| 单词 | farm-in partner |
| 释义 | > as lemmasfarm-in partner An arrangement whereby an investor acquires a share in the rights to explore for oil or gas on a given tract of land, typically in exchange for providing or funding drilling or mining services. Frequently as a modifier, as in farm-in agreement, farm-in partner, etc. Cf. farmout n. 1b. ΚΠ 1959 E. H. Robie Econ. Mineral Industries ix. 439 Farmins create the inverse accounting situation from farmouts. Under these trades, the recipient of the offer receives an assignment of acreage for the drilling of one or more wells. 1965 Canberra Times 4 June 16/10 The company has a ‘farm-in’ agreement with the Australian Oil and Gas Corporation Ltd to explore for oil and gas. 1997 J. E. Fossum Oil, State, & Federalism iii. 93 The Mobil farm-in led to the 1979 discovery of gas at Venture D-23. 2013 Dow Jones Institutional News (Electronic ed.) Exploration..has identified some very interesting nickel and gold prospects... If these prospects mature, the Company may seek a farm-in partner to further the geological investigation. < as lemmas |
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