Month: October 2017

A long-term schedule commonly used in the liquefied natural gas (LNG) industry for optimising inventory and delivery planning.

Under the Israeli petroleum law, a petroleum discovery is defined as:

The land and all geologic formations underlying it beneath which is a known accumulation of petroleum capable of being produced in commercial quantities. “

Commercial quantities, under the Petroleum Law is defined as “quantities of petroleum sufficient to permit production thereof on a commercial basis.”