1. Field development plans (FDPs) give you the best technical solutions for field optimization. FDPs comprise all activities and processes required to develop a field: environmental impact, geophysics, geology, reservoir and production engineering, infrastructure, well design and construction, completion design, surface facilities, and economics and risk assessment.
2. The Economic and Social Council (ECOSOC) of the United Nations assists the General Assembly in promoting international economic and social cooperation and development. ECOSOC has 54 members, all of whom are elected by the General Assembly for a three-year term. The president is elected for a one-year term and chosen amongst the small or middle powers represented on ECOSOC. ECOSOC meets once a year in July for a four-week session. Since 1998, it has held another meeting each April with finance ministers heading key committees of the World Bank and the International Monetary Fund (IMF). Viewed separate from the specialized bodies it coordinates, ECOSOC’s functions like those of other UN organs include information gathering, advising member nations, and making recommendations. In addition, ECOSOC is wellpositioned to provide policy coherence and coordinate the overlapping functions of the UN’s subsidiary bodies; it is in these roles that it is most active.
3. A megaproject is an extremely large-scale investment project. Megaprojects are typically defined as costing more than US$1 billion and attracting a lot of public attention because of substantial impacts on communities, environment, and budgets.
4. Supplemental agreements are legally binding documents that are used to modify contracts that are already in force. This type of document is sometimes used as a means of allowing the existing agreement to remain in place with the same ending date, while adding or removing some provisions or terms to the working relationship. A supplemental agreement is often ideal solutions when there is no desire to renegotiate an entirely new contract to take the place of the current agreement.
5. The cumulative production is the sum of all oil that has ever been produced until a specific date. Cumulative production can be given for a field, oil basin, country or the world.
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Text 7. Resource and Raw Materials Potential
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Resource and raw materials potential