Total Depth definition

Total Depth means the true vertical depth to which each Exploration Well will be drilled, as determined pursuant to this Agreement.
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Total Depth means the depth reached in each exploration well. InterOil shall use all reasonable commercial efforts to drill to target depth stipulated in the relevant Drilling Program on each well.
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Total Depth means as to the First Earning Well or the Second Earning Well the maximum depth actually reached during those drilling operations.
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Examples of Total Depth in a sentence

  • Any alternate location and Total Depth proposed by an Investor must be located on a license owned by InterOil in an area that InterOil determines to be reasonably accessible by InterOil for the purpose of drilling the Optional Exploration Well to the Total Depth proposed.

  • Participant shall serve as the operator of the Contract Acreage and shall drill the Initial Test Well with due diligence in a workmanlike manner to a depth sufficient to test the base of the ▇▇▇▇▇ Formation (hereinafter called "Total Depth") unless the parties hereto agree to complete or abandon the Initial Test Well at a lesser depth.

  • If an alternate location or Total Depth is not approved by such a Majority Interest, then the Optional Exploration Well shall be drilled at the location and to the Total Depth proposed by InterOil.

  • If a location (which may be a Zone) and Total Depth is approved by the vote of a Majority Interest, such location (which may be a Zone) and/or Total Depth shall be the location and Total Depth of the Optional Exploration Well.

  • Any proposed Total Depth must be no deeper than is, in the judgment of InterOil, technically feasible given the drilling conditions and equipment reasonably available to InterOil at the drilling location and in no event deeper than 3,500 meters.

  • Site Borings Total No of Boring Boring Designation Depth (ft) Total Depth (ft) ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ ▇ ▇-▇ & P-2 80 160 Paving 2 P-3 thru P-4 20 40 Piezometer 1 P-1 (PZ-1) 50* 50* Pecan Creek Road (Total Depth, ft.) ▇▇▇ ▇▇▇▇▇ ▇▇▇▇▇ ▇▇▇▇ ▇▇▇▇▇▇ ▇▇▇▇▇▇ 2 C-1 & C-2 80 160 Paving 2 C-3 thru ▇- ▇▇ ▇▇ ▇▇▇▇▇▇▇▇▇▇ ▇ ▇-▇ (PZ-2) 50* 50* The proposed borings are located within existing pavement thus coring will be required.

  • Furthermore, Operator's failure to reach Total Depth in the Initial Well or Substitute Well shall not result in damages to Operator or Operator's agents.

  • InterOil shall designate the location and Total Depth of two Optional Exploration Well locations on licenses owned by InterOil designed to test separate Zones.

  • Seller’s payment of all costs shall include the costs for the drilling of the Well to Total Depth, the open hole logging of the Well, and the casing of the Well through the pay sands identified herein as targets or, in the case of a dryhole, the plugging and abandonment of the well.

  • InterOil will be responsible for, and shall pay promptly when due, all costs incurred to drill each of the Designated Exploration W▇▇▇▇ and Optional Exploration W▇▇▇▇ to Total Depth, including, without limitation, any costs incurred for materials, services and labor in connection the drilling of each such well.


More Definitions of Total Depth

Total Depth means the intended or actual depth of drilling together with any necessary “rat hole” necessary for prudent operations.
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Related to Total Depth

  • Lot depth , means the horizontal distance between the front and rear lot lines. If the front and rear lot lines are not parallel, "lot depth" means the length of a straight line joining the middle of the front lot line with the middle of the rear lot line. When there is no rear lot line, "lot depth" means the length of a straight line joining the middle of the front lot line with the apex of the triangle formed by the side lot lines.

  • Total THC means the sum of the percentage by weight of THCA multiplied by 0.877 plus the percentage by weight of THC i.e., Total THC = (%THCA x 0.877) + % THC.

  • Horizontal well means a well with a horizontal displacement of the well bore drilled at

  • stratigraphic test well means a drilling effort, geologically directed, to obtain information pertaining to a specific geologic condition. Ordinarily, such wells are drilled without the intention of being completed for hydrocarbon production. They include wells for the purpose of core tests and all types of expendable holes related to hydrocarbon exploration. Stratigraphic test wells are classified as (i) "exploratory type" if not drilled into a proved property; or (ii) "development type", if drilled into a proved property. Development type stratigraphic wells are also referred to as "evaluation wells".

  • Floor area ratio means the sum of the area of all floors of