When equipment is lost in a hole it can be recuperated by fishing or if this fails by sidetracking around the lost equipment. Sidetracking involves plugging the lower portion of a well and drilling around the obstruction. If a well is successful, the entire costs of the drilling, including sidetracking is capitalized.
A wellbore segment extending from a wellbore intersection along a wellbore path to a different wellbore bottomhole from any previously existing wellbore bottomholes
SRVs are purpose built LNG vessels designed to regasify the LNG onboard and deliver natural gas to a subsea pipeline. The SRV is a modified-standard LNG vessel with on-board LNG vaporizers that can be developed with either spherical cargo containment tanks or membrane tanks, with the spherical containment system recommended for harsh environments in order to eliminate the problem of high-sloshing loads during discharge in open sea conditions. Regasified LNG is discharged via a turret and swivel through a mooring and unloading buoy connected to a riser and subsea pipeline. Two separate buoys will ensure continuous send-out through overlap between arriving and departing SRVs. The SRV can be a conversion or a new-build and will also be capable of traditional delivery of LNG.
The major difference between the SRV and FSRU concept is that the FSRU is able to receive cargoes from conventional LNG carriers via a ship-to-ship LNG transfer system, and store the received LNG aboard before regasification and discharge.
A payment stipulated in the oil and gas lease, providing those entitled to a royalty payment to receive a certain payment agreed upon within the shut-in provisions contained in the oil and gas lease, and occurs when a gas well is shut-in due to lack of a suitable market or a lack of facilities to produce the product.
Shut-in reserves are expected to be recovered from (1) completion intervals which are open at the time of the estimate, but which have not started producing, (2) wells which were shut-in for market conditions or pipeline connections or (3) wells not capable of production for mechanical reasons
Pressure at the well-head of an exploration or production well when shut in, i.e. not flowing
The pressure at the bottom of a well when the surface valves on the well are completely closed. It is caused by formation fluids at the bottom of the well.
A well is shut down when initial drilling ceases for one reason or another
