Exploration definition
Examples of Exploration in a sentence
The Statement will distinguish between Exploration Expenditure and Development Expenditure and Production Expenditure and will identify major items of expenditure within these categories.
The Contractor shall commence Exploration within sixty (60) Days of the Effective Date.
If the report concludes that the Discovery merits commercial assessment, the Licensee shall notify the Director General within one hundred eighty (180) days from the date on which the Appraisal Program relating to the Discovery was completed of a Program of such assessment and shall conduct such Program during the rest of the Exploration Period.
The statement will distinguish between Exploration, Appraisal, Capital and Operating Costs and will identify major items within these categories.
Petroleum Costs for Exploration Operations not directly attributable to a specific Development Area shall be shown separately.