Examples of Exploration Block in a sentence
Amguri Oil Field and AA-ON/7 Exploration Block were operated earlier under a consortium with Canoro Resources Limited (CRL), a Canadian based E&P Company where PI of ACIL were 40% and 35% respectively.
In the event of a Discovery of Petroleum in the Exploration Block, the Investor shall inform the Ministry and the Agency within seventy two (72) hours of such Discovery, followed by a written notification within thirty (30) days of the Discovery.
Faze Istražnog Obligation in respect of the Phase II of the Exploration Period to be undertaken by the Investor in the Exploration Block, while the amount of the Parent Company Guarantees shall be equal to seventy percent (70%) of the total Minimum Expenditure Obligation in respect of the Phase II of the Exploration Period to be undertaken by the Investor in the Exploration Block.
With this objective, Government of India has awarded Exploration Block CB-ONN- 2010/5 in the Cambay Basin having surface coverage of 49 sq.
Via an exploration agreement that covers the Exploration Block and a Petroleum Production Agreement that covers the Temane and Pande Gas Fields, Sasol was granted exploration rights in the northern parts of Inhambane Province and southern sections of Sofala Province, southern Mozambique.