Exploration Well definition

Exploration Well means a well that is not a development well, a service well or a stratigraphic test well.

Exploration Well means a Well drilled for the purpose of searching for undiscovered Petroleum accumulations on any geological entity (be it of structural, stratigraphic, facies or pressure nature) to at least a depth or stratigraphic level specified in the Work Programme.

Exploration Well means a well drilled in the course of Exploration Operations conducted hereunder during the Exploration Period, but does not include an Appraisal Well;

Examples of Exploration 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.

• Contractor shall inform Sonangol within thirty (30) days of the end of the drilling and testing of an Exploration Well, the results of the final tests of the Well and whether such a Well is commercial or not.

• If the Contractor conducts a formation test in any Exploration Well, it shall notify the Minister at least ten (10) Days prior to the commencement of the formation test.

• Contract Area Non-Drilling Exploration Costs mean those Operating Costs incurred anywhere in the Contract Area in the Exploration Period or a related activity, not directly connected with the drilling of an Exploration Well.

• If, during drilling of an Exploration Well and prior to reaching the targeted depth, drilling problems are encountered which, after all reasonable efforts (in accordance with good practices generally observed in the international petroleum industry) have been made to drill deeper, render further drilling of the said Exploration Well impossible, impractical or unsafe, Contractor may plug and abandon or complete the well and the work obligation for such well shall be deemed fulfilled.

More Definitions of Exploration Well

Exploration Well means any well whose purpose at the time of commencement of drilling such well is to explore for any accumulation of Hydrocarbons whose existence at that time was not confirmed by drilling.

Exploration Well means a well on any geological structure(s), whose purpose at the time of commencement of such well is to explore for an accumulation of Petroleum whose existence at the time was unproven by drilling;

Exploration Well means any well drilled with the objective of confirming a geologic trap in which Petroleum has not been previously discovered.

Exploration Well means a well drilled inside the established limits of an oil and gas reservoir, or in close proximity to the edge of the reservoir, to the depth of a stratigraphic horizon known to be productive.

Exploration Well means a Well drilled for the purpose of discovering Petroleum, including Appraisal Xxxxx to the extent permitted by Article 16.

Exploration Well means any Well whose sole objective is to verify the existence of Hydrocarbons or to study all the necessary elements that might lead to a Discovery.

Exploration Well means any Well drilled for the purpose of confirming a structure or a separate geological feature in which no Discovery has previously been made by the Contractor.