Minimum Exploratory Program Sample Clauses

Minimum Exploratory Program work schedule provided for in Annex II to be met by the Concessionaire during the Exploration Phase.
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Minimum Exploratory Program. This is the Exploration Operations program which has been agreed upon in Clause 5 hereto (Number 5.1), which THE CONTRACTOR commits to perform, at least, during each phase of the Exploration Period in which he might enter.
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Minimum Exploratory Program. 5.7 The Concessionaire must perform the obligations relating to the Minimum Exploratory Program on the terms and conditions described in Annex II of this Contract.
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Minimum Exploratory Program. During the Exploration Phase, the Consortium Members should fully implement the Minimum Exploratory Program, as established in Annex II – Minimum Exploratory Program. For the purposes of compliance with the Minimum Exploratory Program, the drilled xxxxx should achieve the stratigraphic objective at a depth sufficient to establish its potential in Petroleum and Natural Gas, as defined in Annex II - Minimum Exploratory Program. ANP may accept other stratigraphic objectives with Prospectuses through a technical justification. For the purpose of compliance with the Minimum Exploratory Program, exclusive and non-exclusive data may be used considering only the data collected within the Area of the Contract. For the purposes of compliance with the Minimum Exploratory Program, only surveys that meet the criteria laid down in Annex II Annex II - Minimum Exploratory Program and whose data have been delivered according to the procedures and requirements established by ANP will be accepted. The partial or complete noncompliance of the Minimum Exploratory Program implies the full right termination of the Contract, without prejudice to the implementation of the financial guarantees of exploratory activities and the implementation of feasible sanctions. The exception to the provision above is the Development Areas eventually retained by the Contracted Party. For the acquisition of unique data, the Contractor may hire data acquisition companies (EAD), provided they are previously complied with the requirements set out in regulatory standards edited by ANP, and that these companies are duly registered and settled with the Agency. For the purposes of compliance with the Minimum Exploratory Program only data whose acquisition and formatting have attended to all the requirements defined in technical standards established by the Agency will be considered. Options after the Conclusion of the Exploration Phase After the Exploration Phase is over and the activities related to the Minimum Exploratory Program are carried out, the Consortium Members may: Retain area under Development or Evaluation of Discovery. Fully return the Area of the Contract.
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Minimum Exploratory Program. The Concessionaire must perform the obligations relating to the Minimum Exploratory Program on the terms and conditions described in Annex II. The Concessionaire may perform additional exploratory activities to the Minimum Exploratory Program from any Exploratory Phase by presenting ANP the additional work schedule before the beginning of its implementation. If the Concessionaire completes a well as additional activity to the Minimum Exploratory Program of the first Exploratory Phase, it can request to ANP, which shall decide at its sole discretion which the commitment regarding the second Exploratory Phase is considered completed in advance. For the Concession Areas located in the Sedimentary Basins of Parnaíba, Potiguar and Recôncavo, the first well drilled in the Exploration Phase shall cross the minimum required stratigraphic objective, forcing the concessionaire to perform well profiles, sampling and specific analysis, as detailed in the Final Tender Protocol. If the Concessionaire finish within four (4) Concession Areas in the same sector, the requirement to cross the minimum required stratigraphic objective is restricted to only one of the auctioned Concession Areas, provided that: the Concession Areas in question have the same composition of concessionaires, including with regard to their participation in the consortium. If the Concessionaire finish more than four (4) Concession Areas in the same sector, for the second well drilled in the Exploration Phase shall be repeated the same paragraph 5.11 of the procedure, remaining valid, mutatis mutandis, the other provisions of this paragraph. For the other Concession Areas, the Concessionaire shall drill the xxxxx in the terms and conditions described in Annex II - Minimum Exploration Program. The ANP may approve changes to the Minimum Exploratory Program, upon request from the Concessionaire, under the following conditions: To change the order stratigraphic xxxxx committed as the Minimum Exploratory Program, you must: the Concessionaire to demonstrate technically that this change is compatible with the Best Practices of the Oil Industry; and the Concessionaire to enter the Prospectus which motivated the change request. To drill exemption in the second Exploration Phase, it is necessary cumulatively that: there are technical justification presented by the Concessionaire; and the area(s) of the request object Concession is contiguous (s) to a concession area that shall be drilled a well in the second Ex...
Sample 1
Minimum Exploratory Program. The tables below should include the information of the Tender Protocol and the bids of Work Units for the purposes of compliance with the Minimum Exploratory Program for the Block mentioned in Annex I. The activities below, to be performed by the Concessionaire, are part of the object of this Contract. Minimum Exploratory Program and Financial Guarantees Block Block Area (km²) First Exploratory Period (Work Units)1 Second Exploratory Period (Exploratory Well)² Value of the Financial Guarantee of the First Period (R$)3 Amount of the Guarantee (in written) 1 Equivalence of the Work Units (UTs) 2D Seismic (UT/km) 3D Seismic (UT/km²) 2D Reprocessin g (UT/km) 3D Reprocess ing (UT/km²) Grav(UT/ km) MAG (UT/km) Gama- Spectrometry (UT/km) Electromagnetic (UT/receptor) Geochemistry (UT/Sample) Exploratory Well Exploratory Objective Stratigraphic Objective _ Duration of the Exploration Phase Exploration Phase Duration (years) First Exploratory Period (years) Second Exploratory Period (years)
Sample 1

