GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW) | ||||||
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14:44 Jul 28, 2014 |
English to Romanian translations [PRO] Tech/Engineering - Petroleum Eng/Sci | |||||||
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| Selected response from: Simona Pop Romania Local time: 03:58 | ||||||
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Summary of answers provided | ||||
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3 +1 | compania care forează |
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compania care forează Explanation: http://www.2b1stconsulting.com/farm-in-agreement/ Two companies, the Farmor and the Farmee will sign a Farming-out-Agreement in the specific context where the Farmor who owns the acreage appears to be unable to develop its oil and gas field either in the given time left by the expiring license, either due to budgetary constraints, either because of its lack of resources and know-how. In this context, the acreage owner may risk to lose his license and all the benefits of previous capital expenditures. The interest of this owner is then to look for another company to take the lead of the drilling operations. The acreage owner becomes the Farmor and the drilling company the Farmee. To reward the Farmee, the Farmor will accept a reduced acreage position in sharing interests but he will reduce or eliminate risk and improve financial performances as a percentage of capital expenditure. Guvernul a tăiat pensiile și salariile, dar a modificat legea pentru a scuti de taxe compania care forează în Marea Neagră în zona ... Compania care foreazã, în numele Chevron, în perimetrul de la ... |
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