Workover Operations definition
Workover Operations means any operation required to be carried out using Workover Rig by Contractor in accordance with the Scope of Work.
Workover Operations means operations on a producing or non-producing well for the purpose of stimulating or restoring Production in the same or existing producing horizon or for the purpose of restoring or increasing Production, in each case without an intended increase in the proved developed producing component of Proved and Probable Reserves, including the repair of sucker rods, tubing, casing and leaks, as well as cleaning out sand-filled perforations, and acidizing; provided that it shall not include any Workover Drilling; “Workover Drilling” means operations on a producing or non-producing well related to the operation that results in the deepening (vertically or horizontally) of a well or plugging back to a shallower horizon for the purpose of accessing proved undeveloped reserves or increasing the proved developed producing component of Proved and Probable Reserves and shall include the intended initiation, restoration or increase of Production and an intended increase in the proved developed producing component of Proved and Probable Reserves; provided that it shall not include any Workover Operations; “Drilling” means the search for Oil and Gas in their natural states and original locations that may include, but not be limited to, drilling, completion, reentry, sidetracking, horizontal laterals, recompletions, fracing, Workover Drilling, secondary recovery, tertiary recovery and any other method; “Plugging and Abandonment Expenses” means the expense and capitalized cost to plug and abandon a well as required by the appropriate regulatory authorities as a result of the well being (i) completed as a nonproductive well; (ii) ceasing to produce oil or gas; (iii) operated for the purpose for which the well is no longer permitted; or (iv) in violation of an environmental law, rule or regulation.
Workover Operations means work performed in a well after its completion in an effort to secure production where there has been none, restore production that has ceased or increase production.
Examples of Workover Operations in a sentence
As compensation for its services in developing the Prospects and acting as operator for Proposed Operations and Workover Operations of each Well, Husky shall receive a 5% carried interest on all actual and reasonable drilling and completion costs incurred (“Carry Amount”), up to a total of $4,000,000.00 of total drilling and completion costs incurred per Well.
More Definitions of Workover Operations
Workover Operations means operations on a producing or non-producing well for the purpose of stimulating or restoring Production in the same or existing producing horizon or for the purpose of restoring or increasing Production, in each case without an intended increase in the PDP component of Proved Reserves, including the repair of sucker rods, tubing, casing, and leaks as well as cleaning out sand-filled perforations, and acidizing; provided that it shall not include any Workover Drilling.