Well Assessment Clause Samples
The Well Assessment clause establishes the requirements and procedures for evaluating the condition, performance, and safety of a well. Typically, this clause outlines the criteria for conducting inspections, the frequency of assessments, and the responsibilities of the parties involved in monitoring the well's integrity. For example, it may require periodic testing for leaks or structural weaknesses and mandate reporting of any issues found. Its core practical function is to ensure ongoing well safety and compliance, thereby minimizing operational risks and preventing environmental or safety incidents.
Well Assessment logging and formation tests performed between the End of Drilling and Well Completion that, combined with other activities previously developed at the well, will enable verification of the occurrence of areas of interest for presentation of a possible Discovery Assessment Plan.
