3 A B C D E F G H I J K L M N O P Q R S T U V W Y


Abandonment means stopping, often before completion. In the oil and gas sector, abandonment is the name of an end of life process for an uneconomical reserve. This includes elimination of the extraction capability that removes the oil or gas from the field, attention to environmental and clean-up requirements, and disposal of the residual property and/or resource.