Contract area description

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IOGP Report 373-03

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IOGP Report 373-03

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Geomatics guidance note 03: Contract area description. This revision assists a new generation of exploration managers, lawyers and geomatics professionals in IOGP member companies and in licensing authorities who negotiate for licence acreage. Contract areas and licence boundaries have sometimes been inadequately described, both by licensing authorities and by E&P operators. Licence boundary descriptions have sometimes been ambiguous; overlaps of and unlicensed slivers between adjacent licences may then occur. This has caused problems between operators and between licence authorities and operators at both the acquisition and the development phases of projects. This guidance note was first issued in 1995 to raise awareness of the issue. Subsequent revisions in 1997, 2002 and 2006 involved minor changes to terminology. This 2014 revision improves the clarity of previous versions.a

Theme

Geomatics

Topic

Geodesy (guidance notes)

Report Number

373-03

Document type

Report

Publication Date

2014

SKU: 373-03 Category: Tag: