Minimum Exploratory Program Sample Clauses

Minimum Exploratory Program work schedule provided for in Annex II to be met by the Concessionaire during the Exploration Phase.
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Minimum Exploratory Program. This is the Exploration Operations program which has been agreed upon in Clause 5 hereto (Number 5.1), which THE CONTRACTOR commits to perform, at least, during each phase of the Exploration Period in which he might enter.
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Minimum Exploratory Program. 5.7 The Concessionaire must perform the obligations relating to the Minimum Exploratory Program on the terms and conditions described in Annex II of this Contract.
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Minimum Exploratory Program. During the Exploration Phase, the Consortium Members should fully implement the Minimum Exploratory Program, as established in Annex II – Minimum Exploratory Program. For the purposes of compliance with the Minimum Exploratory Program, the drilled xxxxx should achieve the stratigraphic objective at a depth sufficient to establish its potential in Petroleum and Natural Gas, as defined in Annex II - Minimum Exploratory Program. ANP may accept other stratigraphic objectives with Prospectuses through a technical justification. For the purpose of compliance with the Minimum Exploratory Program, exclusive and non-exclusive data may be used considering only the data collected within the Area of the Contract. For the purposes of compliance with the Minimum Exploratory Program, only surveys that meet the criteria laid down in Annex II Annex II - Minimum Exploratory Program and whose data have been delivered according to the procedures and requirements established by ANP will be accepted. The partial or complete noncompliance of the Minimum Exploratory Program implies the full right termination of the Contract, without prejudice to the implementation of the financial guarantees of exploratory activities and the implementation of feasible sanctions. The exception to the provision above is the Development Areas eventually retained by the Contracted Party. For the acquisition of unique data, the Contractor may hire data acquisition companies (EAD), provided they are previously complied with the requirements set out in regulatory standards edited by ANP, and that these companies are duly registered and settled with the Agency. For the purposes of compliance with the Minimum Exploratory Program only data whose acquisition and formatting have attended to all the requirements defined in technical standards established by the Agency will be considered. Options after the Conclusion of the Exploration Phase After the Exploration Phase is over and the activities related to the Minimum Exploratory Program are carried out, the Consortium Members may: Retain area under Development or Evaluation of Discovery. Fully return the Area of the Contract.
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Minimum Exploratory Program. The Concessionaire must perform the obligations relating to the Minimum Exploratory Program on the terms and conditions described in Annex II. The Concessionaire may perform additional exploratory activities to the Minimum Exploratory Program from any Exploratory Phase by presenting ANP the additional work schedule before the beginning of its implementation. If the Concessionaire completes a well as additional activity to the Minimum Exploratory Program of the first Exploratory Phase, it can request to ANP, which shall decide at its sole discretion which the commitment regarding the second Exploratory Phase is considered completed in advance. For the Concession Areas located in the Sedimentary Basins of Parnaíba, Potiguar and Recôncavo, the first well drilled in the Exploration Phase shall cross the minimum required stratigraphic objective, forcing the concessionaire to perform well profiles, sampling and specific analysis, as detailed in the Final Tender Protocol. If the Concessionaire finish within four (4) Concession Areas in the same sector, the requirement to cross the minimum required stratigraphic objective is restricted to only one of the auctioned Concession Areas, provided that: the Concession Areas in question have the same composition of concessionaires, including with regard to their participation in the consortium. If the Concessionaire finish more than four (4) Concession Areas in the same sector, for the second well drilled in the Exploration Phase shall be repeated the same paragraph 5.11 of the procedure, remaining valid, mutatis mutandis, the other provisions of this paragraph. For the other Concession Areas, the Concessionaire shall drill the xxxxx in the terms and conditions described in Annex II - Minimum Exploration Program. The ANP may approve changes to the Minimum Exploratory Program, upon request from the Concessionaire, under the following conditions: To change the order stratigraphic xxxxx committed as the Minimum Exploratory Program, you must: the Concessionaire to demonstrate technically that this change is compatible with the Best Practices of the Oil Industry; and the Concessionaire to enter the Prospectus which motivated the change request. To drill exemption in the second Exploration Phase, it is necessary cumulatively that: there are technical justification presented by the Concessionaire; and the area(s) of the request object Concession is contiguous (s) to a concession area that shall be drilled a well in the second Ex...
Sample 1
Minimum Exploratory Program. The tables below should include the information of the Tender Protocol and the bids of Work Units for the purposes of compliance with the Minimum Exploratory Program for the Block mentioned in Annex I. The activities below, to be performed by the Concessionaire, are part of the object of this Contract. Minimum Exploratory Program and Financial Guarantees Block Block Area (km²) First Exploratory Period (Work Units)1 Second Exploratory Period (Exploratory Well)² Value of the Financial Guarantee of the First Period (R$)3 Amount of the Guarantee (in written) 1 Equivalence of the Work Units (UTs) 2D Seismic (UT/km) 3D Seismic (UT/km²) 2D Reprocessin g (UT/km) 3D Reprocess ing (UT/km²) Grav(UT/ km) MAG (UT/km) Gama- Spectrometry (UT/km) Electromagnetic (UT/receptor) Geochemistry (UT/Sample) Exploratory Well Exploratory Objective Stratigraphic Objective _ Duration of the Exploration Phase Exploration Phase Duration (years) First Exploratory Period (years) Second Exploratory Period (years)
Sample 1

