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Oilfield Glossary
exploration
1.
n.
[Geology]
ID: 195
The initial phase in
petroleum
operations that includes
generation
of a
prospect
or
play
or both, and drilling of an exploration well.
Appraisal
,
development
and
production
phases follow successful exploration.
Alternate Form:
exploratory
See:
anomaly
,
geophysics
,
licensing round
,
petroleum system
,
scout
,
scout ticket
,
subsalt
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