Log In
Login with using your social network account
Password :
 
Log In
Legal Dictionary
  • Abandonment Allowance (Oil ...
Abandonment Allowance (Oil and Gas)
Abandonment Allowance is an allowance for expenditure incurred in respect of abandoning an oil field. The term abandoned well as used in the oil and gas industry means a well that is not in use because it ceased to produce natural gas or because it was a dry hole.