Appraisal Well means a Well drilled pursuant to an Appraisal Programme.
Appraisal Well means any well (other than an Exploration Well or a Development Well) whose purpose at the time of commencement of drilling such well is to appraise the extent or the volume of Hydrocarbon reserves contained in an existing Discovery.
Appraisal Well means any Well drilled after a Discovery of Petroleum has been made in the Licence Area for purposes of determining the quantity of Petroleum in the Petroleum Reservoir to which such Discovery relates;
Examples of Appraisal Well in a sentence
Contract Area Unsuccessful Exploration and Appraisal Costs mean those Operating Costs incurred anywhere in the Contract Area in connection with the drilling of any Exploration Well or Appraisal Well in the Contract Area which does not result in a Commercial Discovery.
More Definitions of Appraisal Well
Appraisal Well means a Well drilled following a Commercial Well to delineate the physical extent of the accumulation penetrated by such Commercial Well, and to estimate the accumulation reserves and probable Production rates.
Appraisal Well means a well that is drilled to delineate one or more Petroleum reservoirs to which a Discovery relates in terms of thickness and lateral extent and in order to further define the quantity and quality of recoverable Petroleum therein.
Appraisal Well means a Well drilled for the purpose of evaluating the commercial potential of a geological structure or prospect in which Hydrocarbons have been discovered.
Appraisal Well means any well whose purpose at the time of commencement of drilling such well is the determination of the extent or the volume of Hydrocarbon reserves contained in an existing Discovery.
Appraisal Well means a well drilled principally to define more accurately the extent or nature of a previously discovered oil or gas accumulation:
Appraisal Well means any well drilled after discovery of petroleum in a contract area for purpose of ascertaining the quantity and areal extent of petroleum in the petroleum reservoir to which that discovery relates;
Appraisal Well means a petroleum well to test the potential of one (1) or more natural underground reservoirs for producing or storing petroleum. For clarity, an appraisal well does not include an exploration well.