Article 29 For the purpose of these Regulations, the following terms shall have the meanings assigned to them below:
(1) the term “petroleum” shall mean underground crude oil and natural gas that is being or has been extracted;
(2) the term “on-shore petroleum resources” shall mean underground petroleum resources anywhere within the on-shore area (including sea beaches, islands and marine areas extending from the on-shore area up to a water depth of 5 meters);
(3) the term “exploitation” shall mean the exploration for and the development, production and sale of petroleum, as well as activities in connection therewith;
(4) the term “petroleum operations” shall mean exploration, development and production operations carried out in order to implement a contract, as well as activities in connection therewith;
(5) the term “exploration operations” shall mean all work carried out to find oil-bearing traps by various means such as geological, geophysical and geochemical means, including the drilling of exploration wells, as well as all work carried out to determine whether a discovered petroleum trap has commercial value, such as the drilling of appraisal wells, feasibility studies and preparation of overall development programs for the oil(gas) field;
(6) the term “development operations” shall mean all designing, manufacturing, installation and drilling projects, and the corresp
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