Oil Production (Noun)
Meaning
The act of drilling a hole in the earth in the hope of producing petroleum.
Classification
Nouns denoting acts or actions.
Examples
- The oil company was granted permission to begin oil production in the newly discovered oil field.
- Rising oil prices led to increased investment in oil production around the world.
- Improvements in technology have increased the efficiency of oil production in recent years.
- The decision to initiate oil production was based on the results of seismic surveys and exploratory drilling.
- Environmental concerns and high costs have hindered oil production in the Arctic Circle.