Exploration Works definition

Exploration Works means all exploration and appraisal operations seeking to establish the existence of Hydrocarbons in commercially exploitable quantities;

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Exploration Works the Petroleum Works associated with the “Permit” and carried out with a view to discovering and evaluating one or more Deposits of Hydrocarbons, such as geological, geochemistry and geophysical operations, drilling and equipping of ▇▇▇▇▇ and production tests.

Exploration Works means exploration works that are approved by the Minister and are to be carried out under

Examples of Exploration Works in a sentence

• The Parties shall conduct all Exploration Works and the Development and Exploitation Works according to the rules relating to safety and the protection of the environment in conformity with Section 38 of the Law as well as Sections 32 and 33 of the Decree.

• THE ASSOCIATE is committed to carry out Exploration Works in accordance with modern standards and practices commonly accepted and used by the international oil industry and in compliance with all legal and regulatory provisions in force.

• As of contract initiation, THE ASSOCIATE shall prepare a general diagnosis of the environmental and social reality of the zones where the Exploration Works shall be performed and shall establish the communication channels with the local authorities and communities.

• The Parties shall be bound by the control procedures set out by the Hydrocarbon Code for all their activities relating to Exploration Works and to Development and Exploitation Works.

• As of contract initiation, THE ASSOCIATE shall prepare a general diagnosis of the environmental and social reality of the zones where the Exploration Works shall be performed, and shall establish the communication channels with the local authorities and communities.

• Upon request of THE ASSOCIATE, the value of this bond may be reduced every six (6) months as of the Effective Date, in proportion to the physical amount of Exploration Works performed, as agreed to in Clause 5.

• As of contract initiation, THE ASSOCIATE shall prepare a general diagnosis of the environmental and social reality of the zones where the Exploration Works shall be performed and shall establish the communications channels with the authorities and the communities present there.

• During the Exploration Period, THE ASSOCIATE is committed to perform, at least, the following Exploration Works: During the First Phase, which lasts eighteen (18) months, THE ASSOCIATE must carry out the assessment of the ▇▇▇▇▇ drilled in the area, the reprocessing of the area's existing seismic data, and the acquisition of a 40 kilometer 2D seismic program, or the drilling of an Exploratory Well that penetrates and tests the formations able to produce hydrocarbons in the Contracted Area.

• THE CONTRACTOR agrees to submit the Exploration Works Program to THE A▇▇ regarding the phase it is undertaking, wherein it describes how it plans to fulfill its obligations, no less than eight (8) Calendar Days previous to each phase of the Exploration Period.

• The Exploration Manager will perform the Exploration Works and all of its duties as Exploration Manager under this document in a good, safe, workmanlike and commercially reasonable manner in accordance with the Good Australian Mining Practice.

More Definitions of Exploration Works

Exploration Works means any all activities, excluding development and mining and processing/beneficiation, undertaken to locate, investigate, define or delineate a mineral prospect or mineral deposit located on or in the Ma’aden Land or any Additional Land Areas including ground and airborne geophysical and radiometric work, geochemical surveys, drilling, bulldozing, trenching, evaluation of work done and other work commonly regarded as reconnaissance or exploration work in accordance with Good Mining Practice including evaluation studies; “Fair Market Value” has the meaning given to it in Schedule 3 (Valuation);

Exploration Works means the operations conducted by Galaxy for the discovery, definition and evaluation of mineral resources, as may be authorized under Applicable Laws, which include geological, geochemical, geophysical and geotechnical surveys, surveying and mapping, line cutting, stripping, diamond drilling, trenches excavation, installation of exploration shafts, ramps and other underground openings and of other infrastructures required for exploration, and the carrying out of all other works usually required to conduct exploration;

Exploration Works. Are operations performed by THE ASSOCIATE in regard to the prospecting and discovery of Hydrocarbons in the Contracted Area.

Exploration Works means all exploration and evaluation operations seeking to establish the existence of hydrocarbons in commercially exploitable quantities;