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Meaning of cost oil | Babel Free

Noun CEFR B2

Definitions

Part of an oilfield operator's entitlement to revenue as compensation for incurred production costs as stated in a production sharing agreement.

CEFR level

B2

Upper Intermediate
This word is part of the CEFR B2 vocabulary — upper intermediate level.

See also

cost overrun cost plus cost price cost saving cost-benefit analysis cost-book