Reasonable after cessation of petroleum operations in

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reasonable) after cessation of Petroleum Operations in relation thereto and shall include, where appropriate, proper abandonment of Wells or other facilities, removal of equipment, structures and debris, establishment of compatible contours and drainage, replacement of top soil, re-vegetation, slope stabilisation, in-filling of excavations or any other appropriate actions in the circumstancesand will include Government notifications/guidelines, if any. 1.2.105 “Statement” or “Statements” refers to the statements required to be furnished in accordance with AppendixC of this Contract. 1.2.106 “State Government” means any government of a state of the Union of India, which has control over the Contract Area for the purpose of grant of Licenses / Leases. In case the Contract Area covers more than one state, the State Government shall include all such governments of those states. 1.2.107 “Subcontractor” means any company or person contracted by the Contractor or Operator to provide goods or services with respect to Petroleum Operations. 1.2.108 “Technical Assessment Report” or “TAR” shall mean the report specified in Article 10.8. 1.2.109 “Test Well” means an Exploration Well drilled for the purpose of carrying out different well tests to assess the CBM production potential of the coal or lignite seams. The well tests in such a well shall include but not be limited to injection or fall off tests, stress test, dewatering test for production testing or any other test as required for estimation of CBM and water production rates. 1.2.110 “Tight Reservoir” means Petroleum produced from a relatively impermeable reservoir rock. 1.2.111 “Ultra Deepwater Blocks” means an area in which more than 30% of the area has a water
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17 depth of more than fifteen hundred (1500) metre, provided, however, that for the purposes of this contract, the contract area as on Effective Date, as described in the Appendix A and Appendix B shall be deemed to be Ultra Deepwater Block falling beyond fifteen hundred (1500) metre isobath. 1.2.112 “US $” or “USD” or “US Dollar” or “United States Dollar” means the currency of the United States of America. 1.2.113 “Well” means a borehole, made by drilling in the course of Petroleum Operations, but does not include a seismic shot hole. 1.2.114 “Work Programme” means a work programme formulated,in accordance with Article 5,for the purpose of carrying out Petroleum Operations. 1.2.115 “Year” means a Financial Year. ARTICLE 2 PARTICIPATING INTERESTS 2.1 The initial Participating Interest of the Members comprising the Contractor shall be as follows: X Company ____________ : (%) Y Company ____________ : (%) Z Company ____________ : (%) ARTICLE 3 LICENSE AND EXPLORATION PERIOD 3.1 The Contractor shall have the right to explore for Petroleum within the Contract Area. The Contractor shall be granted the License to explore the Contract Area in accordance with the provisions of this Contract.
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  • Winter '14
  • Bijay K Behra
  • Government, Petroleum Operations, Contract Area

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