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A play is simply a way of saying "risk" in a particular field.
You are playing with money to find a resource, once you drill and find oil its then upgraded to a find.
Think of it as investment risk
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∙ 14y ago
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What is Kazakhstan's major resource?
Its major natural resource is oil, as well as gas, gold, copper. It is also rich in wheat production.
Is wind and oil a renewable resource?
Wind is a renewable resource. Oil is not a renewable resource.
Is oil a finite or infinite resource?
Oil is a finite resource.
What is Oman's resource?
Oil is the principal resource.
What Natural Resource does OPEC control the production price and distribution?
The acronym OPEC stands for the Organization of Petroleum Exporting Countries, hence, the specific natural resource with which OPEC is concerned is petroleum (also known as oil).
Is oil a non renewable resource a renewable resource or a inexhaustible resource?
Oil, the fossil fuel, is a non-renewable resource on human time scales. Vegetable oil is a renewable resource. An inexhaustible resource would be sunlight and a renewable resource would be wind energy and solar energy.
Oil is Alaska's most valuable natural resource The area includes?
Production in the North Slope and delivery by pipeline to the Port of Valdez for export to refineries.
What is the most important resource in maghreb?
oil is the most important resource in the region
What is resource oil?
Oil is a non-renewable resource, one of the fossil fuels (coal, oil and natural gas).
Is oil a resource in Canada?
Yes, oil is a resource in Canada. There are many other resources also.
What is an important resource produced in New Mexico?
Major Industries in New Mexico include oil & gas production and mining (potash, copper, silver, uranium).
Is corn a renewable resource or a nonrenewable resource?
Oil is a nonrenewable resource so will corn oil be a nonrenewable yes cause it is just a different type of oil And Follow me on instagram @ syd_boo
