InterOil Services Clause Samples

InterOil Services. In accordance with the Operator Standard, InterOil will or cause its Subsidiaries to use commercially reasonable efforts to perform, or cause to be performed, all work necessary to cause the Designated Exploration W▇▇▇▇ and Optional Exploration W▇▇▇▇ to be drilled to Total Depth. Without limiting the foregoing, InterOil will: (a) Acquire all permits, consents and other governmental approvals necessary to drill such w▇▇▇▇ to Total Depth, and otherwise exercise commercially reasonable efforts in accordance with the Operator Standard to comply with the applicable PPL and other governmental laws and regulations, including without limitation, the Oil and Gas Act and the Regulation; (b) Construct access roads, clear and prepare the drill site; (c) Arrange for a drilling rig reasonably capable of drilling the Exploration Well to the proposed Total Depth; (d) Spud and drill to Total Depth the Exploration Well; (e) Provide all materials, services and labor reasonably necessary for drilling the Exploration Well to Total Depth in a good and workmanlike manner in accordance with customary oilfield practice and the Operator Standard; (f) Make reasonable tests of formations encountered during drilling which give indication of containing oil and gas in quantities sufficient, in the opinion of InterOil, to test; (g) If the well is unsuccessful, plug and abandon the well location, and restore the surrounding area as required by the applicable Licence and governmental regulations; (h) Retain and pay for such supervisory and technical employees having engineering, geological or other professional skills necessary for operations hereunder; (i) Receive, approve and timely pay, before they are delinquent, invoices for materials, services and labor provided hereunder; (j) Pay or cause to be paid all taxes imposed on or with respect to production or handling of each party’s share of Petroleum produced under the terms of this Agreement; (k) Handle, settle or otherwise discharge at the joint expense of the parties hereto any claim or suit arising out of operations hereunder; and (l) Prepare and file on behalf of the parties hereunder such operational notices, reports, applications or certifications as may be required by any governmental or quasi-governmental body having jurisdiction of the Licence Areas.