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Keywords: farm-in partyClose
Journal: Journal of Petroleum Technology
Publisher: Society of Petroleum Engineers (SPE)
J Pet Technol 42 (09): 1102–1104.
Paper Number: SPE-19358-PA
Published: 01 September 1990
... disposal of an interest in a license area by the farm-out party to a party prepared to carry costs on a defined work program on its behalf, the farm-in party. This definition covers what are commonly called development farm-outs" and "netprofit-interest" transactions, and the theory discussed is equally...
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