Related to Minimum Exploratory Program

  • Development Program A. Development activities to be undertaken (Please break activities into subunits with the date of completion of major milestones)

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Research Plan The Parties recognize that the Research Plan describes the collaborative research and development activities they will undertake and that interim research goals set forth in the Research Plan are good faith guidelines. Should events occur that require modification of these goals, then by mutual agreement the Parties can modify them through an amendment, according to Paragraph 13.6.

  • Commercialization Plan On a Product by Product basis, not later than sixty (60) days after the filing of the first application for Regulatory Approval of a Product in the Copromotion Territory, the MSC shall prepare and approve a rolling multiyear (not less than three (3) years) plan for Commercializing such Product in the Copromotion Territory (the "Copromotion Territory Commercialization Plan"), which plan includes a comprehensive market development, marketing, sales, supply and distribution strategy for such Product in the Copromotion Territory. The Copromotion Territory Commercialization Plan shall be updated by the MSC at least once each calendar year such that it addresses no less than the three (3) upcoming years. Not later than thirty (30) days after the filing of the first application for Regulatory Approval of a Product in the Copromotion Territory and thereafter on or before September 30 of each calendar year, the MSC shall prepare an annual commercialization plan and budget (the "Annual Commercialization Plan and Budget"), which plan is based on the then current Copromotion Territory Commercialization Plan and includes a comprehensive market development, marketing, sales, supply and distribution strategy, including an overall budget for anticipated marketing, promotion and sales efforts in the upcoming calendar year (the first such Annual Development Plan and Budget shall cover the remainder of the calendar year in which such Product is anticipated to be approved plus the first full calendar year thereafter). The Annual Commercialization Plan and Budget will specify which Target Markets and distribution channels each Party shall devote its respective Promotion efforts towards, the personnel and other resources to be devoted by each Party to such efforts, the number and positioning of Details to be performed by each Party, as well as market and sales forecasts and related operating expenses, for the Product in each country of the Copromotion Territory, and budgets for projected Pre-Marketing Expenses, Sales and Marketing Expenses and Post-Approval Research and Regulatory Expenses. In preparing and updating the Copromotion Territory Commercialization Plan and each Annual Commercialization Plan and Budget, the MSC will take into consideration factors such as market conditions, regulatory issues and competition.

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • Research Program 2.1 University will use reasonable efforts to conduct the Research Program described in Attachment A which is hereby incorporated in full by reference (“Research Program”), and will furnish the facilities necessary to carry out said Research Program. The Research Program will be under the direction of _____________________ (“Principal Investigator”), or his or her successor as mutually agreed to by the Parties and will be con­ducted by the Principal Investigator at the University.

  • Development Activities The Development activities referred to in item “b” of paragraph 3.1 include: studies and projects of implementation of the Production facilities; drilling and completion of the Producing and injection xxxxx; and installation of equipment and vessels for extraction, collection, Treatment, storage, and transfer of Oil and Gas. The installation referred to in item “c” includes, but is not limited to, offshore platforms, pipelines, Oil and Gas Treatment plants, equipment and facilities for measurement of the inspected Production, wellhead equipment, production pipes, flow lines, tanks, and other facilities exclusively intended for extraction, as well as oil and gas pipelines for Production Outflow and their respective compressor and pumping stations.

  • Development Milestones In addition to its obligations under Paragraph 7.1, LICENSEE specifically commits to achieving the following development milestones in its diligence activities under this AGREEMENT: (a) (b).

  • Development Efforts Genentech will use commercially reasonable and diligent efforts to develop C2B8, including pursuing preclinical development and clinical development of C2B8 and obtaining Regulatory Approvals therefor in all countries in the Licensed Territory, taking into account the scientific and commercial potential of C2B8, including, without limitation, each of the potential indications in the Field for C2B8. Within ninety (90) days of the Original Effective Date, Genentech agrees to provide IDEC with a written development strategy for C2B8 in the Licensed Territory indicating (i) whether Genentech will develop C2B8 alone or with a partner in Europe, (ii) the identity of its European partner (if any), and (iii) a list of clinical trials which Genentech would conduct for C2B8 approval in Europe assuming adequate quantities of C2B8 are available.

  • Research Collaboration Upon FibroGen’s request, the Parties will discuss conducting a research program funded by AstraZeneca and directed toward franchise enhancement and lifecycle management for HIF Compounds or other topics that the Parties determine relevant to the Products and the Field. Upon agreement on the terms of such research program, the Parties will enter into a separate agreement or amend this Agreement accordingly.

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