Common use of Reservoir Plan Clause in Contracts

Reservoir Plan. A reservoir plan that provides strategies, objectives, and methods for developing, managing, and depleting each Producible Reservoir during its producible life and that includes, but is not limited to: (i) an estimate of the number of xxxxx slots dedicated to each reservoir, including the planned number of producers and injectors; (ii) the planned bottomhole locations and timing of each anticipated well for each Producible Reservoir; (iii) a reservoir management and depletion strategy for each Producible Reservoir addressing issues that include, but are not limited to: (A) estimates of oil and gas in place; (B) reservoir rock and fluid characteristics; (C) depletion mechanism; (D) enhanced recovery and pressure maintenance plans and objectives; (E) reservoir surveillance programs (for example, cased-hole logging, static pressures) and their objectives; (F) well performance goals (for example, target production rates, target injection rates, maximum rates or drawdown limits, maximum GOR, maximum water cut, gas-lift targets); (G) reservoir performance goals (for example, target pressures or pressure profiles, target voidage replacement ratios, gas cap maintenance goals); and (H) other relevant information;

Reservoir Plan. A reservoir plan that provides strategies, objectives, and methods for developing, managing, and depleting each Producible Reservoir during its producible life and that includes, but is not limited to: (i) an estimate of the number of xxxxx slots dedicated to each reservoir, including the planned number of producers and injectors; (ii) the planned bottomhole locations and timing of each anticipated well for each Producible Reservoir; (iii) a reservoir management and depletion strategy for each Producible Reservoir addressing issues that include, but are not limited to: (A) estimates of oil and gas in place; (B) reservoir rock and fluid characteristics; (C) depletion mechanism; (D) enhanced recovery and pressure maintenance plans and objectives; (E) reservoir surveillance programs (for example, cased-hole logging, static pressures) and their objectives; (F) well performance goals (for example, target production rates, target injection rates, maximum rates or drawdown limits, maximum GORgas/oil ratio, maximum water cut, gas-lift targets); (G) reservoir performance goals (for example, target pressures or pressure profiles, target voidage replacement ratios, gas cap maintenance goals); and (H) other relevant information;