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Authorization for Expenditure (AFE) (US) In the oil & gas industry, an estimate of the costs incurred in conducting an operation, such as drilling, completing Operations Geology Fundamental knowledge to meet the modern demands in well planning, well execution, and well finalization. AFE stands for Authority for Expenditure or Authorization for Expenditure. An AFE is prepared by a party to the JOA for the purpose of estimating costs to be
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