05.07.2009

Petroleum development projects are committed when firm commitments have been made for the expenditures and activities needed to bring a discovered accumulation to the production stage. Undeveloped projects are committed only when it can be clearly demonstrated that there is intent to develop them and bring them to production. These commitments should be unconditional except for timing that may be dependent on previously committed projects

Gina Cohen
Natural Gas Expert
Phone:
972-54-4203480
[contact-form-7 id="25054" title="Contact form 1"]