Exploration Well definition
Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.
Exploration Well means a Well drilled for the purpose of searching for undiscovered Petroleum accumulations on any geological entity (be it of structural, stratigraphic, facies or pressure nature) to at least a depth or stratigraphic level specified in the Work Programme.
Exploration Well means any well the purpose of which at the time of the commencement of drilling is to explore for an accumulation of Hydrocarbons, which accumulation was at that time unproven by drilling.
Examples of Exploration Well in a sentence
If upon expiry of any Exploration Phase, any Exploration Well is being drilled, which was spudded at least ninety (90) consecutive days prior to the end of such phase, or which is a substitute Well pursuant to Article 5.6, Concessionaire shall be entitled to an extension of the then current Exploration Phase to complete such Exploration Well.
PETROLEUM discovery and appraisal AND COMMERCIAL DISCOVERY Petroleum Discovery Where a discovery is made in an Exploration Well, Concessionaire shall inform the Minister immediately of such discovery.
More Definitions of Exploration Well
Exploration Well means a well drilled in the course of Exploration Operations conducted hereunder during the Exploration Period, but does not include an Appraisal Well;
Exploration Well means any well drilled with the objective of confirming a geologic trap in which Petroleum has not been previously discovered.
Exploration Well means a well on any geological structure(s), whose purpose at the time of commencement of such well is to explore for an accumulation of Petroleum whose existence at the time was unproven by drilling;
Exploration Well means a Well drilled for the purpose of searching for undiscovered Petroleum accumulations on any geological entity (be it of structural, stratigraphic, facies or pressure nature) to at least a depth as specified in the Article 5.1 .
Exploration Well means a well that is not a development well, a service well or a stratigraphic test well; "forecast prices and costs" means future prices and costs that are:
Exploration Well means any well, which upon commencement is intended to explore for any accumulation of Petroleum previously unconfirmed. For the purposes of this Agreement an Exploration Well shall not include Appraisal ▇▇▇▇▇ or outpost ▇▇▇▇▇.
Exploration Well means a well drilled inside the established limits of an oil and gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.