Definitions for "Exploitation" Add To Word List
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the development of a reservoir to extract its oil.
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Additional drilling or application of new technology to further extend production and reserves of an existing field.
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Focused, integrated effort to extend the economic life, production and reserves of an existing field.
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The optimization of oil and gas production or establishing additional reserves from producing properties through development drilling or the application of various technological methods.
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A drilling or other project which may target proven or unproven reserves (such as probable or possible reserves), but which generally has a lower risk than that associated with exploration projects.
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Various methods of optimizing oil and gas production or establishing additional reserves from producing properties through additional drilling or the application of new technology.
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The continuing development of a known producing formation in a previously discovered field. To maximize the ultimate recovery of oil or natural gas from the field by development wells, secondary recovery equipment or other suitable processes and technology.
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