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There would also be an extension of three years with an exploratory well.
At the time of the explosion the rig was drilling an exploratory well.
The cement at the bottom of the exploratory well was supposed to have provided a seal until a production facility could be built.
Information or documentation in respect of an exploratory well is held confidential for 2 years following the well termination date.
Workers had finished pumping the cement into the exploratory well to bolster and seal it against leaks until a later production phase.
When seismic surveys show that there is a good chance of finding oil, companies set about the delicate process of drilling an exploratory well.
Projects will be required to undergo an environmental assessment for only the first exploratory well "in an area set out in one or more exploration licences."
Companies holding exploration licences are planning extensive seismic programs, and Petro-Canada is planning to drill an exploratory well.
It is due in Cuban waters by the end of the year, contracted by Spain’s Repsol to drill an exploratory well.
Exploratory Well: A well in an area where petroleum has not been previously found or one targeted for formations above or below known reservoirs.
Following the A-4 recompletion we expect to spud the A-15, a deep shelf subsalt exploratory well, which targets oil sands in multiple horizons.
A Texas crew was scheduled to arrive at Alaska's North Slope on Thursday to control an exploratory well that apparently blew out.
The proposed North Uist exploratory well's worst-case gusher would release 10.5 million barrels, the BP documents forecast.
Informed of the potential gusher, Queen Elizabeth II gave permission to a Canadian company to drill an exploratory well.
Chevron said oil seeped from a crack in the bore of an exploratory well and worked its way through the rock to the seabed and then ocean surface.
Careful planning and coordination of each project resulted in successful capping of the blowout and subsequent use of the relief well as an exploratory well.
Northwest of here, in the open sea of Baffin Bay, Scotland-based Cairn Energy this summer is drilling an exploratory well.
The UK Onshore Operators Group has said that communities will be given a one-off payment of £100,000 whenever an exploratory well is drilled.
A debate has arisen over an exploratory well, Puviaq No. 1, drilled by ConocoPhillips last winter at the western edge of the bird molting area.
According to AEUB the exploratory well was drilled in 1968, but production was suspended in 1995 and the well was capped.
It began on 20 April 2010 after an explosion on the Deepwater Horizon, a drilling rig leased by BP to drill an exploratory well.
Casper-based Hudson Group, LLC, is proposing to drill an exploratory well about 10 miles northwest of Dubois near the forest's southern end.
During summer 2013 "Occupy Chevron" protesters occupied the field near Żurawlów where Chevron Corporation plans to drill an exploratory well for shale gas.
The Company also incurred exploration expense of $1.7 million related primarily to dry hole cost on an exploratory well that spud in 2008 and was deemed uneconomic during the second quarter 2009.
On Tuesday, Mr. Fox and Luis Ramírez Corzo, Pemex's director general, flew about 60 miles offshore to the exploratory well to announce the discovery.