Definition of Nonproducing reservoir

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TeachMeFinance.com - explain Nonproducing reservoir



Nonproducing reservoir

The term 'Nonproducing reservoir' as it applies to the area of energy can be defined as ' Reservoir in which oil and/or gas proved reserves have been identified, but which did not produce during the report year to the owned or contracted interest of the reporting company regardless of the availability and/or operation of production, gathering, or transportation facilities'.

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Mark McCracken

Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English".


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