Evaluation Area definition

Evaluation Area means an area within the Contract Area encompassing the geographical extent of a Discovery subject to an Evaluation work program and corresponding budget in accordance with Article 5.
View Source
Evaluation Area means either the entire Field if Contractor takes over all ▇▇▇▇▇ in the area or the square area 142.25 m North, East, South and West centred on each selected Evaluation Well.
View Source
Evaluation Area means the area outlined in red on the map contained in Exhibit "A" attached hereto and made a part hereof;
View Source

Examples of Evaluation Area in a sentence

  • All operations and activities undertaken by THE CONTRACTOR in an Evaluation Area under Clause 7 below in order to evaluate the Discovery, demarcate the geometry of the reservoir(s) in the Evaluation Area and determine, amongst other things, the viability of extracting the Hydrocarbons in economically exploitable quantities and qualities and the impact of commercial Exploitation on the environment and social situation.

  • If the Exploration Period ends and provided that there is at least one Evaluation Area or Exploitation Area, THE CONTRACTOR may retain 50% of the Contract Area (excluding Exploitation Areas) to implement a Subsequent Exploration Program in the area retained outside of an Evaluation Area or Exploitation Area.

  • Evaluation Area Agency may evaluate and the Contractor shall cooperate in the monitoring, assessing, and evaluation of contract services.

  • Any part of the Contract Area may be selected by Contractor to become the Evaluation Area, a New Evaluation Area or the Development and Production Area in accordance with this Agreement, regardless of whether Albpetrol is conducting petroleum operations in that area.

  • Within sixty Days of the date on which an Exploration Area or Evaluation Area should be relinquished, THE CONTRACTOR will implement a program for Abandonment to the satisfaction of ▇▇▇ and other competent authorities.

  • Upon termination of the Exploration Period, and provided there exists at least one Evaluation Area or one Exploitation Area or one Discovery carried out by the CONTRACTOR in the latest phase of the Exploration Period of the Contracted Area, THE CONTRACTOR can retain fifty percent (50%) of the Contracted Area (excluding Evaluation and Exploration Areas) to carry out a Subsequent exploratory Program within the retained area, but outside the Evaluation and Exploitation Areas.

  • If the Exploration Period expires and there is no Evaluation Area or Exploitation Area in the Contract Area, THE CONTRACTOR will relinquish all the Contract Area to ▇▇▇, without prejudice to performance of its other obligations.

  • In the event that a portion of the Technical Evaluation Area extends to areas comprised within the System of Natural National Parks or other reserved, excluded or restricted zones, geographically delimited by the corresponding authority, or when the Technical Evaluation Area extends to zones with the same characteristics set forth before, THE EVALUATOR agrees to abide by the conditions imposed by the corresponding authorities regarding such areas.

  • The ▇▇▇ will give notice to THE EVALUATOR on authorization of any planned activity to be carried out directly or through authorizations and on commencement of works in the Technical Evaluation Area.

  • Operations and activities carried out by the Contractor in an Evaluation Area, in order to appraise a Discovery; delimit the geometry of the Reservoir or Reservoirs therein; determine the feasibility of extracting Hydrocarbons in economically exploitable quantity and quality, and estimate the environmental and social impact of their commercial Production.


More Definitions of Evaluation Area

Evaluation Area. The portion of the Contracted Area where THE CONTRACTOR made a Discovery and where it has decided to carry out an Evaluation Program to determine its commerciality according to Clause 14. This area shall be framed by a regu- lar polygon on its surface, preferably of four sides, which shall comprise the area surrounding the ver- tical surface projection of the geologic structure or trap containing the Discovery.
View Source

Related to Evaluation Area

  • exploration area means that part of the Area allocated to the Contractor for exploration, described in schedule 1 hereto, as the same may be reduced from time to time in accordance with this contract and the Regulations;

  • Production Area means that part of the animal feeding operation that includes the animal confinement area, the manure storage area, the raw materials storage area, and the waste containment areas. The animal confinement area includes, but is not limited to, open lots, housed lots, feedlots, confinement houses, stall barns, free stall barns, milkrooms, milking centers, egg washing or egg processing areas, areas used for the storage and disposal/treatment of mortalities, cowyards, barnyards, medication pens, walkers, animal walkways, and stables. The manure storage area includes, but is not limited to, lagoons, runoff ponds, storage sheds, stockpiles, under-house or pit storages, liquid impoundments, static piles, and composting piles. The raw materials storage area includes, but is not limited to, feed silos, and silage bunkers. The waste containment area includes, but is not limited to, settling basins and areas within berms and diversions which separate uncontaminated stormwater.

  • Evaluation means an appraisal of an individual’s professional performance in relation to his or her job description and professional standards and based on, when applicable, the individual’s evaluation rubric.

  • ILUA Area means the geographical area in relation to which the Framework ILUA applies, as specified in Schedule 2 of the Framework ILUA;

  • Program area means a general group of disciplines in which one or more degree programs,