![]() Generally expressed as a percent probability. ![]() Abject Failure (Risk): a failure mode that can cause the cancellation-of or immediate-halt-to a project or event. Abiogenic Theory: a theory of petroleum generation in which petroleum is thought to have formed from hydrocarbons trapped inside the earth's crust when the earth was forming. Abandonment Cost: Costs associated with the abandonment of facilities or services, including costs for the removal of facilities and restoration of the land. Abandon may have a legal meaning in some locations. Abandon: typically means to cease efforts, either temporarily or permanently, to produce a well. Abalation Debris (perforating): small pieces of rock broken up by the perforating process. AASP: allowable annular surface pressure. Inside annuli (IA) and outside annuli (OA) are more universally descriptive.) AAIOR: annualized average incremental oil rate. ![]() (Note, there may be regional differences in the A, B, C annulus designations and some are reversed. A Annulus: the inside annulus tubing-by-production casing annulus.
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