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appraisal drilling

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appraisal drilling
n
(Mining & Quarrying) (in the oil industry) drilling carried out once oil or gas has been discovered in order to assess the extent of the field, the reserves, the possible rate of production, and the properties of the oil or gas


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CNE, Stock Forum) climbed more than 30% to 15 cents Monday, after the oil and gas firm provided an update on its exploration and appraisal drilling program to date on the Ombu E&P contract in the Caguan Putumayo Basin in Colombia.
Mr O'Sullivan said: ``We are confident that appraisal drilling programmes in Turkmenistan and especially the Congo will result in continued strong production growth and increased profits in the second half of the year.
We are confident that appraisal drilling programmes in Turkmenistan and especially the Congo will result in continued strong production growth and increased profits in the second half.
 
 
 
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