LOSS OF WELLBORE AND RESERVOIR DAMAGE Sample Clauses

LOSS OF WELLBORE AND RESERVOIR DAMAGE. If the wellbore, i.e. the hole below the seabed, is lost or damaged at any time, Company indemnifies the Contractor Group from and against Claims arising out of this Contract for damage to or loss of the wellbore and reservoir. Company indemnifies the Contractor Group from and against Claims arising out of this Contract for the cost of regaining control of any wild well. Company indemnifies the Contractor Group from and against Claims arising out of this Contract for injury to, destruction of, or loss or impairment of any property right in or to oil, gas or other mineral substance or water, if at the time of the act or omission causing such injury, destruction, loss, or impairment, said substance had not been reduced to physical possession above the seabed, and for any loss or damage to any formation, strata, or reservoir beneath the seabed.
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Related to LOSS OF WELLBORE AND RESERVOIR DAMAGE

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  • Underground Facilities All underground pipelines, conduits, ducts, cables, wires, manholes, vaults, tanks, tunnels, or other such facilities or attachments, and any encasements containing such facilities, including without limitation those that convey electricity, gases, steam, liquid petroleum products, telephone or other communications, cable television, water, wastewater, storm water, other liquids or chemicals, or traffic or other control systems.

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  • Personal Property Damage Upon submission of reasonable proof the Employer shall repair or indemnify with respect to damage to the chattels of an employee while on duty caused by the actions of a patient, resident or client provided such personal property is an article of use or wear of a type suitable for use while on duty.

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