Appraisal Operations definition

Appraisal Operations means any operation, study, activity to appraise and evaluate the extent and volume of petroleum within a discovery made by the holder in the exploration area for purposes of 10

Appraisal Operations means the drilling of Appraisal Xxxxx and other activities for the purpose of evaluating the quantities or qualities of Petroleum in a Petroleum Pool encountered by a Discovery Well;

Appraisal Operations means any and all operations such as (but not be limited to) geological, geophysical, aerial and any other surveys and any interpretation of data relating thereto as may be contained in approved Work Programs and Budgets and the drilling of such shot-holes, core holes, stratigraphic tests, holes for the appraisal of Petroleum and other related holes and xxxxx, the production testing, PVT and core analyses and the purchase or acquisition of such supplies, materials and equipment thereof, all as may be contained in approved Work Programs and Budgets.

Examples of Appraisal Operations in a sentence

• Within 30 days after such submission the Committee may decide to proceed with a feasibility study in accordance with the provisions of this clause or decide to carry out supplementary Appraisal Operations.

• Once the approved operation is completed, the Parties shall follow the procedure provided in Article 11.2 (Appraisal Operations at Objective Depth) for all other proposals for operations in the well bore until such time as the well is temporarily abandoned or permanently abandoned.

• The Hydrocarbon Recoupment amount for all Appraisal Operations conducted as Non-Consent Operations is the Non-Participating Interest Share of the Costs of the Appraisal Operation multiplied by six hundred percent (600%).

• If Article 8.3 (Second Opportunity to Participate) or Article 8.4 (Participation by Fewer Than All Parties), or both, apply to any Election in Article 11.2 (Appraisal Operations at Objective Depth), then the response period in those articles shall be twenty-four (24) hours (inclusive of Saturdays, Sundays, and federal holidays) instead of forty-eight (48) hours (exclusive of Saturdays, Sundays, and federal holidays).

• No such modification may be made after the date of completion of the Appraisal Operations.

More Definitions of Appraisal Operations

Appraisal Operations means any operation, study, activity to appraise and evaluate the extent and volume of petroleum within a discovery made by the holder in the exploration area for purposes of determining whether the discovery is in such quantities as will permit the economic development thereof on its own or in combination with other existing discoveries as part of a unitised development; "appraisal work programme" means the approved appraisal work programme indicating the operations to be conducted in the appraisal area during the validity of the exploration right, including—

Appraisal Operations shall include, but not be limited to, such geological, geophysical, aerial and any other surveys and any interpretation of data relating thereto and the drilling of such shot-holes, core holes, stratigraphic tests, holes for the appraisal of Petroleum and other related holes and xxxxx, the production testing and the purchase or acquisition of such supplies, materials and equipment therefore, as may be contained in approved Plans and Work Programs.

Appraisal Operations. ’ means any operation, study, activity to appraise and evaluate the extent and volume of petroleum within a discovery made by the holder in the

Appraisal Operations means that portion of Exploration Operations following a Discovery which is conducted for the purpose of Appraisal.

Appraisal Operations means operations conducted in the Contract Area for the purpose of determining whether a field discovered therein is a commercial field.

Appraisal Operations means any and all operations and work conducted within Exploration, in the Appraisal Area to determine the physical extent, reserves and likely production rate of Petroleum Reservoir(s). „Ocjenski radovi” znači bilo koji i svi radovi koji se obavljaju u okviru Istraživanja, unutar Ocjenskog područja u svrhu utvrđivanja fizičkog dosega, rezervi i vjerojatnog kapaciteta eksploatacije Ležišta ili više Ležišta Ugljikovodika.

Appraisal Operations means that portion of Exploration Operations following a Commercial Discovery which is conducted for the purpose of delineating the Discovery Area in which that Commercial Discovery is located in terms of thickness and lateral extent and ascertaining the extent, volume and commerciality of recoverable Petroleum from the Reservoir enclosed by that Discovery Area, including the drilling and completion of Appraisal Wells and any activities or operations in connection with preparing or proposing a Proposed Development and Production Plan (which includes reservoir analysis, engineering, environmental and economic data gathering and analysis).