Exploration Program definition
Exploration Program shall have the meaning given to it in Section 9.1.
Exploration Program means the operations to be conducted by the Parties in the area using 2-D, and or 3-D seismic, and other exploration technologies to explore for subsurface geological formations and anomalies indicative of the existence of oil, gas and other hydrocarbons, along with all necessary processing, review and analysis of such data, including without limitation acquisition of new geophysical data or the reprocessing of existing available geophysical data covering some or all of the Eagle Ford Trend Area or across other areas if the data will contribute to the evaluation of the trend and the subsequent leasing of prospective areas.
Exploration Program means any program or plan formulated by the JVC's geologists and engineers for the exploration of an Operating Area or Operating Areas. "Exploration Unit" or "Exploration Units" means an area or areas, each 1 km2 in size, forming the basic units of an Exploration Area. "General Manager" or "Deputy General Manager" means the individual or entity appointed pursuant to Article 35 herein. "Government Instrumentality" means any state, provincial, city , municipal or local government and any department thereof, or the central bank, court, commission, bureau or board exercising any regulation, expropriation or taxing authority under or for the account of any of the foregoing. "Joint Venture Company" or "JVC" means the cooperative joint venture company established by the Parties pursuant to Chapter 4 herein. "Minerals" means all base and precious metals, industrial minerals that are discovered or are present within the Exploration Areas. "Mining" means mining, extraction, production, transportation, treatment, filtering or any other mining production process, including the processing of by-products and products refining using any method. "Mining Rights" means mining licenses and contract rights held by the JVC in the Operating Areas. "MGMR" means the Ministry of Geology and Mineral Resources of PRC. "Operating Activities" means all proprietary activities of the JVC, including feasibility studies, ore dressing, prospecting, processing, construction of processing plants or other activities in relation to mining, transportation, smelting, or other activities in relation to Minerals conducted by or on behalf of the JVC. "Operating Area" or "Operating Areas" means the area or areas, each comprising a number of Exploration Areas, defined by geological, mineral and geographic restraints, in which the JVC decides to carry out any Operating Activities pursuant to an Operating Budget and Operating Procedures. "Operating Budget" means the budget prepared by Party B for each Operating Area estimated on the basis of RMB 2,000 per km2 on average, to be submitted to the JVC for implementation. "Operating Licenses" means all Business License, Exploration Licenses, Mining Licenses, approvals, permits and registrations that the JVC may need to operate in Contract Areas and/or Operating Areas. "Operating Procedures" means the procedures formulated by the Board of Directors for carrying out and maintaining Operating Activities. "Operating Schedule" means the schedule substantially in...
Examples of Exploration Program in a sentence
The Exploration Plan shall contemplate all exploration activities to be developed in the Contract Area during its effectiveness and shall mandatorily consider the Minimum Exploration Program and compliance with the Local Content.
The Consortium Members shall perform the obligations related to the Minimum Exploration Program within the terms and under the conditions described in Annex II.
In the absence of outstanding issues, ANP shall issue the certificate of completion of the Minimum Exploration Program within thirty (30) days after its completion and, then, it shall return the respective financial guarantees.
If the Consortium Members do not comply with the Minimum Exploration Program, ANP shall summon the Consortium Members to pay the amount corresponding to the non-executed portion, calculated under this Agreement, within thirty (30) days, and, in case of default, it shall execute the relevant financial guarantees.
ANP may define an additional Minimum Exploration Program for the areas to be divided.
More Definitions of Exploration Program
Exploration Program means the exploration program which the Issuer intends to undertake with respect to its properties;
Exploration Program has the meaning set forth in recital D above;
Exploration Program means an exploration program on the Property for the purpose of determining the existence, location, extent and quality of the Mineral Resources;
Exploration Program. The minimum Exploration Program that the CONTACTOR agrees to perform during each phase of the Exploration Period it enters.
Exploration Program means the exploration program for the Property proposed by the Authors in the Technical Report. See "West Gore Property – Recommendations";
Exploration Program means the exploration program for the Property proposed by the Author in the Technical Report. See "Property Description and Location – Recommendations";
Exploration Program shall be a Program conducted within the Area of Interest, and it shall include but not be limited to geological mapping, geochemical sampling, geophysical surveys, drilling, bulk sampling and other such work expended to ascertain the existence, location, quantity and quality of deposits of Products within the Area of Interest.