General Industry TermVerified
FTE meaning in oil and gas
FTE means Full-Time Equivalent. An FTE is equal to the resources of one individual's time for a day, week, year, etc. For example, 2 people working twenty hours a week each would be the equivalent of 1 FTE (1 person for…
Definition
Full-Time Equivalent
An FTE is equal to the resources of one individual's time for a day, week, year, etc. For example, 2 people working twenty hours a week each would be the equivalent of 1 FTE (1 person for 40 hours).