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