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@wikipedia
A part of Petroleum Industry related to exploration and production of hydrocarbons (also called Exploration & Production or E & P)
It is essentially based on the knowledge area of Petroleum Geology and other Subsurface Production Disciplines.
The primary subject of E & P is exploring or acquisition of Petroleum Asset and maintaining the profitable production from it.
The results of the Exploration lead to the procedure of Booking Reserves
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See also
Petroleum Industry (Oil & Gas Industry)