Well Depth Clause Samples

Well Depth. The depth of each well to be drilled, hereunder will be specified in Operator's Drilling and Completion Programme, which Operator may amend from time to time. The depth so specified is hereunder referred to as the 'well depth'.

Well Depth. THE WELL(S) SHALL BE DRILLED TO A VERTICAL DEPTH OF APPROXIMATELY 4500 FEET, OR TO THE __________________________ FORMATION, WHICHEVER IS DEEPER, BUT THE CONTRACTOR SHALL NOT BE REQUIRED HEREUNDER TO DRILL SAID WELL(S) BELOW A MEASURED MAXIMUM DEPTH OF 11.000 FEET, UNLESS CONTRACTOR AND OPERATOR MUTUALLY AGREE TO DRILL TO A GREATER DEPTH.

Well Depth. The ▇▇▇▇▇ shall be drilled to a depth to be specified in each case by COMPANY, provided that if a well is to be drilled to a depth greater than 25,000 feet or in water depth greater than 2,800 feet or less than 200 feet, CONTRACTOR's consent shall be required, which consent shall not be unreasonably withheld. COMPANY shall make every reasonable effort to keep CONTRACTOR duly informed with as much advance notice as practical in this respect. COMPANY and CONTRACTOR acknowledge that ▇▇▇▇▇ contained in COMPANY's exploration program exceed the present capabilities of the Rig stated above. COMPANY and CONTRACTOR shall negotiate and agree to a written plan to upgrade the Rig to drill ▇▇▇▇▇ to total depth of 28,000 feet and in water depths up 3,400 feet and a Letter of Agreement amending this Contract to implement same. Such plan and Letter of Agreement shall be agreed within thirty (30) days of the date first entered above. In the event the Parties are unable to agree such plan and Letter of Agreement within such time provided, then either Party may terminate this Contract without further liability to the other.