Common use of Exploratory Well Clause in Contracts

Exploratory Well. A well drilled for the purpose of discovering a new Reservoir or to determine the stratigraphy of an area, as well as the ▇▇▇▇▇ drilled in the structural culminations which are geologically separated from the part of the structure previously studied.

Appears in 2 contracts

Sources: License Agreement, License Contract for Hydrocarbon Exploration and Exploitation

Exploratory Well. A well drilled for the purpose of discovering a new Reservoir or to determine the stratigraphy of an area, as well as the ▇▇▇▇▇ drilled in the structural culminations which are geologically separated from the part of the structure same previously studiedstudied structured.

Appears in 1 contract

Sources: License Contract (Navidec Inc)