LLR meaning in oil and gas
Definition
Licensee Liability Rating
LLR means Licensee Liability Rating. Alberta (Canada) government program to manage upstream oil and gas industry liabilities that could end up being paid for by tax dollars. Ratio of assets (based on production) to…
Alberta (Canada) government program to manage upstream oil and gas industry liabilities that could end up being paid for by tax dollars. Ratio of assets (based on production) to liabilities (formal assessment required).
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