Exploration Work Programme and Budget definition

Exploration Work Programme and Budget has the meaning in sub-Articles 4.1, 4.2 and 4.3;
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Exploration Work Programme and Budget has the meaning in Sections 4.1, 4.2 and 4.3; “Field” means a Gas Field or a Crude Oil Field from which Petroleum may be produced;
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Examples of Exploration Work Programme and Budget in a sentence

  • In each Contract Year mentioned below, and unless the Contractors have relinquished all of the Contract Area (not being a Development Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractors shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year.

  • In each of the sixth (6th) and seventh (7th) Contract Years, and unless the Contractors have relinquished all of the Contract Area (not being a Development Area or a Gas Retention Area) before the start of the Contract Year concerned, the Contractors shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year.

  • In each Contract Year mentioned below, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 1 Nil Acquisition of 2001 kilometres of recently available 2D seismic data and 2337 kilometres of newly reprocessed 2D seismic data.

  • In each of the sixth (6th) and seventh (7th) Contract Years, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area or a Gas Retention Area) before the start of the Contract Year concerned, the Contractor shall carry out such Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year.

  • In Contract Years 4 and 5 mentioned below, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for these Contract Years below: Contract Years Data Evaluation Seismic Surveys Xxxxx 4-5 Interpretation of new and existing seismic data.

  • In each Contract Year mentioned below, and unless the Contractor has relinquished all of the Contract Area (not being a Development Area, Oil Retention Area or a Gas Retention Area) before the start of the fourth (4th) Contract Year, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 4 Preparation of well prognosis.

  • An Exploration Work Programme and Budget may also include proposals for Appraisal of the Jahal Discovery or Kuda Tasi Discovery (such Appraisal does not count towards the Contractor’s minimum Exploration commitments in sub-Articles 4.1 and 4.2).

  • In each Contract Year mentioned below, the Contractor shall carry out an Exploration Work Programme and Budget of not less than the amount of work specified for that Contract Year: Contract Year Data Evaluation Surveys Xxxxx 1 Interpretation and re- processing of existing seismic data.

Related to Exploration Work Programme and Budget

  • Annual Work Plan and Budget means each annual work plan and budget (including related cash forecasts) for the implementation of the Project approved by the Association, referred to in Section I.D of Schedule 2 to this Agreement; and “Annual Work Plans and Budgets” means, collectively, all such plans and budgets.

  • Work Programme means the document adopted by the Commission for the implementation of the specific programme28 in accordance with its Article 12 or the equivalent document in content and structure adopted by a funding body.

  • Work Plan means a plan that describes each individual activity to be conducted to complete eligible activities and the associated costs of each individual activity.

  • Project area budget means a multiyear projection of annual or cumulative

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Development Area means that area to which a development plan is applicable.

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Development Works means the external development works and internal development works on immovable property;

  • Feasibility Study means the evaluation and analysis of the potential of a project, which aims at supporting the process of decision-making by objectively and rationally uncovering its strengths and weaknesses, opportunities and threats, as well as identifying the resources required to carry it through and ultimately its prospects for success;

  • Development Plan has the meaning set forth in Section 3.2.

  • Development Project means a project for the development of land within a project area.

  • Project area plan means a written plan that, after its effective date, guides and controls the development within a project area.

  • Annual Work Plan means any of the Annual Work Plans.

  • Project Plan means the document to be developed by the Contractor and approved by Webel Technology Ltd., based on the requirements of the Contract and the Preliminary Project Plan included in the Contractor’s bid. For the sake of clarity, the Agreed and Finalized Project Plan” refers to the version of the Project Plan submitted by the contractor after receiving the letter of Award and the same approved by Webel Technology Ltd. The project plan may be changed/ modified during the course of the project. Should the Project Plan conflict with the provisions of the Contract in any way, the relevant provisions of the Contract, including any amendments, shall prevail.

  • Work Program means a program of work reasonably acceptable to both parties in respect of a particular Property, contained in a written document setting out in reasonable detail;

  • Research Project means a discrete scientific endeavor to answer a research question or a set of research questions related to medical marijuana and is required for a medical marijuana research license.

  • Exploration Period means the period mentioned in Article 3 during which Exploration Operations may be carried out by the Contractor as provided in Article 3 hereof.

  • New Project means (a) each facility which is either a new facility, branch or office or an expansion, relocation, remodeling or substantial modernization of an existing facility, branch or office owned by the Borrower or its Subsidiaries which in fact commences operations and (b) each creation (in one or a series of related transactions) of a business unit to the extent such business unit commences operations or each expansion (in one or a series of related transactions) of business into a new market.

  • Exploratory Well means a well that is not a development well, a service well or a stratigraphic test well.