Annual Work and Budget Program Sample Clauses

Annual Work and Budget Program document specifying the set of activities to be developed by the Consortium Members, including details on the investments required to develop such activities.
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Annual Work and Budget Program program which specifies the set of activities to be performed by the Concessionaire during a calendar year, including the detailing of investments necessary to carry out such activities, and it must be submitted by the Concessionaire in the form of Applicable Legislation.
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Annual Work and Budget Program of the Exploration Phase 17 Extension of the Exploration Phase and Suspension of the Agreement 18 Options to End the Exploration Phase 19 Concessionaire’s Options after Completion of the Minimum Exploration Program 19 Relinquishment of the Concession Area at the End of the Exploration Xxxxx 00 0 SECTION SIX – COMPENSATORY PENALTY FOR DEFAULT OF THE MINIMUM EXPLORATION PROGRAM 20 Compensatory Penalty for Default of the Minimum Exploration Program and Financial Guarantee 20 Types of Financial Guarantees 20 Adjustment of the Financial Guarantees 20 Effectiveness of Financial Guarantees 21 Reduction in the Secured Amount 21 Return of the Financial Guarantees 22 Enforcement of the Compensatory Penalty 22 7 SECTION SEVEN – DISCOVERY AND ASSESSMENT 22 Notification of Discovery 22 Assessment, Discovery Assessment Plan, and Final Discovery Assessment Report 23 Assessment of New Reservoir 23 Discovery Assessment through Extended Well Test 23 8 SECTION EIGHT – DECLARATION OF COMMERCIAL FEASIBILITY 24 Declaration of Commercial Feasibility 24 Postponement of the Declaration of Commercial Feasibility 24 CHAPTER III – DEVELOPMENT AND PRODUCTION 26 9 SECTION NINE – PRODUCTION XXXXX 00 Start and Duration 26 Extension at the Concessionaire’s request 26 Extension by determination of ANP 26 Consequence of the Extension 26 Termination 27 Relinquishment of the Field 27 10 SECTION TEN – DEVELOPMENT PLAN 28 Deadlines 28 Development Area 28 Approval and Implementation of the Development Plan 29 Reviews and Amendments 30 Buildings, Facilities, and Equipment 30 11 SECTION ELEVEN – PRODUCTION START DATE AND ANNUAL PRODUCTION PROGRAMS 30 Start of Production 30 Annual Production Program 31 Approval of the Annual Production Program 31 Revision 31 Production Volume Variance 31 Temporary Interruption of Production 32 Annual Work and Budget Program of the Production Xxxxx 00 00 SECTION TWELVE – MEASUREMENT, MONTHLY REPORTS, AND PRODUCTION AVAILABILITY 32 Measurement 32 Monthly Production Reports 32 Production Availability 33 Free Use 33 Supply to the Domestic Market 33 Consumption in the Operations 33 Results of Test 34 Oil and Gas Losses and Burning of Natural Gas 34 13 SECTION THIRTEEN – INDIVIDUALIZATION OF PRODUCTION 34 Production Individualization Agreement 34 CHAPTER IV – EXECUTION OF OPERATIONS 35 14 SECTION FOURTEEN – EXECUTION BY THE CONCESSIONAIRE 35 Concessionaire’s Exclusivity 35 Indication of the Operator by the Concessionaire 35 Diligence to Conduct Operations 36 Licenses, Au...
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Annual Work and Budget Program. Correspondence between the Content and Other Plans and Programs
Sample 1Sample 2
Annual Work and Budget Program of the Production Phase 97 Notice of Discovery 97 Oil or Natural Gas Discovery Assessment Plan 97 Development 98 Annual Production Program 98 Decommissioning of Facilities Program 98 Contracting of goods and services 99 Expenditure Authorization 102 Expenses Above Expected 103 Employees of Non-Operating Contractors 103 Limitation of Applicability 103 Procedure to propose Operations with Exclusive Risks 104 Costs of the Operation with Exclusive Risk 104 Other Conditions of Operations with Exclusive Risks 105 Appeal Procedure 105 ANNEX X - OIL COST RECOVERY AND OIL SURPLUS PERCENTAGES 107 PRODUCTION SHARING AGRREMENT FOR OIL AND NATURAL GAS EXPLORATION AND PRODUCTION entered into by and between: as the Contracting Party The FEDERAL GOVERNMENT, in the use of the competence conferred on it by art. 177, §1, of the Constitution of the Federative Republic of Brazil, through the MINISTRY OF MINES and ENERGY – MME, pursuant to Law No. 12.351, of December 22, 2010, registered in the National Register of Legal Entities (CNPJ/MF) under No. 37.115.383/0001-53, headquartered at Esplanada dos Ministérios, Block “U”, Brasília, DF, Zip Code 70065-900, herein represented by the Minister of State of Mines and Energy [insert name]; as Regulator and Supervisor, The NATIONAL AGENCY OF PETROLEUM, NATURAL GAS and BIOFUELS - ANP, a special agency created by Law No. 9.478, of August 6, 1997, a member of the Indirect Federal Administration, linked to the Ministry of Mines and Energy, headquartered at SGAN Block 603, Module I, 3rd floor, in the city of Brasília, DF, and Central Office at 00 Xxx Xxxxxx Xxxxxx, Centro, Rio de Janeiro, RJ, herein represented by its Director General, [insert name]; as Manager,
Sample 1
Annual Work and Budget Program. The same provisions as the Annual Production Program apply to the Annual Work and Budget Program with regard to delivery, approval and review procedures. The first Annual Work and Budget Program shall cover the remainder of the current year and be presented by the Concessionaire within 60 (sixty) days from the date of signature of this Agreement.
Sample 1
Annual Work and Budget Program document specifying the set of activities to be developed by the Concessionaire, including details on the investments for the next five years required to develop such activities.
Sample 1
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Related to Annual Work and Budget Program

