Definition of Technical Reasons


Technical Reasons means APC's determination, provided in writing to Participant, that the drilling of a Development Well on a Lease is (a) prevented by Force Majeure (including the failure to obtain governmental consents or permits) or (b) not justifiable given APC's reasonable technical, commercial and economic evaluation of the Lease based on the following:
Sample 1

Examples of Technical Reasons in a sentence

Technical Reasons - A significant change in work processes, introduction of new systems or technology requiring a reduction in the numbers of staff employed.