Reservoir & Subsurface

ltrap meaning in oil and gas

Definition

Long Term Resource Allocation Price

ltrap means Long Term Resource Allocation Price. Oil and gas prices reflecting current long term economic conditions, matching the duration of most projects, consistent with UK GAAP and SORP.

Oil and gas prices reflecting current long term economic conditions, matching the duration of most projects, consistent with UK GAAP and SORP.

✓ Verified term