Author: bomuo

Natural gas is considered wet when other hydrocarbons besides pure methane are present

Reworking means an operation conducted in the well bore of a well after it is completed to secure, restore, or improve production in a zone which is currently open to production in the well bore. Such operations include well stimulation operations, but exclude any routine repair or maintenance work, or drilling, sidetracking, deepening, completing, recompleting, or plugging back of a well

The reserve flow project of Katza is a unique system that allows the bi-directional flow of crude oil from the Med to the Red Sea. The assumption is that the increase in consumption of crude oil produced in Russia or Eastern Asia can represent a reliable source of energy supply to the growing demand for energy in the Far East.

A fault with vertical movement and an inclined fault plane. The block above the fault has moved upwards relative to the block below the fault

In the oil and gas sector, revenues from the sales of crude oil and natural gas are recorded when the product is delivered at a fixed or determinable price, title has transferred and collectibility is reasonably assured.

These are very similar to the production sharing contracts, with the exception of contractor payment. With these contracts, the contractor usually receives a defined share of revenue rather than a share of the production. As in the production-sharing contract, the contractor provides the capital and technical expertise required for exploration and development. If exploration is successful, the contractor can recover those costs from the sale revenues

The process of turning LNG – which is liquefied natural gas – back into its gaseous phase