MINIMUM EXPLORATION WORK OBLIGATION. 6.1 Contractor shall commence Exploration Operations hereunder not later than sixty (60) days after the Effective Date, as set forth in Article 6.6 and continue such Exploration diligently for the duration of the Exploration Period and any extensions thereto. 6.2 During the Initial Exploration Period Contractor shall carry out at least the following Minimum Exploration Program:
Appears in 2 contracts
Sources: Offshore Model Production Sharing Contract, Production Sharing Contract
MINIMUM EXPLORATION WORK OBLIGATION. 6.1 Contractor shall commence Exploration Operations hereunder not later than sixty (60) days after the Effective Date, as set forth in Article 6.6 and continue such Exploration diligently for the duration of the Exploration Period and any extensions thereto.
6.2 During the Initial Exploration Period Contractor shall carry out at least the following Minimum Exploration Program:
Appears in 1 contract
Sources: Production Sharing Contract