Due diligence

{
  "id": "MLC-T-OAG-001216",
  "term": "Due diligence",
  "field": "Oil and gas",
  "definition": "The process of conducting a thorough investigation and review of a potential investment or acquisition to assess its risks, liabilities, and potential returns. In the oil and gas industry, this involves examining geological data, production history, environmental records, legal titles, and financial statements. It is a standard practice before finalizing transactions such as property acquisitions or mergers.",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/due-diligence/"
}