Production & Operations

LLR

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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