05.07.2009

Some financial contracts are also concerned with the physical delivery of the natural gas, like NYMEX gas contracts, but the primary purpose is to manage price risk rather than deliver or receive gas

Date by which a project sponsor has met all the demands of the financial institutions that are providing financing for the project and the financing package has been approved

Date after all the due diligence and investigations have been carried out when a company makes the final decision to go ahead with a specific project, such as drilling the well

the process of filtering a fluid

The layer of concentrated solids from the drilling mud or cement slurry that forms on the walls of the borehole opposite permeable formations