Petroleum Acronyms

OIL & GAS GLOSSARY

General Industry Term

IFA

Definition

Independant Financial Advisor

IFA means Independant Financial Advisor.

An external expert provides unbiased financial advice for major transactions like mergers or project financing.

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AFA

Authorization for Alteration

WOGA

Western Oil and Gas Association

WFAC

IDR

Incentive Distribution Right

SI/TA

Shut-In Tubing Annulus