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WI or Working Interest
The right and interest, expressed as a %, of the WI owner to participate in operations to explore for, develop and produce oil and gas reserves; and obligates such owner to meet its share of the costs and expenses of such exploration, development and production operations.

Workover
The process of performing major maintenance or remedial treatment on an existing oil or gas well, which may include the removal and replacement of the production tubing string after production from the well has been stopped and a workover rig has been placed on location.




   

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