Common use of Exploration Plan Clause in Contracts

Exploration Plan. The Exploration Plan shall contemplate all exploration activities to be developed in the Contract Area during its effectiveness and shall mandatorily consider the Minimum Exploration Program and compliance with the Local Content.

Appears in 13 contracts

Sources: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement

Exploration Plan. The Exploration Plan shall contemplate document specifying all exploration activities to be developed in the Contract Area during its effectiveness the Exploration Phase, as well as their physical and shall financial planning, and which should mandatorily consider contemplate the Minimum Exploration Program and compliance with the Local ContentProgram.

Appears in 9 contracts

Sources: Production Sharing Agreement, Production Sharing Agreement, Production Sharing Agreement