Oil and gas Activity Glossary: Definition of Major Terms Used

2C: Best estimate 2D: Two dimensional 2P: Proven and probable ACQ: Annual Contract Quarterly Appraisal Well: Well drilled after the discovery of oil or gas to establish the limits of the reservoir, the productivity of wells in it and the properties of the oil or gas. See also development well Barrel: (bbl: barrel; mmbbls: million barrels) a unit

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