1290 pilot assessment well means a well drilled for

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1.2.90 “Pilot Assessment Well” means a Well drilled for the purpose of determining the potential CBM accumulations in the Contract Area on geological entities in terms of thickness, lateral extent and Gas content of coal seams up to a depth or stratigraphic level specified in the Work Programme. 1.2.91 “Production Operations” means all operations conducted for the purpose of producing Petroleum from the Development Area after the commencement of production from the Development Area including the operation and maintenance of all necessary facilities therefore. 1.2.92 “Program Quantity” shall have the meaning specified in Article 10.12. 1.2.93 “Quarter” or “Calendar Quarter” means a period of three (3) consecutive Calendar Months commencing on the first day of January, April, July and October of each Calendar Year. 1.2.94 “Reservoir” means a naturally occurring accumulation of Petroleum including a geological unit limited by rock characteristics by structural or stratigraphic boundaries or coal or lignite of any rank which contains Petroleum (whether in association or independent of water or any other minerals) or a combination of these. 1.2.95 “Retention Period” shall have the meaning specified in Article 10.7. 1.2.96 “Revenue” means all amounts accruing to the Contractor on account of Petroleum Produced and Saved from the Contract Area including any proceeds received as a consequence of monetisation of Petroleum in the Reservoir as determined in accordance with Article 15.1. 1.2.97 “Revenue Share” shall mean Government’s Revenue Share or Contractor’s Revenue Share, as the case may be. 1.2.98 “Royalty” means the royalty payable by the Contractor to the Government under the applicable laws in force from time to time. 1.2.99 “Rules” means the Petroleum and Natural Gas Rules, 1959 and any amendments made thereto from time to time. 1.2.100 “Section” means a section of the Accounting Procedure.
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16 1.2.101 “Self-sufficiency” means, in relation to any Year, the total availability of Crude Oil and Condensate and/or Natural Gas from all Petroleum production activities in India meets the total national demand, as determined by Government. 1.2.102 “Shale Gas” means natural gas generated in-situ and retained in shale and associated fine grained rock matrix including carbonate stringers, adsorbed onto organic particles, or within fractures in shales of source rock origin and obtained there from through boreholes. 1.2.103 “Shale Oil” means crude oil / condensate generated in-situ and retained in shale and associated fine grained rock matrix including carbonate stringers and within fractures in shales of source rock origin and obtained there from through boreholes. 1.2.104 “Site Restoration” shall mean all activities required to return a site to its state as of the Effective Date pursuant to the Contractor’s environmental impact study and approved by the Government or to render a site compatible with its intended after-use (to the extent
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  • Winter '14
  • Bijay K Behra
  • Government, Petroleum Operations, Contract Area

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