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

• 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, during drilling of an Exploration Well and prior to reaching the targeted depth, drilling problems are encountered which, after all reasonable efforts (in accordance with good practices generally observed in the international petroleum industry) have been made to drill deeper, render further drilling of the said Exploration Well impossible, impractical or unsafe, Contractor may plug and abandon or complete the well and the work obligation for such well shall be deemed fulfilled.

• If the Contractor conducts a formation test in any Exploration Well, it shall notify the Minister at least ten (10) Days prior to the commencement of the formation test.

• Contractor shall inform Sonangol within thirty (30) days of the end of the drilling and testing of an Exploration Well, the results of the final tests of the Well and whether such a Well is commercial or not.

• Upon completion of such Exploration Well, credit will be given to the Minimum Work obligation related to the Phase or Renewal that was extended.

More Definitions of Exploration Well

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.

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 any well drilled with the objective of confirming a geologic trap in which Petroleum has not been previously discovered.

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 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 for the purpose of confirming a structure or a separate geological feature in which no Discovery has previously been made by the Contractor.

Exploration Well means a Well drilled for the purpose of discovering Petroleum, including Appraisal Xxxxx to the extent permitted by Article 16.