Discovery Area definition

Discovery Area means that part of the Contract Area about which, based upon Discovery and the results obtained from a Well or Xxxxx drilled in such part, the Contractor is of the opinion that Petroleum exists and is likely to be produced in commercial quantities.
Discovery Area means the block or blocks in an exploration area comprising the geological feature as outlined by the relevant geological or geophysical data in which a discovery is located;
Discovery Area means the area, as defined in the Rules.

Examples of Discovery Area in a sentence

  • Notwithstanding the provisions of Article 3, the Contractor shall be entitled to retain the Discovery Area subject to the provisions of this Article 21.

  • It is also specified that the services (sports activities, excursions, etc.), the pre and post-routing, as well as any other activity delivered by an external provider taken at the sole initiative of the GM®, or purchased locally as a supplement to the Package, or for the Discovery Area, in any case falls under the exclusive responsibility of the external service providers in charge of their organization.

  • If any material is discovered that could be an Archaeological Site, all work in the Discovery Area shall stop and the Contractor shall notify the Engineer.

  • The information that the Grey Book contains for a given experiment includes:  A link to the experiments’ Website; A pointer to the corresponding entry in the CERN Document Server (CDS) in the collection “Experiments at CERN”; A similar pointer to the CDS collections “Committee Documents” and “Published Articles”.

  • For any Discovery made at any point during the Exploration Period, Concessionaire shall have the right to retain such Discovery and its resulting Discovery Area in order to Appraise and submit a Development Plan, in accordance with provisions of this Contract and the Law.


More Definitions of Discovery Area

Discovery Area means the blocks declared by the Joint Authority under Article 16 of this Petroleum Mining Code to contain petroleum;
Discovery Area means an area within the area of a licence or lease which encompasses the accumulation of petroleum in a geological entity limited by lithological boundaries, structural boundaries, the contact zone between petroleum and the limiting water level, or a combination thereof, and so that the petroleum included everywhere is in pressure, fluid or gas communication;
Discovery Area means that portion of the Contract Area, reasonably determined by Contractor (or by GNPC if a Sole Risk Operation pursuant to Article 9) on the basis of the available seismic and well data to cover the areal extent of the geological structure in which a Discovery is made. A Discovery Area may be modified at any time by Contractor (or by GNPC if applicable), if justified on the basis of new information, but may not be modified after the date of completion of the Appraisal Programme;
Discovery Area means, at the relevant time, the aerial extent of a Discovery in the form of a box or rectangle, defined:
Discovery Area means that portion of the Licence Area, reasonably determined by Licensee on the basis of the available seismic and well data to cover the areal extent of the geological structure in which a Discovery is made. A Discovery Area may be modified at any time by Licensee if justified on the basis of new information, but may not be modified after the date of completion of the Appraisal Program;
Discovery Area means that part of the Contract Area which the Contractor determines and identifies to be the “Discovery Area” about which, based upon Discovery and the results obtained from a Well or Wells drilled or any other geological and geophysical studies, the Contractor is of the opinion that Petroleum exists and is likely to be produced in commercial quantities and which is identified as the “Discovery Area” in the Appraisal Programme pursuant to Article 10 of this Contract.
Discovery Area means an area which is part of a prospecting area consisting of a discovery block or blocks in respect of which the Minister has been informed under section 30 of the Act;