Exploration Block definition

Exploration Block means an area, the corner points of which have to be coincident with three (3) minutes by three (3) minutes latitude and longitude divisions, according to the International Grid System where possible or with the existing boundaries of the Area covered by this Concession Agreement as set out in Annex "A".
Sample 1Sample 2Sample 3
Exploration Block means an area, the corner points of which have to be coincident with three (3)minutes by three
Sample 1Sample 2Sample 3
Exploration Block means the Exploration Block marked under Rule 14 by demarcating boundaries under Rules 11 and 13.
Sample 1Sample 2Sample 3

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.

  • 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.

  • With this objective, Government of India has awarded Exploration Block CB-ONN- 2010/5 in the Cambay Basin having surface coverage of 49 sq.

  • The Carried Interest Agreement is referred to as the "CIA" and the carried interest is referred to as the "Carried Interest." The Carried Interest carries the Company for 100% of all its share of any costs incurred during the Exploration Phase prior to the date Commercial Production (as such terms are defined in the PSC-KG) commences on the Exploration Block.

  • The aggregate amount of the Bank Guarantee and Parent Company Guarantee shall be an amount equal to One Hundred percent (100%) of the total Minimum Expenditure Obligation in respect of the Phase I of the Exploration Period to be undertaken by the Investor in the Exploration Block.


More Definitions of Exploration Block

Exploration Block means an exploration block set out in the relevant Petroleum Resources Agreement;
Sample 1Sample 2Sample 3
Exploration Block means an area designated for petroleum exploration; “production area” means an area designated for petroleum production;
Sample 1Sample 2Sample 3
Exploration Block means an area confined by the geographic coordinates of its peak points on land, which has been, after an implemented license round, designated for Petroleum Exploration based on the Licence. „Istražni prostor” znači spojnicama koordinata vršnih točaka omeđen i xxxxxxxx ograničen dio prostora na kopnu koji xx xxxxx provedenog javnog nadmetanja Dozvolom određen za Istraživanje Ugljikovodika.
Sample 1Sample 2
Exploration Block means a territory defined for petroleum explorations;
Sample 1Sample 2
Exploration Block. 2.4 "Financial Statements" 3.6 "GAAP" 3.6 "i5ive" 6.9 "JOA" 3.8 "Litigation" 2.15 "Marketeam" 6.9 "1933 Act" 10.14 "1934 Act" 10.14 "Note" 1.4 "Notice" 10.7 "Participating Interest" 2.4 "Participating Interest Agreement" 2.4 "Preemptive Rights" 5.3 "Prohibited Actions" 8.2
Sample 1Sample 2
Exploration Block means an area, the corner points of which have to be coincident with six (6) minutes by six (6) minutes latitude and longitude divisions, according to the International Grid System where possible or with the existing boundaries of the Area covered by this Concession Agreement as set out in Annex "A".
Sample 1
Exploration Block means a part of an area confined by the geographic coordinates of its peak points on land or at sea, which has been, after an implemented Licence round, designated for Petroleum Exploration based on the Licence. Exploration Costs means all eligible costs that the Investor shall bear during the Exploration pursuant to the issued Licence for the Exploration and Production of Hydrocarbons and the concluded Production Sharing Agreement.
Sample 1