Intermediate Casing Point definition

Intermediate Casing Point means the time when (a) the Initial Well has been drilled to the A/B Shale, (b) all logs, tests, and evaluations have been completed and the results thereof have been furnished to the Parties, and (c) a recommendation has been made whether to continue drilling the Initial Well to the Objective Zone or to abandon the Initial Well as a dry hole.
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Examples of Intermediate Casing Point in a sentence

  • If BP reaches Intermediate Casing Point and proposes to abandon the Initial Well as a dry hole, (i) BP shall plug and abandon the Initial Well in accordance with Section 2.7, and (ii) Company shall have no right or option to takeover the Initial Well.

Related to Intermediate Casing Point

  • H-point means the pivot centre of the torso and thigh of the H-point machine when installed in a vehicle seat in accordance with Annex 12. Once determined in accordance with the procedure described in Annex 12, the "H" point is considered fixed in relation to the seat-cushion structure and is considered to move with it when the seat is adjusted.

  • Intermediate product means a product that requires further manufacturing or transformation such as mixing, coating or assembling to make it suitable for end- users;

  • R-point means a reference point defined for each seat by the manufacturer in relation to the vehicle's structure, as indicated in Annex 6 to Regulation No.94

  • Intermediate school district means that term as defined in section 4 of the revised school code, 1976 PA 451, MCL 380.4.

  • Flash point means the lowest temperature of a liquid at which its vapours form a flammable mixture with air;