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

• Contract Area Unsuccessful Exploration and Appraisal Costs mean those Operating Costs incurred anywhere in the Contract Area in connection with the drilling of any Exploration Well or Appraisal Well in the Contract Area which does not result in a Commercial Discovery.

• If a former Non-Participating Party becomes a Participating Party in more than one approved Sidetracking or Deepening in the same Appraisal Well, that former Non-Participating Party shall become an Underinvested Party only with regard to the first Sidetracking or Deepening it approves; however, that Underinvestment shall not be relieved by an Underinvested Party’s subsequent participation.

• The Well Plan for the substitute Appraisal Well shall be substantially the same as the abandoned Appraisal Well’s Well Plan and shall also take into account the conditions that rendered further drilling of the abandoned Appraisal Well impractical.

• If a proposal to plug and abandon an Appraisal Well receives approval by Vote, the approved proposal binds all Parties.

• Some of the cis double bonds can be changed into the trans position to produce several geometrical and positional isomers (Marais, 2007).

More Definitions of Appraisal Well

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 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 for the purpose of evaluating the commercial potential of a geological feature or a structure in which Petroleum have been discovered.

Appraisal Well means a well drilled principally to define more accurately the extent or nature of a previously discovered oil or gas accumulation:

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 on a discovery of petroleum for purposes of delineating the petroleum reservoir to which that discovery relates in terms of thickness, lateral extent or determining the characteristics and estimating the quantity of recoverable petroleum;

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.