Marginal Field (Oil and Gas) Law and Legal Definition
Marginal Field refers to an oil field that may not produce enough net income to make it worth developing at a given time. However; should technical or economic conditions change, such a field may become commercial field. It is usually associated with small pockets of hydrocarbons that have a plateau of a few years. Marginal fields have several parameters that affect them. This includes environmental concerns, political stability, access, remoteness and, of course, the price and price stability of the produced gas/liquids.
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