TeachMeFinance.com - explain Multiple completionwell
Multiple completionwell The term 'Multiple completionwell' as it applies to the area of energy can be defined as ' A well equipped to produce oil and/or gas separately from more than one reservoir. Such wells contain multiple strings of tubing or other equipment that permit production from the various completions to be measured and accounted for separately. For statistical purposes, a multiple completion well is reported as one well and classified as either an oil well or a gas well. If one of the several completions in a given well is an oil completion, the well is classified as an oil well. If all of the completions in a given well are gas completions, the wellis classified as a gas well'.
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