05.07.2009
A well drilled in an area where no current oil or gas production exists
The third stage of hydrocarbon production during which more sophisticated techniques are used. Tertiary oil recovery can begin after a secondary recovery process or at any time during the productive life of an oil reservoir. Its purpose is to restore formation pressure and to improve oil displacement or fluid flow in the reservoir
Rocks from the Tertiary era that were formed between 65 and 1.8 million years ago
65 to 1.8 million years ago. Therefore rocks from the tertiary era were formed between 65 million to 1.8 million years ago. The tertiary period is divided into five epochs: Paleocene, Eocene, Oligocene, Miocene, and Pliocene. Thus for instance the Miocene belongs to the middle tertiary era. See also geological timescale
A preliminary permit shall terminate upon the holder’s notifying the Commissioner that he has completed his investigations, such notification to be given within one month after completion of the investigations; upon the Commissioner’s cancelling the permit for non-compliance with a condition imposed upon the holder. > >
A customer or a potential customer of the LSO (of the LNG system operator)
Fee to be paid by LNG shippers for the use of a regasification terminal. Fees in 2002 were around $0.40 mmbtu and in 2008 are around $0.70 mmbtu in Europe. Main reason for the increase in the tariff is the higher cost of building the terminals due to higher steel prices, higher storage costs and the generally higher price tag on terminals