Definition: Mineral exploration

Category: ESA 1995

The value of expenditures on exploration for petroleum and natural gas and for nonpetroleum deposits. These expenditures include prelicence costs, licence and acquisition costs, appraisal costs and the costs of actual test drilling and boring, as well as the costs of aerial and other surveys, transportation costs, etc., incurred to make it possible to carry out the tests.
Eurostat, "European System of Accounts - ESA 1995", Office for Official Publications of the European Communities, Luxembourg, 1996