MLchartDataset catalogue

Appraisal

Term · Oil and gas · MLC-T-OAG-000169

The process of evaluating the size, characteristics, and commercial viability of a discovered oil or gas accumulation. This involves drilling additional wells, conducting seismic surveys, and performing well tests to gather more data. Appraisal aims to reduce uncertainty before making a final investment decision on field development.

Table 1. Record
IdentifierMLC-T-OAG-000169
FieldOil and gas
SubjectGeology
Record as JSON 
{
  "id": "MLC-T-OAG-000169",
  "term": "Appraisal",
  "field": "Oil and gas",
  "definition": "The process of evaluating the size, characteristics, and commercial viability of a discovered oil or gas accumulation. This involves drilling additional wells, conducting seismic surveys, and performing well tests to gather more data. Appraisal aims to reduce uncertainty before making a final investment decision on field development.",
  "subject": "Geology",
  "url": "https://mlchart.com/terminology/oil-and-gas/appraisal/"
}

Record 189 of 4,499 in Oil and gas terminology (MLC-0103). Request the full dataset.