Exploration Area. refers to a portion of the contract area which has not been relinquished before the expiration of the exploration period and which is not included in a development area or a production area.
Appears in 2 contracts
Sources: Petroleum Service Contract, Petroleum Service Contract
Exploration Area. refers to a portion of the contract area which has not been relinquished before the expiration of the exploration period and which is not included in a development area or a production area.
Appears in 1 contract
Sources: Petroleum Service Contract