It's understood that, under the working formula, the higher the estimate of reserves in a prospect, the greater the government's share in a production-sharing contract.
What does WF stand for?
WF stands for Working Formula (mathematics)
This definition appears somewhat frequently and is found in the following Acronym Finder categories:
- Science, medicine, engineering, etc.
See other definitions of WF
We have 22 other meanings of WF in our Acronym Attic
- Wing Forward (basketball)
- Wire, Field
- Wistar-Furth (rat breed)
- Withdrawal and Failure (grade)
- Won on Foul (boxing)
- Work Factor
- Work Flow
- Work Force
- Workfiles (assembly language ASM51 assembler control)
- Workflow Framework
Samples in periodicals archive:
Wheeler's fishing resolution for 2011: "Don't change a working formula.
I sadly offer you no working formula, but I can show you that the current one-once again-will not offer solution.
And who could blame them ;The modern hip-hop/rap scene is largely dominated by a simple working formula - videos featuring a multitude of scantily clad women, lyrics with thinly-veiled innuendo, an excess of profanity and of course the 'gangsta' image of a fast life immersed in violence.
Net revenue and profits are growing; this clearly demonstrates that our strategy of embracing change by adding network solutions and systems integration to our portfolio while never losing sight that our customers' needs are our priority, is a working formula," Juma added.
The four-member team is already setting up a working formula for brainstorming sessions and idea workshops - all conducted in a soft-light environment with state-of-the-art audio and visual technology.
After parading the trophy he was happy to declare the secret of his success to reporters and it has remained a working formula for him.
The team, which has its sights set on a UK top five position, will follow the firm's successful working formula of passing much London-won work back to Birmingham with its lower cost base.