Common use of Geological and Geophysical Evaluation Clause in Contracts

Geological and Geophysical Evaluation. The Partnership will carry out and complete a regional evaluation during the First 3-Year Exploration Period which shall cover one or more Blocks. This evaluation will include the following: a. Analysis, interpretation and reprocessing of existing seismic data b. Analysis of existing well log data c. Integration and evaluation of seismic, log, gravity and magnetic data d. Identification of structural and stratigraphic traps e. Identification and analysis of potential reservoir rock characteristics f. Determination of appropriate drilling, completion and production techniques g. Acquisition of 2-D seismic data over 500 km of seismic lines.

Appears in 3 contracts

Samples: Mining Usufruct Agreement (Fx Energy Inc), Mining Usufruct Agreement (Fx Energy Inc), Mining Usufruct Agreement (Fx Energy Inc)

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Geological and Geophysical Evaluation. The Partnership will carry out and complete a regional evaluation during the First 3-Year Exploration Period which shall cover one or more Blocks. This evaluation will include the following: a. Analysis, interpretation and reprocessing of existing seismic data b. Analysis of existing well log data c. Integration and evaluation of seismic, log, gravity and magnetic data d. Identification of structural and stratigraphic traps e. Identification and analysis of potential reservoir rock characteristics f. Determination of appropriate drilling, completion and production techniques techniques g. Acquisition of 2-D seismic data over 500 km of seismic lines.

Appears in 1 contract

Samples: Mining Usufruct Agreement (Fx Energy Inc)

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