05.07.2009

Facility for reducing the pressure and metering the gas transported by INGL and which is required to measure, test and verify the quantity and/or composition of the natural gas. PRMS stations are used for analyzing, filtering, measuring, heating and regulating the gas flow in the pipeline to the consumer’s facilities. Each PRMS station consists of a gas chromatograph, filters / separators, meters, heaters, regulating and safety valves, hot water system with auxiliary boilers, measuring and monitoring instruments, electrical power and a dedicated SCADA system.

According to the Natural Gas Authority and INGL in Israel the PRMS facility is used to link up the consumer to the transmission system, to measure the quantity of gas that is transmitted in the transmission system to the consumer’s meter and to adjust the pressure. The facility is located at the junction point between the transmission system and the distribution network or the consumers’ gas facility and will be established by the license holder (INGL) in the consumer’s yard or in proximity thereto and will be operated and maintained by the license holder (INGL)

There are three elements essential for fluid extraction within a resource bearing reservoir. Porosity, Permeability, and Pressure are the necessary factors for removal of these resources, and must be present together in order for a well to be commercially viable. Porosity: The percentage of pore volume or void space; Permeability: The measurement of the ability to transmit fluids; Pressure: The pressure of fluids within the pores of a reservoir. Porosity is a rock’s ability to store fluids within it. Effective porosity is the volume containable through the interconnected pores, and is usually less than total porosity. Thus, porosity alone is not enough to ensure that fluids can move through a rock structure. These pores must be interconnected in order to have any chance of a predicable reservoir. Permeability, is a rock’s ability to move fluids. Permeability is directly related to a formation. Pressure is the amount of force a fluid exerts within the pores of a reservoir. Pressure within a reservoir changes over time, therefore it is necessary to define a reference, which in this case would be the Initial Pressure. To understand how these three necessities work together, we need only to look to the common sponge. A sponge, to be useful, must have good Porosity and Permeability. This is what gives a sponge the natural ability to store fluids. But how do we get the fluid out of the pores. In the instance of a sponge, this is easy, as any kind of pressure applied will cause the sponge to give up the fluids. Nature, aside from the sponge, is rarely so obliging when it comes to the recovery of natural resources. The oil and gas industry has come up with many ways to increase porosity and elevate reservoir pressure. The most common way to increase porosity is to fracture (frac) the targeted zone. This entails setting off a focused charge within the pipe, at a predetermined depth, in order to reach the zone targeted for production. This charge puts holes in the pipe, as well as breaks up the rock in the immediate area of the blast. These holes are used as an access point for a fracturing fluid to be injected into the zone. Different zones require different types of fluids and mixtures to be effective, most common are the acid salt mixtures. Injected with these mixtures is generally a large amount of water, at high pressures. This mixture and pressure combined is a highly effective means of increasing porosity. Increased porosity is only half the story. Without the necessary reservoir pressures, porosity becomes moot. One remedy for lower pressures are injection wells, that replace fluids as they are taken, or even moves fluids towards the producing well. The best solution for managing pressure within a well is to maintain the initial pressures as long as possible. For example, a can of spray paint can last for an extended period of time by stirring the paint and maintaining a proper spraying angle. The manufacturer sets the choke at the top of the can to moderate the rate of flow. Cut the top of the can off however, and what you have left is no pressure and a lot of paint that cannot be easily obtained for its intended use. A well has similar properties. An operator can open the bore completely, and produce at extremely high numbers for a short period of time. But to get the highest rate of return possible, managing Porosity, Permeability, and Pressure is key

A reservoir that is located underneath the salt (i.e. it was deposited before (pre) or (earlier) than the salt). These reserves of oil and gas are situated in deep layers bellow the sea which require the development of new technology and processes to explore and develop. Discoveries in the pre-salt layers of the Brazil Santos Basin have been made in 2008 in water depths of 1,500-3,000 meters and sediments of 3,000-4,000 meters deep in pre-salt structures, including a salt layer that obscures traditional seismic imaging. Development of pre-salt reserves is expensive and complicated

Used to encourage electricity conservation. The meter works in a similar way to the cellular talk-man where credit is purchased in advance and there is no need for a monthly payment. The consumer types a code into his home meter which enables him to consume the amount of pre-paid electricity. IEC expects that 10% of consumers will use such a pre-paid meter, similar to the world average. Pre-payment is also a solution against consumers who don’t pay their electricity bill

Wholly owned subsidiary of BG Group, Premier Power is a utility company that owns and operates Ballylumford Power Station a 600 MW CCGT. Premier Power provides over 50% of Northern Ireland’s total generating capacity and 17% of the island of Ireland’s capacity. The CCGT was constructed on a brown field site adjacent to the original station, making full use of the existing infrastructure, including natural gas supply and on site electricity distribution facilities. The CCGT system results in efficiency levels up to 75% greater than a conventional thermal power station. By producing significantly more electricity from the same amount of gas, a significant reduction in emissions of the gases that are natural by-products of the generation process can be seen – NOx (reduced by 45%), SOx (reduced by 65%), CO2 (reduced by 20%). > >

In order to protect their interests in a joint venture in an oil and gas exploration project, parties may seek to include rights of first option, regarding rights of disposal of parts of the asset.

An agreement between a shareholder and a bidder to the effect that if the bidder makes a takeover offer for a company on agreed terms, then the shareholder will accept the bid. In October 2008 BG made a pre-bid agreement to acquire Queensland Gas Company after failing its hostile approach to Origin in order to break into Australia’s potentially lucrative coal-bed methane market and provide BG with feedstock for its LNG trade

Pressure measured with respect to atmospheric pressure. (2) Measurement of pressure as measured on a pressure gauge with the addition of atmospheric pressure, which is 14.7 psi at sea level

The method of producing a gas reservoir that is not associated with a water drive. Gas is removed and reservoir pressure declines until all the recoverable gas has been expelled.