open acreage definition
open acreage. E-A-RS0303 shall mean any area within the Territory in respect of which alI hydrocarbon exploration and production rights are or remain for the time being excIusively vested in the Govemment through the ; ,'-~ appropriate entities and/or authorities; "Operator"
open acreage means acreage of the Zone not subject at the relevant time to an OPL, OML or PSC;