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 a well drilled in the course of Exploration Operations conducted hereunder during the Exploration Period, but does not include an Appraisal Well;

Examples of Exploration Well in a sentence

  • The Exploratory Well shall be drilled through the […] layers, but in any event to a total depth of no less than […] metres.d. The Exploration Well shall be spudded no later than year […].

  • Any such Exploratory Well or appraisal well shall be drilled through the […] layers, but in any event to a total depth of no less than […] metres.d. The Exploration Well or appraisal well shall be spudded no later than year […].

  • Contract Area Unsuccessful Exploration and Appraisal Costs mean those Operating Costs incurred anywhere in the Contract Area in connection with the drilling of any Exploration Well or Appraisal Well in the Contract Area which does not result in a Commercial Discovery.

  • If any obligatory Exploration Well is abandoned due to insurmountable technical problems as set out in Article 3.2.1 (b), (c) and (d) and, at the time of such abandonment, the Exploration Costs for such Well have equaled or exceeded [insert amount] Dollars ($[insert amount]), for all purposes of this Contract, the Contractor shall be deemed to have fulfilled the minimum work obligations for the relevant period.

  • It is plain on its face that the Community Information Ellesmere Port Exploration Well brochure (CD1.8) was designed to give the impression that the appellant’s primary objective was drilling a Coal Bed Methane well and for Coal Bed Methane.


More Definitions of Exploration Well

Exploration Well means any well whose purpose at the time of commencement of drilling such well is to explore for any accumulation of Hydrocarbons whose existence at that time was not confirmed by drilling.
Exploration Well means any well whose purpose at the time of the commencement of drilling is to explore for an accumulation of Petroleum whose existence was at that time unproven by drilling;
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.
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 any Well whose sole objective is to verify the existence of Hydrocarbons or to study all the necessary elements that might lead to a Discovery.
Exploration Well means a well which tests clearly a separate geological entity, be it of structural, lithologic or facies of pressure nature, penetrating all prospective intervals at the particular location;
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 Xxxxx or outpost xxxxx.