Exploration definition

Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products, including but not limited to additional drilling required after discovery of potentially commercial mineralization, and including related Environmental Compliance.

Exploration means searching for deposits of polymetallic sulphides in the Area with exclusive rights, the analysis of such deposits, the use and testing of recovery systems and equipment, processing facilities and transportation systems, and the carrying out of studies of the environmental, technical, economic, commercial and other appropriate factors that must be taken into account in exploitation;

Exploration means the assessment of potential storage complexes for the purposes of geologically storing CO2 by means of activities intruding into the subsurface such as drilling to obtain geological information about strata in the potential storage complex and, as appropriate, carrying out injection tests in order to characterise the storage site

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.

More Definitions of Exploration

Exploration means all activities directed toward ascertaining the existence, location, quantity, quality or commercial value of deposits of Products.

Exploration means the prospecting, mapping, geophysics, compilation, diamond drilling and other work involved in searching for ore bodies.

Exploration or “Exploration Operations” means the search for Petroleum by geological, geophysical and other methods and the drilling of Exploration Well(s) and includes any activity in connection therewith or in preparation thereof and any relevant processing and appraisal work, including technical and economic feasibility studies, that may be carried out to determine whether a Discovery of Petroleum constitutes a Commercial Discovery;

Exploration means any activity for which the principal purpose is to define, characterize, test for or evaluate oil or gas resources for possible commercial development or production.

Exploration means the examination and investigation of undeveloped land to determine the existence of subsurface nonrenewable resources;

Exploration means the mining of limited amounts of any mineral to determine the location, quantity, or quality of the mineral deposit.

Exploration means the act of searching for or investigating a construction materials deposit. "Exploration" includes, but is not limited to, sinking shafts, tunneling, drilling core and bore holes, and digging pits, cuts, or other works for the purpose of extracting samples prior to the commencement of development or extraction, and the building of roads, access ways, and other facilities related to such work. "Exploration" does not include: