Common use of Seismic Reprocessing Clause in Contracts

Seismic Reprocessing. Subject to Century’s approval, the Participants shall cause the 3D Data described above to be reprocessed (if same has not already been reprocessed) at a reasonable cost and on a reasonable schedule, consistent with the recommendations of TechXplore. The extent of expenditures in respect thereof shall be subject to the availability of capital as determined by Century. From time to time, as the reprocessing by third party contractors is completed, the reprocessed 3D Data shall be delivered to Century and/or TechXplore for calibration and interpretation in a manner to be agreed to by the Participants.

Appears in 2 contracts

Sources: Participation and Exploration Agreement, Participation and Exploration Agreement (Windstar Energy, LLC)