Common use of Exploratory Well Clause in Contracts

Exploratory Well. A well drilled to discover hydrocarbons reserves or to determine the stratigraphy of a exploration area.

Appears in 1 contract

Sources: License Agreement for Hydrocarbon Exploration and Development (BPZ Resources, Inc.)

Exploratory Well. A well drilled to discover hydrocarbons reserves or to determine the stratigraphy of a an exploration area.

Appears in 1 contract

Sources: License Agreement for Hydrocarbon Exploration and Development (BPZ Resources, Inc.)