Drilling. OPERATOR shall have all drilling operations conducted by qualified and responsible independent contractors under competitive contracts. However, OPERATOR may employ its equipment and personnel in the conduct of such operations, but its charges therefor shall not exceed the then prevailing rates in the area and such work shall be performed pursuant to a written agreement among the PARTICIPATING PARTIES.
Drilling. Before commencing a drilling operation, Lessee shall pay or tender to the surface owner commencement money as set out in the regulations in 25 CFR 226, after which lessee shall be entitled to immediate possession of the drilling site. Lessee shall not drill within 300 feet of boundary line of leased lands, nor locate any well or tank within 200 feet of any public highway, established watering place, or building used as a dwelling, granary, or barn, except with the written permission of the Superintendent.
Drilling. Drilling of at least one (1) Exploration Well, to a depth of at least …………………(……..) metres, true vertical depth below mudline to the value of approximately …………United States Dollars (US$ ), equivalent to …….. Work Units.
Drilling. The drilling shall be done in accordance with the specification contained in IS: 2800 Part_ I, 1979 and as described in Chapter of work
Drilling. Rig At contractors discretion, either 1,2 for any vertical or SWD well and either 4,6 or 8 for any vertical or horizontal well. Complete drilling rig, designated by Contractor as its Rig No. 1, 2, 4, 6 or 8 the major items of equipment being:
Drilling. 1. All work must conform to the Building drilling policy. The use a hammer drill with tool interrupter device or equipment is required if X-rays or Farroscan is not performed. Contact the Building Management to review the current Construction Policies. Building Management must review and approve all work prior to any work.
Drilling. At least (in figure) (in words) Exploration Well(s); each not less than meter tvd, measured from sea bed. [Note: 3300m tvd for shallow sea blocks and 2200m tvd for deep sea blocks]
Drilling. Drilling of at least one (1) Exploration Well, to a depth of at least …………………( ) metres, true vertical depth below mudline to the value of approximately United States Dollars (US$ ). At the end of the second renewal of the Petroleum Exploration Licence, the Contractor shall elect either to relinquish the entire Contract Area or apply for the third renewal of the Petroleum Exploration Licence. The third renewal of the Petroleum Exploration Licence is subject to the Contractor having fulfilled the Minimum Exploration Work Programme specified in Article 11.4 to the satisfaction of the Minister and relinquishment of areas pursuant to Article 9. The Contractor shall not be released of its work and financial obligations under this Agreement if it fails to carry out the Minimum Exploration Work Programme to the Minister’s satisfaction.
Drilling. This group includes any, and all, varieties of drilling for sampling, testing and production of materials within a worksite and including general maintenance.
Drilling. In December 2005, the Company signed a drilling contract with Petrex S.A., a subsidiary of Saipem SpA of Italy. Under the contract, Petrex S.A. will provide a platform rig capable of drilling to 16,000 feet and upgrade the rig to meet the Company’s specifications. The Company intends to utilize the rig for the initial development of the Corvina gas field and may also utilize it for the expected development of the Albacora oil field, and potential appraisal xxxxx in the Xxxxxx Xxxxxxx gas field. The Company has agreed to pay a $5.5 million fee to mobilize and upgrade the rig. In exchange, the Company will receive a competitive fixed day rate and exclusive rights to use the rig, at its option, during the two-year period commencing with delivery of the rig.
