Glossary entry

Portuguese term or phrase:

at or below AFE (Authority for Expenditure)

English translation:

igual ou abaixo do valor negociado/previsto/estipulado/orçado/combinado

Added to glossary by Luiza Modesto
Jan 12, 2013 02:32
11 yrs ago
3 viewers *
Portuguese term

at or below AFE

Portuguese to English Tech/Engineering Petroleum Eng/Sci Drilling and Completion
Anyone knows what AFE stands for?

X. OBJETIVOS DO POÇO

(..)
• Preserve workover & sidetrack options
• Facilitate future technology and continuous process improvement
• Wells are delivered on schedule at or below AFE

Thanks!
Change log

Jan 16, 2013 13:31: Luiza Modesto changed "Edited KOG entry" from "<a href="/profile/110645">Nattalia Paterson's</a> old entry - " at or below AFE (Authorization for Expenditure)"" to ""igual ou abaixo do valor negociado/previsto/estipulado/orçado/combinado""

Proposed translations

+1
11 hrs
Selected

igual ou abaixo do valor negociado/previsto/estipulado/orçado/combinado

Authority for expenditure (AFE) - A standard industry procedure in which a formal written estimate is generated outlining in advance the cost of drilling a given well, both as a dry hole and as a completed well.
http://tinyurl.com/a77lv7x

Outra opção: igual ou abaixo das despesas de orçamento
http://www.xcd.com/aguas-profundas-servicos.html

Peer comment(s):

agree Marlene Curtis
3 hrs
Thanks. :)
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4 KudoZ points awarded for this answer.
7 hrs
Portuguese term (edited): AFE

Authorization for Expenditure

e.g.

Accurate cost estimates are critical for both low-level budgeting and scoping, and for the more detailed Authorization for Expenditure (AFE). Well Cost software generates a comprehensive cost estimate using either deterministic or probabilistic methods, whether you have detailed knowledge of your drilling program or a simple high-level list of tasks and costs.
http://www.halliburton.com/ps/Default.aspx?navid=922&pageid=...
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