دیکشنری تخصصی مهندسی نفت - نسخه آنلاین

n: an option right reserved by the granting company of a farmout to convert an overriding royalty to a working interest once the conditions for such back-in have been met. Compare election at casing point.

n: a decision taken to exercise or not to exercise an option to participate in the completion attempt on a well, including the costs of running completion production casing and all related completion costs, The decision is made when the operator is ready to run casing and complete the well and so ratifies the party owning the election.