance with the procedures established in Article 4. 5.2.2 The rough draft of the evaluation work program will specify the estimated size of the Hydrocarbon reserves of the Discovery, the area to be designated as the Evaluation Area and will include all seismic, drilling, testing and evaluation operations necessary to carry out an appropriate evaluation of the Discovery. The Contractor will diligently undertake the approved evaluation work program, it being understood that the provisions of Article 4.4 will apply to the program. 5.2.3 The duration of the evaluation work program will not exceed twenty-four (24) months for Crude Oil and in the case of Natural Gas, the duration of the evaluation work program will be determined in accordance with the provisions of Article 13, unless otherwise approved by the Ministry. The Ministry's approval of the request will not be denied or delayed without reasonable justification.