Exploration Block definition

Exploration Block means an area, the corner points of which have to be coincident with three (3) minutes by three (3) minutes latitude and longitude divisions, according to the International Grid System where possible or with the existing boundaries of the Area covered by this Concession Agreement as set out in Annex "A".
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Exploration Block means an area, the corner points of which have to be coincident with three (3)minutes by three
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Exploration Block means an area designated for petroleum exploration; “production area” means an area designated for petroleum production;
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Examples of Exploration Block in a sentence

  • Date, Place, Signatories ANNEX I – CONTRACT AREA CARTOGRAPHIC PARAMETERS USED FOR THE COORDINATES (Include information on the Sedimentary Basin and Exploration Block, pursuant to ANP’s Grid standard) ANNEX II – MINIMUM EXPLORATION PROGRAM The Exploration Phase shall be effective for «duration» years.

  • The Joint Venture Company shall not own any right, title, interest or estate in or under the Agreement or any Development Lease created there under or in any of the Petroleum produced from any Exploration Block or Development Lease there under or in any of the assets, equipment or other property obtained or used in connection therewith, and shall not be obligated as a principal for the financing or performance of any of the duties or obligations of either EGAS or CONTRACTOR under the Agreement.

  • LAND SCHEDULE Bulgaria Exploration Block: Crude oil and natural gas prospecting and exploration Block 1-11 Vranino situated in Dobrich District, Bulgaria.

  • Kisaran Exploration Block Pacific Oil & Gas (PO&G) is making further investment in upstream field development in Indonesia through farming in to Kisaran Block (a Chevron's exploration block located in North Sumatra Province, Indonesia).

  • SUPPLEMENT E: FORM OF PARENT COMPANY GUARANTEE Applicant: (Investor) Beneficiary: Ministry of Environment and Energy Xxxxxxxx xxxxx 00 00000 Xxxxxx, Xxxxxxxx of Croatia (hereinafter "Ministry") In consideration of your having contracted by way of an Production Sharing Agreement for exploration and exploitation of hydrocarbons in the Exploration Block (insert Exploration Block name) dated............................


More Definitions of Exploration Block

Exploration Block means an exploration block set out in the relevant Petroleum Resources Agreement;
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Exploration Block means a territory defined for petroleum explorations;
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Exploration Block means the Exploration Block marked under Rule 14 by demarcating boundaries under Rules 11 and 13.
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Exploration Block means an area confined by the geographic coordinates of its peak points on land, which has been, after an implemented license round, designated for Petroleum Exploration based on the Licence. „Istražni prostor” znači spojnicama koordinata vršnih točaka omeđen i xxxxxxxx ograničen dio prostora na kopnu koji xx xxxxx provedenog javnog nadmetanja Dozvolom određen za Istraživanje Ugljikovodika.
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Exploration Block. 2.4 "Financial Statements" 3.6 "GAAP" 3.6 "i5ive" 6.9 "JOA" 3.8 "Litigation" 2.15 "Marketeam" 6.9 "1933 Act" 10.14 "1934 Act" 10.14 "Note" 1.4 "Notice" 10.7 "Participating Interest" 2.4 "Participating Interest Agreement" 2.4 "Preemptive Rights" 5.3 "Prohibited Actions" 8.2
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Exploration Block means a part of an area confined by the geographic coordinates of its peak points on land or at sea, which has been, after an implemented Licence round, designated for Petroleum Exploration based on the Licence. Exploration Costs means all eligible costs that the Investor shall bear during the Exploration pursuant to the issued Licence for the Exploration and Production of Hydrocarbons and the concluded Production Sharing Agreement.
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Exploration Block means an area, the corner points of which have to be coincident with six (6) minutes by six (6) minutes latitude and longitude divisions, according to the International Grid System where possible or with the existing boundaries of the Area covered by this Concession Agreement as set out in Annex "A". (p) "Development Block" shall mean an area, the corner points of which have to be coincident with one (1) minute by one (1) minute latitude and longitude divisions, according to the International Grid System where possible or with the existing boundaries of the Area covered by this Concession Agreement as set out in Annex "A". (q) "Development Lease(s)" shall mean the Development Block or Blocks covering the geological structure capable of production, the corner points of which have to be coincident with one (1) minute by one (1) minute latitude and longitude divisions according to the International Grid System where possible or with the existing boundaries of the Area covered by this Concession Agreement as set out in Annex "A". (r) "Agreement" shall mean this Concession Agreement and its Annexes. (s) "Gas Sales Agreement" shall mean a written agreement between EGPC and CONTRACTOR (as seller) and EGPC (as buyer), which contains the terms and conditions for Gas sales from a Development Lease entered into pursuant to Article VII (e). (t) "Standard Cubic Foot" (SCF) is the amount of Gas necessary to fill one (1) cubic foot of space atmospheric pressure of 14.65 PSIA at a base temperature of sixty degrees Xxxxxxxxxx (00XXX. F). ARTICLE II
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