Technical evaluation agreement (TEA)

{
  "id": "MLC-T-OAG-003777",
  "term": "Technical evaluation agreement (TEA)",
  "field": "Oil and gas",
  "definition": "A preliminary agreement between two or more companies that outlines the terms for sharing and evaluating technical data related to a potential oil and gas prospect. This agreement allows parties to assess the commercial viability of a project before committing to a more formal joint venture or acquisition. It typically includes provisions for confidentiality and the scope of data exchange.",
  "abbreviation": "TEA",
  "subject": "Oil and Gas Business",
  "url": "https://mlchart.com/terminology/oil-and-gas/technical-evaluation-agreement-tea/"
}