  • Annual Work Plan and Budget 1. The Recipient shall, not later than November 30th of each year, prepare and furnish to the Association an annual work plan and budget (“Annual Work Plan and Budget”) for the Project for the subsequent year, said Annual Work Plan and Budget of such scope and detail as the Association shall have reasonably requested.

  • Annual Work Plans (a) The Recipient shall prepare in accordance with guidelines acceptable to the Association and furnish to the Association not later than March 31 in each calendar year, a proposed annual work plan and budget for the Project for the following fiscal year of the Recipient, of such scope and in such detail as the Association shall reasonably request.

  • Annual Work Plans and Budgets The Recipient shall furnish to the Association as soon as available, but in any case not later than September 1 of each year, the annual work plan and budget for the Project for each subsequent year of Project implementation, of such scope and detail as the Association shall have reasonably requested, except for the annual work plan and budget for the Project for the first year of Project implementation, which shall be furnished no later than one (1) month after the Effective Date.

  • Development Plan document specifying the work program, schedule, and relevant investments required for the Development and the Production of a Discovery or set of Discoveries of Oil and Gas in the Contract Area, including its abandonment.

  • Work Plan Coordinate a work plan including a list of the proposed meetings and coordination activities, and related tasks to be performed, a schedule and an estimate. The work plan must satisfy the requirements of the project and must be approved by the State prior to commencing work.

  • Development Plans 4.3.1 For each Licensed Indication and corresponding Licensed Product in the Field, Licensee will prepare and deliver to Licensor a development plan and budget (each a “Development Plan”). The initial Development Plans for each Licensed Indication will be delivered within […***…] after the Grant Date for such Licensed Indication.

  • Project Plan Development of Project Plan Upon the Authorized User’s request, the Contractor must develop a Project Plan. This Project Plan may include Implementation personnel, installation timeframes, escalation procedures and an acceptance plan as appropriate for the Services requested. Specific requirements of the plan will be defined in the RFQ. In response to the RFQ, the Contractor must agree to furnish all labor and supervision necessary to successfully perform Services procured from this Lot. Project Plan Document The Contractor will provide to the Authorized User, a Project Plan that may contain the following items: • Name of the Project Manager, Contact Phone Numbers and E-Mail Address; • Names of the Project Team Members, Contact Phone Numbers and E-Mail Address; • A list of Implementation milestones based on the Authorized User’s desired installation date; • A list of responsibilities of the Authorized User during system Implementation; • A list of designated Contractor Authorized Personnel; • Escalation procedures including management personnel contact numbers; • Full and complete documentation of all Implementation work; • Samples of knowledge transfer documentation; and • When applicable, a list of all materials and supplies required to complete the Implementation described in the RFQ. Materials and Supplies Required to Complete Implementation In the event that there are items required to complete an Implementation, the Contractor may request the items be added to its Contract if the items meet the scope of the Contract. Negotiation of Final Project Plan If the Authorized User chooses to require a full Project Plan, the State further reserves the right for Authorized Users to negotiate the final Project Plan with the apparent RFQ awardee. Such negotiation must not substantively change the scope of the RFQ plan, but can alter timeframes or other incidental factors of the final Project Plan. The Authorized User will provide the Contractor a minimum of five (5) business days’ notice of the final negotiation date. The Authorized User reserves the right to move to the next responsible and responsive bidder if Contractor negotiations are unsuccessful.

  • Design Development Phase Services 3.3.1 Based on the Owner’s approval of the Schematic Design Documents, and on the Owner’s authorization of any adjustments in the Project requirements and the budget for the Cost of the Work, the Architect shall prepare Design Development Documents for the Owner’s approval. The Design Development Documents shall illustrate and describe the development of the approved Schematic Design Documents and shall consist of drawings and other documents including plans, sections, elevations, typical construction details, and diagrammatic layouts of building systems to fix and describe the size and character of the Project as to architectural, structural, mechanical and electrical systems, and other appropriate elements. The Design Development Documents shall also include outline specifications that identify major materials and systems and establish, in general, their quality levels.

  • Development Phase contractual phase initiated with the approval of ANP for the Development Plan and which is extended during the Production Phase while investments in xxxxx, equipment, and facilities for the Production of Oil and Gas according to the Best Practices of the Oil Industry are required.

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