Exploration Contract definition

Exploration Contract means the Exploration Contract with respect to the South Alibek Field by and between Caspi Neft and the Ministry of Energy and Mineral Resources of the Republic of Kazakhstan, dated April 29, 1999.
Sample 1Sample 2
Exploration Contract means the Contract for Exploration of Hydrocarbons in South Alibek Oil Field located within the limits of blocks XXII-23 A (partially), D (partially), and E (partially) in the territory of the Mugodzhar Region, Aktyubinskaya Oblast, Republic of Kazakhstan, state registration number No. 419 of March 7, 2000 (as amended).
Sample 1Sample 2
Exploration Contract means any contract or licence permitting NORI to Explore for Polymetallic Nodules in the International Seabed Area entered into between NORI and the ISA or granted by the ISA to NORI, and includes the ISA Exploration Contract. Expropriate or Expropriation means to dispossess of ownership, to deprive of property, to deprive of use of property, to deprive of property for the public use, to make an Entity or assets (tangible and intangible) the property of the Republic (in whole or in part), or a measure or measures having an equivalent effect (directly or indirectly), and includes without limitation:
Sample 1

Examples of Exploration Contract in a sentence

  • The Company shall inform all of its contractors, employees, agents and visitors of the obligation upon them to contain Petroleum Operations within Seismic Line Access Corridors or Work Sites which have been inspected and cleared in accordance with clauses 14, 15 and 17 and Annexure E of the Accepted Exploration Contract and to comply with all conditions consistent with the Accepted Exploration Contract.

  • The term of the Exploration Contract is until December 29, 2018 during which time Aral is committed to a minimum work program in the amount of USD 58.3 million.

  • SC 72 Recto Bank FEL’s principal asset is a 70% participating interest in SC 72 (previously Geophysical Survey and Exploration Contract No. 101 (“GSEC 101”)), a petroleum license located in the Recto Bank, offshore west of Palawan Island, the Philippines.

  • The NORI Exploration Contract was approved by the ISA Council on July 19, 2011, and entered into on July 22, 2011 between NORI and the ISA, and terminates on July 22, 2026, subject to extension.

  • TOML holds an ISA exploration contract in the CCZ ("TOML Exploration Contract") and some exploration related equipment.

  • According to the Exploration Contract, Aral is required to sell 100% of oil extracted during the term of the Exploration Contract for refining in Kazakhstan.

  • In the case of an Exploration Contract, for discontinuing said exploration activities for a period of ninety (90) consecutive days or one hundred and twenty (120) alternating days, without justification.

  • The electronic transport properties seem to be related with defects (stoichiometric deviations, grain boundaries) and changes in the chemical composition.

  • The Area of the Mining Exploration Contract shall be contained in an enclosed polygon, and its surface area or areal extent shall neither be less than two hundred (200) hectares nor exceed fifty thousand (50,000) hectares for all minerals, with the exception of diamonds, for which the Contract Area may not exceed one hundred thousand (100,000) hectares; all of them demarcated by UTM coordinates, with their sides in North-South and East- West directions, or demarcated by international borders.

  • Should Kazakhstani government authorities determine that Export Quotas received by the Company were in violation of the Exploration Contract, Aral may be subject to fines and penalties which cannot be reliably estimated and/or to the termination of the Exploration Contract.According to the Production Contract, Aral is obliged to sell 20% of produced crude oil to the domestic market.


More Definitions of Exploration Contract

Exploration Contract has the meaning given to it in Recital (B).
Sample 1
Exploration Contract means the contract under License Xx.XX 1557 (oil) for the exploration of hydrocarbons of Yuzhny Alibek oilfield entered into between the Company and the Investmnet Agency of the Republic of Kazakhstan.
Sample 1
Exploration Contract shall have the meaning ascribed to that term in the second Recital.
Sample 1

Related to Exploration Contract

  • Concession Contract means a contract for pecuniary interest concluded in writing between one or more economic operators and one or more contracting authorities within the meaning of Articles 168 and 172, in order to entrust the execution of works or the provision and management of services to an economic operator (the ‘concession’). The remuneration shall consist either solely in the right to exploit the works or services or in that right together with payment. The award of a concession contract shall involve the transfer to the concessionaire of an operating risk in exploiting those works or services encompassing demand risk or supply risk, or both. The concessionaire shall be deemed to assume an operating risk where, under normal operating conditions, there is no guarantee of recouping the investments made or the costs incurred in operating the works or the services at stake;

  • Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

  • petroleum agreement means an agreement for the purpose of petroleum activities entered into by Government and another person in accordance with this Act;

  • Construction Contract means the agreement(s) entered into between the Company and the Construction Contractor(s) for the design, engineering, procurement, construction, completion, start-up, testing, and Commissioning of the Facility, and also includes any amendment to such agreement(s) made from time to time;

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • exploration licence means an exploration licence under Part 2 of the Mineral Resources Development Act 1990; S. 3(1) def. of "fish" inserted by No. 40/2002 s. 3(a).

  • Option Contract means a standardised contract the effect of which is that a person acquires the option—

  • Privatization contract or “contract” means an agreement or

  • Redevelopment Contract means this redevelopment contract between the Authority and Redeveloper with respect to the Project.

  • Construction Contracts means the contracts between Lessee and Contractors for the furnishing of labor, services or materials to the Leased Premises in connection with the construction of the Improvements.

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Project Contract means any agreement or agreements for the design, development, acquisition, installation, implementation and construction of all or a substantial part of the Project by and between a Contractor and the Recipient.

  • Exploration Operations means operations conducted in the Contract Area pursuant to this Contract in searching for Petroleum and in the course of an Appraisal Programme and shall include but not be limited to aerial, geological, geophysical, geochemical, palaeontological, palynological, topographical and seismic surveys, analysis, studies and their interpretation, investigations relating to the subsurface geology including structural test drilling, stratigraphic test drilling, drilling of Exploration Xxxxx and Appraisal Xxxxx and other related activities such as surveying, drill site preparation and all work necessarily connected therewith that is conducted in connection with Petroleum exploration.

  • Connection Contract means a contract under which Distributed Generation is connected to the Network entered into by the Distributor and a Distributed Generator in accordance with Part 6 of the Code, and, for the purposes of this Agreement, the Distributor and a Distributed Generator are deemed to have entered into a Connection Contract if the regulated terms in Part 6 of the Code apply;

  • Mining Plan means a mining plan drawn in accordance with clause (b) of sub-section

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • O&M Contract means the operation and maintenance contract that may be entered into between the Concessionaire and the O&M Contractor for performance of all or any of the O&M obligations;

  • EPC Contract means the Seller’s engineering, procurement and construction contract with the EPC Contractor.

  • Mining Lease means the mining lease granted pursuant to Clause 12 and includes any renewal thereof and according to the requirements of the context shall describe the area of land demised as well as the instrument by which it is demised;

  • Construction Contractor means a person who undertakes to or offers to undertake to, or purports to have the capacity to undertake to, or submits a bid to, or does himself or by or through others, construct, alter, repair, add to, subtract from, improve, move, wreck, or demolish any building, highway, road, railroad, excavation, or other structure, project, development, or improvement to real property, or to do any part thereof. "Construction contractor" includes subcontractors, specialty contractors, prime contractors, and any person receiving consideration for the general supervision and/or coordination of such a construction project except for remediation contracting. This definition shall govern without regard to whether or not the construction contractor is acting in fulfillment of a contract.

  • drilling means the act of boring a hole to reach a proposed bottom hole location through which oil or gas may be produced if encountered in paying quantities, and includes redrilling, sidetracking, deepening, or other means necessary to reach the proposed bottom hole location, testing, logging, plugging, and other operations necessary and incidental to the actual boring of the hole;

  • JOA has the meaning given to such term in the Recitals to this Agreement.

  • Project area plan means a written plan that, after the plan's effective date, guides and controls the development within a project area.

  • Training Contract means a contract or an agreement for a Traineeship made between the Employer and an Employee to whom this Agreement applies, and that is registered with the relevant State or Territory Training Authority.

  • Architect's Contract means Lessee's contract with the Project Architect.

  • sub-contract means the primary contractor’s assigning, leasing, making out work to, or employing, another person to support such primary contractor in the execution of part of a project in terms of the contract;