Energy Economics SIG – Puzzle Corner: The Crossword

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Across
  1. 1. The key decision to approve and proceed with development of an oil & gas project
  2. 3. Petroleum arrangement where a company is granted the right to explore, develop and produce hydrocarbons, typically paying royalties and taxes to the state
  3. 6. An ownership share in an oil & gas lease that carries a corresponding share of costs and production revenues
  4. 7. The end-of-life process of safely retiring an oil & gas field and its facilities
  5. 8. The party responsible for managing the day-to-day operation of an oil & gas project
  6. 9. Quantities of hydrocarbons considered commercially recoverable
  7. 10. Period when production is maintained at a relatively stable peak level
  8. 11. Arrangement where two or more parties share ownership, risk and reward in a project
Down
  1. 1. The milestone when a field begins producing oil
  2. 2. The state’s overall share of a petroleum project’s economic value
  3. 4. The reduction in a field’s production rate over time
  4. 5. Petroleum contract where the state retains ownership of the resources and production is shared with the contractor