Common use of Formation Testing Clause in Contracts

Formation Testing. If the Contractor conducts a formation test in any Exploration Well, it shall notify the Minister at least ten (10) Days prior to the commencement of the formation test. The Contractor shall submit the data derived directly from the test to the Minister within fifteen (15) Days following completion of the test. Within ninety (90) Days from completion of the formation test, the Contractor shall submit the relevant information to the Minister, along with technical studies and reports conducted after the formation test.

Formation Testing. If the Contractor conducts a formation test in any Exploration Well, it shall notify the Minister at least ten (10) Days calendar days prior to the commencement of the formation test. The Contractor shall submit the data derived directly from the test to the Minister within fifteen (15) Days calendar days following completion of the test. Within ninety (90) Days calendar days from completion of the formation test, the Contractor shall submit the relevant information to the Minister, along with technical studies and reports conducted after the formation test.

Formation Testing. If the Contractor conducts a formation test in any Exploration Well, it shall notify the Minister at least ten (10) Days calendar days prior to the commencement of the formation test. The Contractor shall submit the data derived directly from the test to the Minister within fifteen (15) Days calendar days following completion of the test. Within ninety (90) Days from completion of the formation test, the Contractor shall submit the relevant information to the Minister, along with technical studies and reports conducted after the formation test.ninety