QUEST OFFSHORE INTER-RELATIONAL DATABASE
STATUS DEFINITIONS
STATUS DEFINITIONS:
PENDING
100% Project Probability- Projects that are Bidding, In Progress, Under Construction or Awaiting Install for which equipment has been or is being ordered/delivered.
PROBABLE
50-75% Project Probability - Prospects for which feasibility studies, FEED, or Detailed Engineering are in progress. Denotes commercial discoveries, confirmed appraisals.
POSSIBLE
25-50% Project Probability – Prime exploratory targets and or discoveries, planned appraisals which indicate possible development in the future.
ABANDONED
Field abandoned or closed-in; well to be P&A or already P&A; field no longer producing.
CANCEL
Project on hold; deferred indefinitely; development scheme modified to exclude specific development option.
