TeachMeFinance.com - explain Completion (oil-gas production)
Completion (oil-gas production) The term 'Completion (oil-gas production)' as it applies to the area of energy can be defined as ' The term refers to the installation of permanent equipment for the production of oil or gas. If a well is equipped to produce only oil or gas from one zone or reservoir, the definition of a 'well' (classified as an oil well or gas well) and the definition of a 'completion' are identical. However, if a well is equipped to produce oil and/or gas separately from more than one reservoir, a 'well' is not synonymous with a 'completion.' (See Well.)'.
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