Exploration Stage definition

Exploration Stage means the period described in Article 2 of this Agreement.
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Exploration Stage means a prospect that is not yet in either the development or production stage.
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Exploration Stage means a prospect that is not in either the development or production stage. “Fault” means a surface or zone of rock fracture along which there has been displacement.
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Examples of Exploration Stage in a sentence

  • In the event that there is no such shortfall, the Lessor shall return any Bank Guarantee provided pursuant to the above promptly upon the commencement of the Exploration Stage Extension.

  • Upon expiration of any exploration period during the Exploration Stage if Contractor decides to finally suspend all the operations in the Contract Area and gives thirty-day written notice to the Minister to that effect.

  • In such event the overhead rates applicable to the Exploration Stage shall remain in effect as to Exploration Operations and the overhead rates to be agreed upon pursuant to Section 5.1 above shall be applicable to Exploitation Operations.

  • For a Special Exploration Stage Extension Pursuant to paragraph 4 of article 5 of the Hydrocarbons Law a Special Exploration Stage Extension not exceeding eight (8) years for offshore or seven (7) years for onshore, may be granted to the Lessee following its submission of a relevant application by resolution of the Council of Ministers on the recommendation of the Minister.

  • EXPLORATION DURATION OF THE EXPLORATION STAGE The Exploration Stage shall commence on the Effective Date and, unless this Agreement is terminated earlier in accordance with its terms, shall subsist for the periods described in this Article 2.

  • For an Exploration Stage Extension The Lessee may, in accordance with the provisions of paragraph 3 of article 5 of the Hydrocarbons Law apply for an exploration stage extension (an "Exploration Stage Extension").

  • Based on the results of the program, the Technical Committee will review and, if appropriate, accept some or all of the Recommended Land Areas and Additional Land Areas for further work to be conducted through the Exploration Drilling Stage (the "Generative Exploration Stage").

  • For a Basic Exploration Stage Subject as hereinafter provided, the basic exploration stage (the "Basic Exploration Stage") shall subsist for eight 8 years.

  • If such transfer takes place during the Exploration Stage or the Special Exploration Stage Extension (as the case may be), the Bank Guarantee of Article 3.7, as reduced from time to time, shall remain valid, binding and enforceable at all times or is appropriately replaced, (if needed).

  • The Bank’s liability hereunder shall be limited to paying an amount that shall not exceed the amount stated in paragraph (A) of the Recital above for the [applicable Phase] [Exploration Stage Extension].


More Definitions of Exploration Stage

Exploration Stage means the period starting on the Effective Date and ending on the date of approval of the Development Documentation.
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Exploration Stage. In earlier work (▇▇▇▇▇▇▇ et al., 2007) a few non-drilled aquifer prospects were identified referred to as Aquifer “1”, Aquifer “A” and Aquifer “B”. The latter one is partly located onshore. The total potential is estimated at 170 Mt. Table 4-1 Individual storage reservoirs from ISA2/1; *2 Aquifer “B” is partly onshore; * Q1 is underpressured; capacity calculated for initial pressure conditions; yearly injection rate based on daily injection rate 12*106 Sm3 and assuming a density of 2kg/m3 and 300 days of operation in a year; *1 K12-B Well B2 has a daily rate of 1.0*106 SM3 equalling to 0.6 Mt/a with the same assumptions on density and no of operational days mentioned for Q1. P18-4 Gas reservoir 8 1.1/7 2015 ESV Permit/pre- FEED FEED P18-2 Gas reservoir 29 1.1/21 2018 Workover diverted well Feasibility Finalize feasibility and start EIA/pre- FEED P15-9 Gas reservoir 12 1.4/5 2014 Suspended exploration well Screening (Pre-) Feasibility P15-11 Gas reservoir 17 1.4/5 2014 Screening (Pre-) Feasibility P15-13 Gas reservoir 8 0.7/5 2007 Screening (Pre-) Feasibility
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Exploration Stage means a project that is not yet in either the Development Stage or Production Stage.
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Related to Exploration Stage

  • Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

  • Exploratory well means a well that is not a development well, a service well or a stratigraphic test well.

  • Completion Statement has the meaning given to that term in the Co-ordination Agreement; Conditions has the meaning given to that term in the Co-ordination Agreement;

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

  • 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;