Exploratory well definition

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

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Exploratory well means a well drilled to find commercially productive hydrocarbons in an unproved area, to find a new commercially productive horizon in a field previously found to be productive of hydrocarbons at another horizon, or to significantly extend a known prospect.

Exploratory well means a well drilled to find and produce oil or natural gas reserves not classified as proved, to find a new productive reservoir in a field previously found to be productive of oil or natural gas in another reservoir or to extend a known reservoir.

Examples of Exploratory well in a sentence

• These are any such pieces of equipment, Works, and jobs the CONTRACTOR executes in order to determine the existence and location of Hydrocarbons in the sub-soil, which include but are not limited to geophysical, geochemical, geological, cartographic methods, and in general, superficial prospecting activities, Exploratory well drilling, and other operations which are directly related to the search or Hydrocarbons in the subsoil.

• In case the Contractor intends to also retain the area which otherwise was to be relinquished (or part thereof), the Contractor shall have the option to retain such area by committing one (1) Exploratory well for every additional twenty- five percent (25%), or less, of Contract area, over and above the mandatory exploratory well for entering Phase-II Part-A.

• Clause 311 - Insurance: Alternate B Clause 604 - Marketing Fee: Alternate B (a) petroleum: $1 / m3 (b) natural gas: $1 / 103 / m3 (c) NG liquids, etc: $1 / m3 (d) sulphur: $1 /ton Clause 903 - Casing Point Election: ▇▇▇▇▇▇▇▇▇ ▇ ▇▇▇▇▇▇ ▇▇▇▇ - ▇▇▇▇▇▇▇: Development well: 300% Exploratory well: 500% Clause 1010(a)(iv) - Title preserving well: 60 days Clause 2401 - Right to assign: Alternate A Clause 2404 - Recognition upon Assignment Deleted (replaced with 1993 CAPL Assignment Procedure) 101.

More Definitions of Exploratory well

Exploratory well means a well drilled either in search of a new, as-yet undiscovered oil or natural gas reservoir or to greatly extend the known limits of a previously discovered reservoir;

Exploratory well means a well drilled or to be drilled (as the case may be) in search of Petroleum to test a geological feature, which has not been determined to contain producible Petroleum sufficient for Commercial Production;

Exploratory well means a well drilled in search of petroleum to test a geological feature which has not been determined to contain petroleum in commercial quantities;

Exploratory well means any well drilled (i) to find and produce gas or oil in an unproven area, (ii)

Exploratory well means a well which is drilled to investigate whether hydrocarbons are present in a formation or other unit within a geological structural or stratigraphic trap in which the presence of hydrocarbons has not previously been demonstrated. The reopening and redrilling of a well shall not be considered a new Exploratory Well unless this is approved by the HA.

Exploratory well means a well that is not a Development Well, a Service Well or a Stratigraphic Test Well. "Field" means a defined geographical area consisting of one or more pools.

Exploratory well means a well drilled on a geological feature on which a significant discovery has not been made;