Common use of Risk Management Programs Clause in Contracts

Risk Management Programs. The risk management programs must derive from the Health, Safety and Environment Policy and contain at least: (i) A description of the measures and actions of prevention, monitoring and mitigation of the risks identified, analyzed and evaluated, as well as the improvement of the performance of a facility, or group of them, including emergency and contingency plans to be executed in accordance with the Best Practices of the Industry, and (ii) The other considerations determined by MEM in accordance with the applicable regulations.

Appears in 3 contracts

Sources: Contract for the Exploration and Exploitation of Hydrocarbons, Contract for the Exploration and Exploitation of Hydrocarbons, Contract for the Exploration and Exploitation of Hydrocarbons

Risk Management Programs. The risk management programs must derive Risk Management Programs shall derived from the HealthManagement System and contain, Safety and Environment Policy and contain at least, the following items: (ia) A description of the measures and actions of for prevention, monitoring and mitigation of the risks identified, analyzed and evaluatedevaluated risks, as well as the improvement of the performance of a facility, or group of themfacilities, including emergency and contingency plans to be executed implemented in accordance with the Industry Best Practices of the IndustryPractices, and (iib) The other Other considerations determined by MEM the Agency in accordance with the applicable regulationsApplicable Laws.

Appears in 3 contracts

Sources: Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp), Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp), Contract for the Exploration and Extraction of Hydrocarbons (SAILFISH ENERGY HOLDINGS Corp)