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exploratory well

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exploratory well [ik′splȯr·ə‚tȯr·ē ′wel]
(petroleum engineering)
An oil well drilled for purposes of exploration for underlying petroleum.


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Based on the deal, Petrovietnam is in charged with the drilling of three exploratory wells and it will receive remuneration for its investment in the form of an allocated production share over a 25-year period.
The direct participation, working interest ownership method of investing in new oil & gas drilling prospects is how the industry, or people in the business acquire fractional oil & gas ownership in both developmental, and exploratory wells in the US.
A South Dakota state circuit court judge has blocked a uranium exploration permit that would have allowed a Canadian mining firm to drill exploratory wells in a region of the Black Hills held sacred by Native Americans.
 
 
 
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