Geophysical Clause Samples
The Geophysical clause defines the rights and obligations of parties regarding the performance and use of geophysical surveys or studies on a property. Typically, this clause allows a buyer or lessee to conduct tests such as seismic, soil, or subsurface investigations to assess the property's suitability for their intended use. It often outlines notice requirements, access permissions, and restoration obligations if the property is disturbed. The core function of this clause is to ensure that the party interested in acquiring or leasing the property can gather necessary technical information while protecting the property owner's interests and minimizing potential damage.
Geophysical i. Design, conduct and process a new full fold 3D seismic survey of at least (…………) square kilometres of full fold 3D seismic to the value of ………… United States Dollars (US$ ) with shooting to commence within ………(…) Months after the Effective Date; and;
ii. Evaluate, integrate and map all seismic data related to the Contract Area. The first renewal of the Petroleum Exploration Licence is subject to the Contractor having fulfilled the minimum Exploration Work Programme specified in Article 11.2 to the satisfaction of the Minister and relinquishment of areas pursuant to Article 9. The Contractor shall not be released of its work and financial obligations under this Agreement if it fails to carry out the Minimum Exploration Work Programme to the Minister’s satisfaction.
Geophysical. (i) Design, conduct and process a new full fold 3D seismic survey of at least…………………………………… square kilometres of full fold 3D seismic to the value of approximately United States Dollars (US$....................) equivalent to ………… Work Units with shooting to commence within…………………Months after the Effective Date; and
(ii) Evaluate, integrate and map all seismic data related to the Contract Area.
Geophysical i) Purchase/License (where multi-client seismic data is available) or acquire at least --------- lkm (2D) and ▇▇.▇▇. (3D) of high resolution seismic data commencing at the earliest after the Effective Date.
ii) Evaluate, integrate and map all seismic data related to the Contract Area.
Geophysical. (i) Acquire and process to industry standards at least …………………………… (………) square kilometres of full fold 3D seismic to the value of approximately ………………………………… United States Dollars (US$.......) equivalent to ……… Work Units;
(ii) Evaluate, integrate and map all seismic data related to the Contract Area;
Geophysical. (i) Acquire and process to industry standards at least square kilometres of full-fold 3D seismic to the value of approximately United States Dollars (USD ) equivalent to Work Units.
(ii) Evaluate, integrate and map all seismic data related to Contract Area.
Geophysical. Task 1: shall provide with a detailed review of the techniques that have merit tor determining the nature ot fractures at three specific sites on the Bolivar Coast. Each of the above sites shall be considered in of its own underground characteristics, such as saturation, fluid material-type. The techniques to be evaluated shall include, but shall hot be limited to, surface based radar, electrical self-potential, two-loop mutual electrical reslstivity, seismic transmission, borehole-to-borehole Task 2: provide with ions for implementation of a reconnaissance system for detecting cracks voids within the dikes along with Bolivar Coast of Maracaibo. Three shall be evaluated for the dikes, Mutual and of the Mass. first two techniques are for delineating voids in the dikes and the third for detecting seepage paths under the dikes. Based on these evaluations, shall design a system plan an experimental program to test will jointly review this plan decide to proceed with system fabrication field tests, as a of this if the decision is made to proceed, such activities shall be the subject of a future Amendment to this Agreement. these samples to for purposes of electrical characterization. shall provide to measured values or data ▇▇▇▇ A decision to this task shall be made by the Parties at a later date and, if included, it shall be the subject of a future Amendment to Implementing Agreement.
Geophysical i) Carry out and process to state-of-the art standards at least -------------------- sq. km. (3D) and -------------lkm (2D) of high resolution seismic program commencing within days after the Effective Date.
ii) Evaluate, integrate and map all seismic data related to the Contract Area.
Geophysical. (i) Acquire and process to industry standards at least ( ) square kilometres of full fold 3D seismic to the value of approximately Million United States Dollars (USD ) equivalent to Work Units with shooting to commence within fifteen (15) months after the Effective Date;
(ii) Evaluate, integrate and map all seismic data related to the Contract Area.
Geophysical. (i) Any one of the following options is considered fulfilment of the Exploration Programme for acquisition of New Seismic Data:
a) Design and conduct a new full fold proprietary 3D seismic survey of at least…………………………………… square kilometres to the value of approximately ……………………United States Dollars (US$....................) equivalent to ………… Work Units with shooting to commence within…………………Months after the Effective Date and process the acquired seismic data from this survey to industry standard;
b) Permit a Multi-Client Company to acquire a full fold 3D Hybrid Seismic Survey and process the acquired seismic data from this survey to industry standard over the licenced acreage equivalent to the coverage specified in 7.2 (a)(i)(a) to the value of approximately ……………. United States Dollars ($US………………………) equivalent to… Work Units with shooting to commence within the time specified in 7.2(a)(i)(a); or
c) License full fold 3D Multi-Client Seismic Data over the licenced acreage equivalent to the coverage specified in 7.2 (a)(i)(a) to the value of approximately…….United States Dollars (US$............) equivalent to ………….. Work Units within the time specified in 7.2 (a)(i)(a).
(ii) License 2D Multi-Client Seismic Data of at least … Line kilometres to the value of approximately … United States dollars (US$...) equivalent to…..
Geophysical. (i) Contractor shall acquire and process new seismic data of at least………..square kilometres through any one of the following methods, with a value of approximately…… United States Dollars (US