Common use of Formation Tests Clause in Contracts

Formation Tests. 23 4.9 ............... Notice of a Discovery 23 5.1 ............... Appraisal. 24 5.2 ............... Appraisal Plan. 24 5.3 ............... Hydrocarbons Extracted During Tests 25 5.4 ............... Appraisal Report. 25 6.1 ............... Commercial Discovery 25 6.2 ............... Development Plan. 26 6.3 ............... Capabilities of the Contractor. 26 6.4 ............... Observations to the Development Plan by CNH 26 6.5 ............... Development Plan Update 27 6.6 ............... Additional Exploration Activities. 27

Formation Tests. 23 22 4.9 ............... Notice of a Discovery 23 22 5.1 ............... Appraisal. 24 23 5.2 ............... Appraisal Plan. 24 23 5.3 ............... Hydrocarbons Extracted During Tests 25 23 5.4 ............... Appraisal Report. 25 24 6.1 ............... Commercial Discovery 25 24 6.2 ............... Development Plan. 26 24 6.3 ............... Capabilities of the Contractor. 26 25 6.4 ............... Observations to the Development Plan by CNH 26 25 6.5 ............... Development Plan Update 27 26 6.6 ............... Additional Exploration Activities. 2726 7.1 ............... Reduction and Return Rules. 26