Exploration Operations definition
Examples of Exploration Operations in a sentence
Exploration Operations shall be commenced by Concessionaire not less than ninety (90) days following the Effective Date and shall be pursued diligently in accordance with the approved Annual Work Programme.
Form and Approval of Annual Work Programme Each Annual Work Programme shall be broken down into the various Exploration Operations and, as applicable, the Appraisal operations for each Appraisal Area and the Development and Production Operations or Storage Operations for each Field Production Area.
Concessionaire has the automatic right to conduct Exploration Operations during the first Exploration Phase.
Exploration Operations Depending on the work commitments made by Concessionaire, the Exploration Period shall have one, two or three Exploration Phases, each having a duration of three Years.
Part II: Exploration, Development and Production Exploration Commencement of Exploration Operations As of and from the Effective Date, Concessionaire is authorized to conduct Exploration Operations in the Concession Area during the Exploration Period.