The acreage awarded in a production licence. Only exploration drilling and production may take place in an area covered by a production licence.
A physical or legal person, or several such persons, who, under the terms of the Petroleum Act or earlier jurisdiction, has a licence to search for, recover, transport or utilise petroleum. If a licence is awarded to several such persons together the expression licensee can cover both the licensees combined and the individual participant.
See Awards
Mainly methane (CH4) transformed into liquid form by cooling.
Mainly propane (C3H8) and butane (C4H10) transformed into liquid by raising the pressure or cooling.