Minimum Exploration Work Program definition

Minimum Exploration Work Program means the Exploration Work to be completed before the end of the Initial Period or any of the Extension Periods referred to in Articles 4.2.1, 4.2.2 and 4.2.3.
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Minimum Exploration Work Program means the operations set out and described in Article 4.2 of this Agreement;
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Minimum Exploration Work Program means the operations set forth and described in paragraph 4.2 of the Petroleum Agreement;
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Examples of Minimum Exploration Work Program in a sentence

  • The estimated cost of such Minimum Exploration Work Program is four million US Dollars (US $4,000,000).

  • Minimum Exploration Work Program and Budget: MINIMUM EXPLORATION WORK PROGRAM AND BUDGET: -------------------------------------------- - Reprocess (1000 km of 2D seismic data related to the Block (U$ 300,000 USD).

  • Performance of the Minimum Exploration Work Program shall be deemed to constitute the fulfillment of all obligations related to payment of the estimated costs provided in Articles 4.2.1, 4.2.2, and 4.2.3 for the applicable period.

  • The estimated cost of such Minimum Exploration Work Program is four million US Dollars (US $ 4,000,000).

  • Article 4.2.6, it is understood and expressly agreed, that it is the performance of the Minimum Exploration Work Program and not the expenditures associated with the estimated cost thereof which shall determine KOSMOS’s compliance with this Agreement.

  • The estimated cost of such Minimum Exploration Work Program is seven million US Dollars (US$ 7,000,000).

  • The budget and the Minimum Expenditure Obligation for the Minimum Exploration Work Program during the forty-eight months of the Initial Period is twenty-five million US Dollars ($U.S. 25,000,000).

  • The estimated cost of such Minimum Exploration Work Program is thirty million US Dollars (US$ 30,000,000).


More Definitions of Minimum Exploration Work Program

Minimum Exploration Work Program means the operations set out and described in Article
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