Related to Minimum Exploratory Program

  • Development Program A. Development activities to be undertaken (Please break activities into subunits with the date of completion of major milestones)

  • 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.

  • Commercialization Plan The JCC will oversee the Commercialization of Shared Products by the Parties in the Field in the Territory. No later than [***] prior to the anticipated launch of the Shared Product in the first country in the Territory, the JCC will develop and submit to the JSC for approval, a Commercialization plan (the “Commercialization Plan”) that sets forth the Commercialization activities to be undertaken by the Parties with respect to the Commercialization of the Shared Product in the Territory. The Commercialization Plan may include activities on a region-by-region or country-by-country basis, as determined by the JCC. The JCC will update the Commercialization Plan on [***] (or more frequently as needed) and submit it to the JSC for approval. The Commercialization Plan will include (a) the Global Branding Strategy, (b) a marketing strategy, (c) a communications strategy that includes plans for public relations, conferences and exhibitions and other external meetings, internal meetings and communications, publications and symposia, internet activities and core brand package, (d) a high level operating plan for the implementation of such strategies on [***], including information related to Shared Product positioning, core messages to be communicated and pricing strategies, (e) a detailing strategy, (f) a pricing strategy, (g) all other material activities to be conducted in connection with the Commercialization of the Shared Product in the Field in the Territory and (h) a budget for activities conducted under the Commercialization Plan (the “Commercialization Budget”). The Commercialization Plan will include a meaningful role for both Parties. In allocating responsibilities between the Parties, the JCC will take into consideration each Party’s expertise, capabilities, staffing and available resources to take on such activities, as well as the Parties’ intention to provide CRISPR an opportunity to build and expand its expertise, capabilities, staffing and available resources in connection with performing Commercialization activities allocated to it. CRISPR shall be the Commercializing lead for Shared Products in the United States and Vertex shall be the Commercializing lead for Shared Products outside of the United States. The Commercializing lead, with respect to the United States or outside of the United States, respectively, shall be referred to herein as the “Lead Commercialization Party” for such jurisdiction (as applicable, the “Lead Commercialization Party” Unless otherwise specified in the Commercialization Plan, the Parties will jointly be responsible for conducting all Commercialization activities outside of the United States, such activities to be determined by the JSC.

  • 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.

  • Research Plans The Research Plan for the [***] Designated Target is attached as Schedule 2.2.3-1. Subsequent Research Plans agreed upon in accordance with Section 2.4.2.4 will be attached as additional sequentially numbered schedules (Schedule 2.2.3-2, Schedule 2.2.3-3, etc.).

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