Afe stands for oil and gas
4 Dec 2012 An AFE is a budgeting and approval form used during the planning process The AFE form represents: (1) a budget for the project against which actual Custom Software: Tracking Pipeline Damage for Oil and Gas - July 9, The process of managing Authorization For Expenditure (AFE) is core to in joint ventures which are so typical in the upstream sector of the oil and gas industry. acronyms related to our Oil & Gas industry is, therefore, to facilitate the AFE – Authorization for Expenditure. BB -Bid Bond HST - High Stand System Track. In the world of accounting, the acronym AFE has two possibilities and can mean either Authorization For Expenditures, a budgeting term, or Average Funds
Petropedia explains Afe Number The oil and gas industry is encountering a consistent issue while facing the AFE. It defines the mechanism defined particularly in a joint venture environment to ensure budget control in the industry.
In the world of finance, an AFE is an authorization for expenditure. To put it simply, it is allows a person or group of people to make a purchase or series of purchases. Usage. AFE is an acronym used not only in the world of finance but is commonplace in corporations and government agencies. Thousand Barrels of Oil Equivalent: Mboe/d: Thousand Barrels of Oil Equivalent per Day: Mbbl: Thousand Barrels: Mbbl/d: Thousand Barrels per Day: MMbbl: Million barrels: Mcf: Thousand Cubic Feet (of gas) MMcf: Million Cubic Feet: MMcf/d: Million Cubic Feet per Day: MMboe: Million Barrels of Oil Equivalent: MMBtu: Million British Thermal Units: MVA: Megavolt-Amperes: MW: Megawatts: BACK TO TOP An AFE can then be used as drilling occurs to show actual costs versus estimated costs. Annulus: The spacing between the casing and the wall of the borehole, two strings of casing or the tubing and the casing . API Number: A unique identifying number for all oil and gas wells drilled in the U.S. The oil and gas industry uses many common abbreviations and acronyms. We have provided this list for reference as a convenience to our readers and it is not meant to be all inclusive or compatible with all domestic or international areas as these abbreviations and acronyms may vary based on location. Offshore Oil and Gas Industry ‐ Abbreviations and Acronyms AOFP Absolute Open Flow Potential AOPL Association Of Oil Pipe Lines APCD Air Pollution Control District APD Application For Permit To Drill TGOR - Total Gas Oil Ratio (GOR uncorrected for gas lift gas present in the production fluid) TH - Tubing Hanger; THERM - Thermometer Log; THF - Tubing Head Flange; THP - Tubing Hanger Pressure (pressure in the production tubing as measured at the tubing hanger) THP - Tubing Head Pressure; THRT - Tubing Hanger Running Tool; THS - Tubing Head Spool
In the world of accounting, the acronym AFE has two possibilities and can mean either Authorization For Expenditures, a budgeting term, or Average Funds
An AFE can then be used as drilling occurs to show actual costs versus estimated costs. Annulus: The spacing between the casing and the wall of the borehole, two strings of casing or the tubing and the casing . API Number: A unique identifying number for all oil and gas wells drilled in the U.S. The oil and gas industry uses many common abbreviations and acronyms. We have provided this list for reference as a convenience to our readers and it is not meant to be all inclusive or compatible with all domestic or international areas as these abbreviations and acronyms may vary based on location.
(2) SABRE OIL AND GAS LIMITED, a company incorporated in Scotland with its 1.2 AFE means an authorization for expenditure pursuant to Article 6.6. Operator may require such Party to pay the estimated stand by time in advance as a
The oil and gas industry is encountering a consistent issue while facing the AFE. It defines the mechanism defined particularly in a joint venture environment to 4 Dec 2012 An AFE is a budgeting and approval form used during the planning process The AFE form represents: (1) a budget for the project against which actual Custom Software: Tracking Pipeline Damage for Oil and Gas - July 9, The process of managing Authorization For Expenditure (AFE) is core to in joint ventures which are so typical in the upstream sector of the oil and gas industry. acronyms related to our Oil & Gas industry is, therefore, to facilitate the AFE – Authorization for Expenditure. BB -Bid Bond HST - High Stand System Track. In the world of accounting, the acronym AFE has two possibilities and can mean either Authorization For Expenditures, a budgeting term, or Average Funds AFE Navigator® (AFE Nav) is an all-in-one Approval For Expenditure software Oil and Gas Software Directory For E&P Professionals · Introduction and Oil & Gas Services and Products Sales Through Digital Marketing · How To Stand Out Of The Crowd? AFE Navigator Petroleum Engineering Software Application.
In the world of finance, an AFE is an authorization for expenditure. To put it simply, it is allows a person or group of people to make a purchase or series of purchases. Usage. AFE is an acronym used not only in the world of finance but is commonplace in corporations and government agencies.
Authority for expenditures (AFE) Preparing cost estimates for a well and getting management approval in the form of an AFE is the final step in well planning. The AFE is often accompanied by a projected payout schedule or revenue forecast. We found 1 meaning of AFE acronym or abbreviation related to Oil Field: Any category. occupation. offshore oil undustry. oil field. oil industry. oilfield. organism. Authorization for Expenditure (AFE) – A document shown to investors in a well that will estimate drilling and completion costs. An AFE can then be used as drilling occurs to show actual costs versus estimated costs. Barrel (BBL) – The basic unit for measuring oil. A barrel is equal to 42 U.S. gallons.
1 Aug 2012 FID must not be confused with FEED which is another acronym commonly used also in the Oil & Gas and Petrochemical industry and stands for English | Español. 1. n. [Oil and Gas Business] A budgetary document, usually prepared by the operator, to list estimated expenses of drilling a well to a specified depth, casing point or geological objective, and then either completing or abandoning the well. There is no doubt people working in Oil & Gas Industry are very much aware about the term AFE however for others it could be new. The term AFE stands for Authorisation for Expenditure.This particular term is used in order to drilling and completion costs. Petropedia explains Afe Number The oil and gas industry is encountering a consistent issue while facing the AFE. It defines the mechanism defined particularly in a joint venture environment to ensure budget control in the industry. Oil AFE acronym meaning defined here. What does AFE stand for in OIL? Top AFE acronym definition related to defence: Authorisation for Expenditure Authority for expenditures (AFE) Preparing cost estimates for a well and getting management approval in the form of an AFE is the final step in well planning. The AFE is often accompanied by a projected payout schedule or revenue forecast.