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Definitions from the Web

Sunitization

Definition:

Sunitization refers to the process of pooling oil or gas reserves located within a particular geographical area to maximize extraction efficiency and minimize costs. It involves cooperation and shared use of infrastructure among multiple oil and gas operators operating in the same region.

Examples:

As a noun:

1. The government encouraged sunitization as a means of optimizing production and avoiding unnecessary duplication of facilities.
2. Sunitization has proven to be beneficial for small operators who lack the resources to develop their reserves independently.

As a verb:

1. The companies decided to sunitize their oil fields to reduce operating costs and enhance overall productivity.
2. The industry is embracing sunitization to ensure responsible utilization of resources and minimize environmental impact.

Related Products:

Explore related products on Amazon:

• Books on Sunitization in the Oil Industry
• Books on Sunitization Process
• Books on Sunitization Case Studies