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Amortize; amortization; (2) amortization coefficient; (3) amortized cost

The depreciation, depletion, or charge-off to expense of intangible and tangible assets over a period of time. In the extractive industries, the term is most frequently applied to mean either (1) the periodic charge-off to expense of the costs associated with non producing mineral properties incurred prior to the time when they are developed and …

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Anchor consumer; Anchor customer; Anchor user

The concept of the “anchor user” is taken from the gas pipeline industry. Such as a gas consumer that consumes sufficient quantities of gas to represent a required entry threshold to justify the high infrastructure investment required by a new gas supplier to enter the market place. In Israel, IEC has been the only anchor …

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Annex 1 parties and non-Annex 1 parties; Annex I countries and Annex II countries

Countries that signed up to the Kyoto protocol have been divided into Annex 1 and non Annex 1 parties. Annex 1 parties include the industrialized countries that were members of the OECD in 1992, plus countries with economies in transition (the EIT Parties), including the Russian Federation, the Baltic States, and several Central and Eastern …

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Appraisal (oil and gas exploration)

The aim of the appraisal phase is to provide an accurate estimate of hydrocarbon reserves in order to make the right decision about whether and how to develop the discovery and to understand and narrow the range of uncertainty in reserves estimates. The key tools include: geological and geophysical interpretation, well test data evaluation, reservoir …

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Area of Mutual Interest; Area of mutual interest agreement

AMI refers to the coming together of parties over a defined territory though it does not necessarily mean that any of the members has already possessed a legal right on part or all of the territory. The agreement can entail the stages of the partnership and can be for the purpose of reconnaissance and feasibility …

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