Common use of Commercial Discovery Clause in Contracts

Commercial Discovery. (i) A Commercial Discovery - whether of Oil or Gas - may consist of one producing reservoir or a group of producing reservoirs which is worthy of being developed commercially. After discovery of a Commercial Oil or Gas Well CONTRACTOR shall, unless otherwise agreed upon with EGPC, undertake as part of its Exploration program the appraisal of the discovery by drilling one or more appraisal xxxxx, to determine whether such discovery is worthy of being developed commercially, taking into consideration the recoverable reserves, production, pipeline and terminal facilities required, estimated Petroleum prices, and all other relevant technical and economic factors.

Commercial Discovery. (i) A Commercial Discovery - whether of Oil or Gas - may consist of one producing reservoir or a group of producing reservoirs which is worthy of being developed commercially. After discovery of a Commercial Oil or Gas Well CONTRACTOR shall, unless otherwise agreed upon with EGPCGANOPE, undertake as part of its Exploration program the appraisal of the discovery by drilling one or more appraisal xxxxx, to determine whether such discovery is worthy of being developed commercially, taking into consideration the recoverable reserves, production, pipeline and terminal facilities required, estimated Petroleum prices, and all other relevant technical and economic factorsfactors unless otherwise agreed upon by GANOPE.

Commercial Discovery. (i) A Commercial Discovery - whether of Oil or Gas - may consist of one producing reservoir or a group of producing reservoirs reservoirs, which is worthy of being developed commercially. After discovery of a Commercial Oil or Gas Well CONTRACTOR shall, unless otherwise agreed upon with EGPC, undertake as part of its Exploration program the appraisal of the discovery by drilling one or more appraisal xxxxx, to determine whether such discovery is worthy of being developed commercially, taking into consideration the recoverable reserves, production, pipeline and terminal facilities required, estimated Petroleum prices, and all other relevant technical and economic factors.

Commercial Discovery. (i) A Commercial Discovery - whether of Oil or Gas - may consist of one producing reservoir or a group of producing reservoirs which is worthy of being developed commercially. After discovery of a Commercial Oil or Gas Well CONTRACTOR shall, unless otherwise agreed upon with EGPC, undertake as part of its Exploration program the appraisal of the discovery by drilling one or more appraisal xxxxx, to determine whether such discovery is worthy of being developed commercially, taking into consideration the recoverable reserves, production, pipeline pipelines and terminal facilities required, estimated Petroleum prices, and all other relevant technical and economic factors.

Commercial Discovery. (i) A Commercial Discovery - Discovery- whether of Oil or Gas - Gas- may consist of one producing reservoir or a group of producing reservoirs which is worthy of being developed commercially. After discovery of a Commercial Oil or Gas Well CONTRACTOR shall, unless otherwise agreed upon with EGPC, undertake as part of its Exploration program the appraisal of the discovery by drilling one or more appraisal xxxxx, to determine whether such discovery is worthy of being developed commercially, taking into consideration the recoverable reserves, production, pipeline pipeline, and terminal facilities required, estimated Petroleum prices, and all other relevant technical and economic factors.

Commercial Discovery. (i) A Commercial Discovery - whether of Oil or Gas - may consist of one producing reservoir or a group of producing reservoirs which is worthy of being developed commercially. After discovery of a Commercial Oil or Gas Well CONTRACTOR shall, unless otherwise agreed upon with EGPC, undertake as part of its Exploration program the appraisal of the discovery by drilling one or more appraisal xxxxxwxxxx, to determine whether such discovery is worthy of being developed commercially, taking into consideration the recoverable reserves, production, pipeline pipelines and terminal facilities required, estimated Petroleum prices, and all other relevant technical and economic factors.