Appraisal Well definition
Appraisal Well means a Well drilled pursuant to an Appraisal Programme.
Appraisal Well means any well (other than an Exploration Well or a Development Well) whose purpose at the time of commencement of drilling such well is to appraise the extent or the volume of Hydrocarbon reserves contained in an existing Discovery.
Appraisal Well means any Well drilled after a Discovery of Petroleum has been made in the Licence Area for purposes of determining the quantity of Petroleum in the Petroleum Reservoir to which such Discovery relates;
Examples of Appraisal Well in a sentence
An Appraisal Programme shall be for the proposed Appraisal Area and shall contain as a minimum one (1) Appraisal Well during the Appraisal Period to the formations containing the discovery.
More Definitions of Appraisal Well
Appraisal Well means a well that is drilled to delineate one or more Petroleum reservoirs to which a Discovery relates in terms of thickness and lateral extent and in order to further define the quantity and quality of recoverable Petroleum therein.
Appraisal Well means a Well drilled following a Commercial Well to delineate the physical extent of the accumulation penetrated by such Commercial Well, and to estimate the accumulation reserves and probable Production rates.
Appraisal Well means a Well drilled for the purpose of evaluating the commercial potential of a geological feature or a structure in which Petroleum have been discovered.
Appraisal Well means any well whose purpose at the time of commencement of drilling such well is the determination of the extent or volume of Petroleum contained in a Discovery;
Appraisal Well means a well drilled to further confirm and evaluate the presence of hydrocarbons in a reservoir that has been discovered.
Appraisal Well means a petroleum well to test the potential of one (1) or more natural underground reservoirs for producing or storing petroleum. For clarity, an appraisal well does not include an exploration well.
Appraisal Well means any well drilled after discovery of petroleum in a contract area for purpose of ascertaining the quantity and areal extent of petroleum in the petroleum reservoir to which that discovery relates;