exploration cost

Exploration Cost

The cost an oil or gas company incurs while searching for oil or gas to drill. Exploration costs include the cost of researching appropriate places to drill and the cost of actually drilling. There is no guarantee that there will be a return on the investment of exploration costs because there is no guarantee that the company will find oil or natural gas. Exploration costs can also be quite expensive. See also: Exploration oil & gas limited partnership, Upstream.

exploration cost

The cost of searching for and drilling exploratory gas and oil wells.
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Oil and Gas Exploration Companies - Mari Petroleum Company Limited - Wellhead gas price incentive along with PKR depreciation and lower exploration cost lifts 4QFY19 EPS to PKR 61.98, up by +64%YoY
Exploration cost remained on the lower side at Rs2.05 billion amid no dry wells reported in the fourth quarter compared to a dry well (Tolanj East) and the irrecoverable cost associated with Joyamair Deep-1 in 4QFY18, it added.
The offshore drilling is being carried out at estimated exploration cost of 75 million dollars.
The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which was being carried out at estimated exploration cost of $ 75 million.
The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which is being carried out at estimated exploration cost of 75 million dollars.
The offshore drilling is a joint venture of ENI, Exxon Mobil, Oil and Gas Development Company Limited and Pakistan Petroleum Limited, which is being carried out at an estimated exploration cost of $75 million."The Exxon Mobil has given the target depth of 5,500 feet while the minister said that 4,400 feet work has been completed however, the drilling work is in progress, he added.
In addition, cheaper oil & gas exploration cost in Iran make it a profitable venture for US based international crude oil companies.
Also, it wrote off ` 552 crore in exploration cost for failed wells in KG Basin.
- Acquisition & exploration cost ~ $4/oz gold resource
The introduction of exploration incentives in Norway - namely the mature licensing rounds and the 78 per cent exploration cost refund for companies - have been a big success in increasing exploration, and more importantly, in delivering value to the Government and the companies involved.
Merlon International will drill six wells in Fayoum region for an exploration cost of at least USD24 million and a signature bonus of USD3 million.
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