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
Its major natural resource is oil, as well as gas, gold, copper. It is also rich in wheat production.
Petroleum (oil) is a nonrenewable resource that is extracted from the Earth and used for energy production, transportation, and manufacturing. Once it is extracted and consumed, it cannot be replaced on a human timescale.
The major mineral resource of Venezuela is bauxite. Other minerals include coal, gold, iron, oil, and petroleum. It is the fifth largest gold producer in South America.
Wind is a renewable resource. Oil is not a renewable resource.
Oil is a finite resource.
OPEC (Organization of the Petroleum Exporting Countries) controls the production, price, and distribution of oil, which is a significant natural resource. OPEC member countries collectively produce a large portion of the world's crude oil and play a key role in influencing global oil market dynamics.
Crude oil is a valuable resource that can be refined into various products such as gasoline, diesel, and jet fuel, which are essential for transportation and energy production. It also serves as a feedstock for the production of items like plastics, lubricants, and fertilizers.
Oil is the principal 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.
Yes, oil is a natural resource that is formed from organic matter over millions of years. It is extracted from the ground and used for various purposes such as fuel, lubrication, and the production of plastics.
oil is the most important resource in the region
Oil is a non-renewable resource, one of the fossil fuels (coal, oil and natural gas).