Exploration Period. 6.1. The Exploration Period shall be for a period not exceeding five (5) Contract Years from the Effective Date, divided into:
Appears in 3 contracts
Samples: Sharing Agreement, Sharing Agreement, oilnow.gy
Exploration Period. 6.1. The Exploration Period shall be for a period not exceeding five ten (510) Contract Years from the Effective Date, divided into:
Appears in 2 contracts
Samples: Model Production Sharing Agreement, Production Sharing Agreement