Common use of HSE Standards Clause in Contracts

HSE Standards. (i) Each Party Operator shall be required to maintain health, safety and environmental policies and programs covering Development Operations and Area-Wide Operations conducted by such Party Operator in its Operated Area (as amended and modified from time to time, an “HSE Program”). Each Party Operator shall conduct (i) regular audits and reviews of its HSE Program and (ii) an annual review of its HSE Program. Prior to conducting an annual review of its HSE Program, each Party Operator shall give each other Party reasonable advance notice of such annual review and an opportunity to reasonably participate in such annual review. (ii) Each Party Operator shall submit to the HSE Committee, promptly after such annual review is completed, a written description describing in reasonable detail the results and findings of such annual review. Each Party Operator shall meet at least quarterly with the HSE Committee to review and discuss such Party Operator's HSE Program and its compliance therewith.

HSE Standards. (i) Each Party Operator shall be required to maintain health, safety and environmental policies and programs covering Development Operations and Area-Wide Operations conducted by such Party Operator in its Operated Area (as amended and modified from time to time, an “HSE Program”). Each Party Operator shall conduct (i) regular audits and reviews of its HSE Program and (ii) an annual review of its HSE Program. Prior to conducting an annual review of its HSE Program, each Party Operator shall give each other Party reasonable advance notice of such annual review and an opportunity to reasonably participate in such annual review. (ii) Each Party Operator shall submit to the HSE Committee, promptly after such annual review is completed, a written description describing in reasonable detail the results and findings of such annual review. Each Party Operator shall meet at least quarterly with the HSE Committee to review and discuss such Party Operator's ’s HSE Program and its compliance therewith.