MINIMUM EXPLORATION WORK PROGRAMME Clause Samples

The Minimum Exploration Work Programme clause sets out the specific exploration activities and commitments that a party, typically an oil, gas, or mineral exploration company, must complete within a defined period under a contract or license. This clause details the types and quantities of work required, such as seismic surveys, drilling a certain number of wells, or spending a minimum amount on exploration. By clearly defining these obligations, the clause ensures that the license holder actively explores the area and prevents them from holding rights without making progress, thereby promoting resource development and discouraging speculative hoarding of exploration rights.
MINIMUM EXPLORATION WORK PROGRAMME. 7.1 Contractor shall commence Exploration Operations hereunder within ninety (90) days after the Effective Date. Such Exploration Operations shall be diligently and continuously carried out in accordance with sound and current international Petroleum industry practices for the duration of the Exploration Period. 7.2 During the first phase of the Exploration Period, Contractor shall carry out to the value of ………………. United States Dollars (US$................) at least the following Minimum Exploration Work Programme consisting of ………… Work Units:
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MINIMUM EXPLORATION WORK PROGRAMME. BANK GUARANTEE 4.1 In discharge of its obligation to carry out Exploration operations in the Contract Area, Contractor shall, in accordance with the provisions of this Article, carry out the Minimum Exploration Work Programmes and shall expend the corresponding Minimum Expenditures as follows: 4. 1.1 Initial Exploration Period Commencing on the day on which the Exploration Licence becomes effective and terminating on the fourth anniversary of such date, the following Exploration work shall be carried out: (a) Minimum Work Programme: (i) geological and geophysical work: (to be specified); (ii) Exploration drilling: the drilling and evaluation of at least ______ (___)
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MINIMUM EXPLORATION WORK PROGRAMME. (1) Subject to the other relevant provisions of this Agreement, the Company shall carry out with expedition and due diligence in the Agreement Area the minimum exploration programme of work specified in any period referred to or identified in Part I of the Second Schedule to this Agreement. (2) Where the Company fails to carry out any part of the minimum exploration work programme specified in Part I of the Second Schedule to this Agreement for a period, Part II of that Schedule shall apply for the purpose of determining the amount (if any) payable by the Company to the Government at the end of such period for that failure, it being agreed that it shall be without prejudice to any other right which the Government may have under this Agreement in respect of that failure and that the amount so payable represents the loss to the Government by reason of the failure and is not a mere penalty. (3) For so long as the Exploration Phase continues, the Company shall, within thirty (30) days after the end of each month of that phase, submit to the Minister a detailed written report giving particulars of the exploration carried out in that month. (4) Where any portion(s) of the minimum exploration work programme obligations relating to the Exploration Phase remains outstanding at the time of the commencement of the Development Phase, any such outstanding portions of the work programme shall pertain to acreage outside the Development Area.
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Related to MINIMUM EXPLORATION WORK PROGRAMME

  • Work Progress The Developer and Connecting Transmission Owner will keep each other, and NYISO, advised periodically as to the progress of their respective design, procurement and construction efforts. Any Party may, at any time, request a progress report from the Developer or Connecting Transmission Owner. If, at any time, the Developer determines that the completion of the Connecting Transmission Owner’s Attachment Facilities will not be required until after the specified In-Service Date, the Developer will provide written notice to the Connecting Transmission Owner and NYISO of such later date upon which the completion of the Connecting Transmission Owner’s Attachment Facilities will be required.

  • PROJECT WORK PLAN The Statement of Work is the formal document incorporated into the Grant. The Project Work Plan documents how the Grantee will achieve the performance measures outlined in the Grant. Changes to the Statement of Work require an amendment. Project Work Plans may be changed with written approval from DFPS and the Grantee.

  • Work Plan [Procuring Entity shall provide main features of the work plan that the Tenderer should provide in the tender for carrying out the contract, from beginning to the end].

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Modified Work Program The Employer shall provide modified work for any employee injured on the job as per the requirements of the Workers’ Safety and Insurance Board. The employee must co-operate in developing and participating in, a modified work program suited to his capabilities, and with the approval of his physician and/or the WSIB. Both the Employer and the employee shall work together to return the employee to good health and his regular duties.