Authority for expenditure

{
  "id": "MLC-T-OAG-000215",
  "term": "Authority for expenditure",
  "field": "Oil and gas",
  "definition": "A detailed estimate of the costs associated with a proposed oil and gas operation, such as drilling a well, recompleting an existing well, or conducting a workover. This document is circulated among working interest owners for their approval before the operation commences. It specifies the projected expenses for drilling, completion, and equipping the well, and serves as a budget for the project.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/authority-for-expenditure/"
}