Well Assessment definition
Examples of Well Assessment in a sentence
If, at the end of the Exploration Phase, the Consortium Members start drilling the last exploratory well of the Exploration Plan without having completed the Well Assessment, the Exploration Phase shall be extended until the Well Completion date, with an addition of sixty (60) days to submit any proposed Discovery Assessment Plan.
If, at the end of the Exploration Phase, the Consortium Members have started drilling the last exploratory well of the Exploration Plan without having completed the Well Assessment, the Exploration Phase shall be extended until the Well Completion date, with an addition of sixty (60) days to submit any proposals for a Discovery Assessment Plan.
For the cases in which the Well Assessment and/or completion is started within sixty (60) days after the end of the activities directly related to drilling of the well or its temporary abandonment, the moment in which disassembly, decommissioning, or operation of the unit used for the Well Assessment and/or completion is started shall be taken into account.
If, at the end of the Exploration Phase, the drilling of an exploratory well is in progress without the Well Assessment having been completed, the Exploration Phase will be extended until the date of Completion of the Well, with an addition of 60 (sixty) days for presentation of an eventual proposal for an Assessment Plan for Oil or Natural Gas Discoveries.
Well Conclusion: beginning of demobilization of the drilling rig, after Drilling Conclusion and Well Assessment.
If, at the end of the Exploration Phase, an exploratory well is being drilled without the Well Assessment having been completed, the Exploration Phase will be extended until the Well Completion date with an addition of 60 (sixty) days for submission any proposal for an Assessment Plan for Oil or Natural Gas Discoveries.
Well Completion: beginning of demobilization of the drilling rig, after Drilling Completion and Well Assessment.