Author: bomuo

G & G data means only geological, geophysical and geochemical data and other similar information that is not obtained through a well bore

Future production of an oil or gas asset and development costs, which include dismantlement and restoration expense, are computed by estimating the expenditures to be incurred in developing and producing the proved crude oil and natural gas reserves at the end of the year, based on year-end costs, and assuming continuation of existing economic conditions

Full-containment tanks typically feature a primary liquid containment open-top inner tank and a concrete outer tank. The outer tank provides primary vapor containment and secondary liquid containment. In the unlikely event of a leak, the outer tank contains the liquid and provides controlled release of the vapor.