In oil and gas industry, what does greenfield and brownfield project means?

6 Answers

  • 1 decade ago
    Favorite Answer

    A greenfield project is one where you start with a completely undeveloped area (eg: a green field).

    Brownfield is usually one that has had some development (eg: land cleared).

  • 4 years ago

    Brownfield Vs Greenfield

  • ?
    Lv 4
    4 years ago

    Greenfield Vs Brownfield

  • 5 years ago

    An oil or gas accumulation that has matured to a production plateau or even progressed to a stage of declining production. Operating companies seek to extend the economic producing life of the field using cost-effective, low-risk technologies. Stimulation or refracturing operations, completing additional zones, and installing artificial lift equipment are a few technologies commonly applied in brownfields before any drilling options are attempted.

    Source(s): Schlumberger OilField Glossary
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  • Audrey
    Lv 4
    5 years ago

    In the worst case scenario, that $45 billion is a $45 billion credit against an even bigger tax bill. So don't pretend the government is writing these companies checks just because it's letting them keep more of their own money.

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