Drilling & Wells

ILR meaning in oil and gas

Definition

Infrastructure Led Recovery

ILR means Infrastructure Led Recovery. a type of "real option" which is designed to increase the recovery of the original oil in place (i.e. waterflood, sidetrack, tieback, or any other enhanced oil recovery method)

a type of "real option" which is designed to increase the recovery of the original oil in place (i.e. waterflood, sidetrack, tieback, or any other enhanced oil recovery method)

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