The objective of Oil and Gas operations is to produce and sell oil and gas. After an oil and gas well is completed and it is determined that the well is a commercial producer, procedures are instituted to place the well on production. This entails finding a purchaser for the product; installing production facilities such as flow lines, treating equipment, oil storage tanks and gas metering equipment; and connecting the purchaser's gathering system to these facilities.
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Source: Professional Development Institute
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