Appraisal Programme definition
Appraisal Programme means a programme, carried out following a Discovery in the Contract Area for the purpose of appraising Discovery and delineating the Petroleum Reservoirs to which the Discovery relates in terms of thickness and lateral extent and determining the characteristics thereof and the quantity of recoverable Petroleum therein.
Appraisal Programme means a programme for the conduct of Appraisal Operations.
Appraisal Programme means an approved work programme and budget prepared for purpose of appraisal;
Examples of Appraisal Programme in a sentence
An Appraisal Programme shall be for the proposed Appraisal Area and shall contain as a minimum one (1) Appraisal Well during the Appraisal Period to the formations containing the discovery.
If Concessionaire proposes an Appraisal Programme of more than two (2) Appraisal ▇▇▇▇▇, the Minister may approve an Appraisal Period of three (3) Years.
The Appraisal Period shall be two Years from the date of approval by the Minister of the Appraisal Programme.
More Definitions of Appraisal Programme
Appraisal Programme means a programme carried out, following a discovery of petroleum for the purpose of delineating the accumulation of petroleum to which the discovery relates in terms of thickness and lateral extent and estimating the quantity of recoverable petroleum therein;
Appraisal Programme means a programme, following a Discovery of Hydrocarbons in the Contract Area, to delineate the Hydrocarbons Reservoir to which that Discovery relates in terms of thickness and lateral extent and to estimate the quantity of recoverable Hydrocarbons therein. Such a programme may include a seismic survey or Appraisal ▇▇▇▇▇ drilled to a depth sufficient to penetrate the Hydrocarbons Reservoir being appraised, or both.
Appraisal Programme means a programme for the Appraisal of a discovery pursuant to Article 7.
Appraisal Programme means a written plan that establishes a programme for determining the extent and commercial value of a discovery of Petroleum in the Contract Area.
Appraisal Programme means the appraisal programme for Appraisal Operations, inclusive of the estimated budget of costs and expenses of carrying out the same, that the Holder prepares and is approved by the Grantor in accordance with Clause 16 3;
Appraisal Programme means a Work Programme submitted by the Contractor to the Coordination Committee for approval, under which the Contractor will evaluate and delineate a discovery of Petroleum, and which has been approved, or deemed approved, by the Coordination Committee as herein provided. Any Appraisal Programme which has not yet been so approved shall herein be referred to as a Draft Appraisal Programme.
Appraisal Programme means work program prepared for the purpose of Appraisal;