COF
Definition
Cost of Finding/Chance of Failure
COF means Cost of Finding/Chance of Failure.
In exploration, it refers to either the cost per barrel found or the probability of a dry hole.
✓ Verified term
Cost of Finding/Chance of Failure
COF means Cost of Finding/Chance of Failure.
In exploration, it refers to either the cost per barrel found or the probability of a dry hole.
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