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Definition of Cost oil
1. Noun. Part of an oilfield operator's entitlement to revenue as compensation for incurred production costs as stated in a production sharing agreement ¹
¹ Source: wiktionary.com
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1. Noun. Part of an oilfield operator's entitlement to revenue as compensation for incurred production costs as stated in a production sharing agreement ¹
¹ Source: wiktionary.com