Timely Well Operations Clause Samples
The 'Timely Well Operations' clause establishes the requirement for all well-related activities to be conducted within specified timeframes. It typically outlines deadlines for commencing, continuing, or completing drilling, maintenance, or other operational tasks, and may set consequences for delays or failures to meet these deadlines. By enforcing adherence to schedules, this clause ensures project efficiency and minimizes costly downtime, thereby reducing the risk of operational delays and disputes between parties.
Timely Well Operations. 21 9.7 Timely Platform/Development Facilities Operations ................................................21
Timely Well Operations. Unless otherwise provided, an approved well shall be commenced within one hundred twenty (120) days after the date when the last applicable election on that well may be made. ▇▇▇▇▇ shall be deemed to have commenced on the day charges commence under the drilling contract for that well. If the Operator does not commence the drilling of an approved well within the one hundred twenty (120) day time frame, the other Participating Parties in that well may select a substitute Operator to drill the approved well. In all events, including the occurrence of a Force Majeure, if the substitute Operator fails to commence actual drilling operations on an approved well within one hundred eighty (180) days from the proposal of the approved well, the proposal of the well and its approval will be deemed to have been withdrawn. Subject to Exhibit "C", if a proposal for a well is deemed to have been withdrawn, all costs incurred in the preparation for or in furtherance of that well will be chargeable to the Parties who voted to participate in the well proposal for that well.
Timely Well Operations. Unless otherwise provided, an approved well shall be commenced within one hundred eighty (180) days after the date when the last applicable election on that well may be made. Wells shall be deemed to have commenced on the day charges co▇▇▇▇▇e under the drilling contract for that well. If the Operator fails to commence actual drilling operations on an approved well within one hundred eighty (180) days from the proposal of the approved well, the proposal of the well and its approval will be deemed to have been withdrawn. Subject to Exhibit "C", if a proposal for a well is deemed to have been withdrawn, all costs incurred in the preparation for or in furtherance of that well will be chargeable to the Parties who voted to participate in the well proposal for that well. Notwithstanding the above, each one hundred eighty (180) day period set forth above shall be three hundred sixty-five days in the case of an approved operation for a well on Chevron's existing Platform "A" on West Delta Block 109.
Timely Well Operations. 27 9.7 TIMELY PLATFORM/DEVELOPMENT FACILITIES OPERATIONS ....................27
Timely Well Operations. Unless otherwise provided, an approved well shall be commenced within one hundred and twenty (120) days after the date when the last applicable election on that well maybe made. Wells shall be deemed to have commenced on the day charges commence ▇▇▇▇▇ the drilling contract for that well. If the Operator does not commence actual drilling operations on an approved well within one hundred and twenty (120) days from the last applicable election on the approved well, the proposal of the well and its approval will be deemed to have been withdrawn, Regardless of whether or not the well is commenced, all costs incurred by the Operator, attributable to an approved operation, shall be paid by the Participating Parties.
Timely Well Operations. At its election, Operator may use its own or an Affiliate's drilling equipment, derrick barge, tools, or machinery to conduct drilling operat▇▇▇▇, ▇ut the work shall be (i) performed by Operator or its Affiliate acting as an independent contractor, (ii) approved by written agreement with the Participating Parties before commencement of operations, and (iii) conducted under the same terms and conditions and at the same rates as are customary and prevailing in competitive contracts of third parties doing work of similar nature.
Timely Well Operations. Unless otherwise provided, an approved well shall be commenced within one hundred-eighty (180) days after the date when the last applicable election on that well may be made. Wells shall be deemed to have commenced on the day charges co▇▇▇▇▇e under the drilling contract for that well. The time frame for commencement of a well by the Operator may be extended due to a Force Majeure for an additional period of up to one hundred-eighty (180) days. If an approved well has not been commenced by the Operator within the applicable time frame, the proposal of the well and its approval will be deemed to have been withdrawn unless the other Participating Parties in that well select a substitute Operator to drill the approved well. If the substitute Operator fails to commence actual drilling operations on an approved well within thirty (30) days after designation as the substitute Operator, but in no event, including the occurrence of a Force Majeure, one (1) year after the date when the last applicable election on that well may be made, the proposal of the well and its approval will be deemed to have been withdrawn. Subject to Exhibit "C", if a proposal for a well is deemed to have been withdrawn, all costs incurred in the preparation for or in furtherance of that well will be chargeable to the Parties who voted to participate in the well proposal for that well.