Appraisal Program definition

Appraisal Program. ’ means a series of activities, including drilling of wells, necessary to determine whether a discovery of hydrocarbons can be developed for commercial production.
Appraisal Program means a program carried out following a Discovery of Petroleum for the purpose of delineating the accumulation of Petroleum to which that Discovery relates in terms of thickness and lateral extent and estimating the quantity of recoverable Petroleum therein;
Appraisal Program means a work program submitted by Contractor under which Contractor will evaluate and delineate a Discovery of Petroleum in the Contract Area.

Examples of Appraisal Program in a sentence

  • When the cause for placement on probation arises apart from the ordinary statutory evaluation cycle, the member’s evaluator will provide assistance to the member, addressing the reasons for placement on probation as outlined by the Superintendent of Schools and described in the Level I Improvement Plan in the Educator Appraisal Program Manual.

  • The goal of the Performance Appraisal Program is to implement a revised teacher observation and evaluation process.

  • Partial payment for work expended on deleted parcels shall be negotiated with the Appraisal Program Manager, or designee.

  • Award of additional work may be assigned to the original or current appraiser on the project without further bidding as long as the proposed fee for any additional parcels or changes in scope of services are deemed reasonable by the Appraisal Program Manager, or his designee.

  • The Appraisal Program Manager, or designee, will initiate Project Fee Proposal requests for general updates, Order of Taking updates, and additional parcel appraisals.

  • Failure to correct appraisal deficiencies within thirty (30) days of notification by the County, will require the Contractor to update the appraisal without additional cost to the County unless an extension of time is granted in writing by the Real Estate Management Division’s Appraisal Program Manager or their designee.

  • The Appraisal Program Manager, or designee, as requested by the County Attorney’s Office, will initiate Project Fee Proposal requests for litigation services subsequent to the Order of Taking Hearing.

  • The DoD automated appraisal tool authorized for use by both supervisors and employees to document the performance management process of the DoD Performance Management and Appraisal Program.

  • When the cause for placement on probation arises in the course of the statutory evaluation cycle, the procedures to be followed are found in the Educator Appraisal Program Manual.

  • Failure to correct appraisal deficiencies within thity (30) days of notification by the County, will require the Contractor to update the appraisal without additional cost to the County unless an extension of time is granted in writing by the Real Estate Management Division’s Appraisal Program Manager or their designee.


More Definitions of Appraisal Program

Appraisal Program means the proposal submitted by Contractor to Petrobangla to appraise a Discovery pursuant to the provisions of Article 8.2.
Appraisal Program means a work program, submitted by the Contractor, including a Budget, for the purpose to evaluate and delineate a Commercial Discovery.
Appraisal Program has the meaning assigned to it in Article 7.7.
Appraisal Program shall have the meaning set forth in Article 5.1.
Appraisal Program means a plan of work for the purpose of determining whether the Discovery made by such Discovery Well constitutes a Commercial Discovery.

Related to Appraisal Program

  • Appraisal Procedure means a procedure whereby two independent appraisers, one chosen by the Company and one by the Investor, shall mutually agree upon the Fair Market Value. Each party shall deliver a notice to the other appointing its appraiser within 10 days after the Appraisal Procedure is invoked. If within 30 days after appointment of the two appraisers they are unable to agree upon the Fair Market Value, a third independent appraiser shall be chosen within 10 days thereafter by the mutual consent of such first two appraisers. The decision of the third appraiser so appointed and chosen shall be given within 30 days after the selection of such third appraiser. If three appraisers shall be appointed and the determination of one appraiser is disparate from the middle determination by more than twice the amount by which the other determination is disparate from the middle determination, then the determination of such appraiser shall be excluded, the remaining two determinations shall be averaged and such average shall be binding and conclusive upon the Company and the Investor; otherwise, the average of all three determinations shall be binding upon the Company and the Investor. The costs of conducting any Appraisal Procedure shall be borne by the Company.

  • Appraisal Well means a Well drilled pursuant to an Appraisal Programme.

  • Control Appraisal Period shall exist with respect to the Mortgage Loan, if and for so long as:

  • Appraisal review means the act or process of developing

  • Appraisal Foundation means the Appraisal Foundation that was incorporated as an Illinois not-for-profit corporation on November 30, 1987.