Common use of Sidetracking or Deepening a Non-Consent Well Clause in Contracts

Sidetracking or Deepening a Non-Consent Well. If a Non-Participating Party participates in a Sidetracking or Deepening as provided in Article 10.2.5 (Participation in Sidetrack or Deepening by a Non-Participating Party in an Exploratory Well at Initial Objective Depth), Article 11.2.5 (Participation in Sidetrack or Deepening by a Non-Participating Party in an Appraisal Well at Initial Objective Depth), or Article 13.2.5 (Participation in Sidetrack or Deepening by a Non-Participating Party in a Development Well at Initial Objective Depth), and if the Participating Parties have recouped the Cost of the original well down to its Objective Depth at the time the Sidetrack or Deepening is approved by Election, then the Non-Participating Party shall not be an Underinvested Party in the Sidetracking or Deepening of that well, and the Participating Parties in the original well shall achieve Complete

Sidetracking or Deepening a Non-Consent Well. If a Non-Participating Party participates in a Sidetracking or Deepening as provided in Article 10.2.5 (Participation in Sidetrack or Deepening by a Non-Participating Party in an Exploratory Well at Initial Objective Depth), Article 11.2.5 (Participation in Sidetrack or Deepening by a Non-Participating Party in an Appraisal Well at Initial Objective Depth), or Article 13.2.5 (Participation in Sidetrack or Deepening by a Non-Participating Party in a Development Well at Initial Objective Depth), and if the Participating Parties have recouped the Cost of the original well down to its Objective Depth at the time the Sidetrack or Deepening is approved by Election, then the Non-Participating Party shall not be an Underinvested Party in the Sidetracking or Deepening of that well, and the Participating Parties in the original well shall achieve CompleteComplete Recoupment under Article 16.5.