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L
Water depth
Distance between the water surface and the seabed.
Bidding of exploratory blocks
Administrative procedure where ANP establishes minimum requirements for companies proposing to conduct petroleum and natural gas exploration and production activities via concession contracts.
Lines
Installations for fluid movement or control of subsea equipment, including flowlines, transfer pipelines, production lines, injection lines, service lines, umbilicals, and electrical cables.
LI | Installation License
Authorizes the installation and assembly of necessary equipment.
Lifting Cost
Average operational cost to extract each barrel of oil, excluding government royalties and special participation fees.
Natural Gas Liquid (NGL)
Part of natural gas in the liquid phase under certain surface conditions, obtained in field separation processes or gas processing units.
LO | Licença de Operação
Final license authorizing the execution of a specific activity.
LP | Preliminary License
Licensing stage authorizing the conception and location of a project.