TVD definition
Examples of TVD in a sentence
Include a graphical image file of the 2-inch MD & TVD logs as a PDF or TIFF in addition to the log data file.
Include a graphical image file of the final 2-inch MD & TVD logs, with lithology display, oil, gas, and gas hydrate show indicators, mud properties, and cuttings descriptions and report as a PDF or TIFF in addition to the log data file.
A list of formations and other geologic markers encountered and the measured depths (MD) and true vertical depths (TVD) of each, for each well, pilot hole, and plugged back well bore.
For the purpose of performing the verification function, the TVD will work with data based on submissions and approvals from the responsible regulatory Division/Unit within the FC.
LLOG and Apache plan to drill the OCS-G Redacted (“Initial Test Well” or “ITW”) to a depth of 10,500 feet TVD to test the Redacted formations (“Objective Depth”).
The ITW is to be drilled as an Exploratory Well (as such term is used in the Operating Agreement) to 22,000’ MD / TVD or a depth sufficient to test the stratigraphic equivalent of the ‘21,000’ and 22,000’ Sand’ (the “Objective Depth”), whichever is the lesser depth.
The TVD to a large extent will perform the role of verification and validation of processes at the critical control point (harvesting, transportation, processing and export).
The TVD will also measure compliance of wood consignments to the legal standard.
The purpose of the verification and compliance monitoring is to enable the TVD check if procedures provided for in the legal standard have been complied with.
Also, the Option Agreement gives LLOG the right to earn i) 50% of Apache’s right, title and interest in and to the REDACTEd of Redacted, limited from the surface down to 11,500’ TVD, and ii) the Redacted by drilling an Additional Well either on that tract or the Redacted.