05.07.2009
A typical oil or gas field development project includes the development of a subsurface reservoir model, a drainage philosophy, a field development plan, technology selection, subsurface well locations, and well design and engineering.
For instance if a pipeline has the maximum capacity to transmit 16 billion cubic meters of gas per annum, it would be transmitting this full amount when said to be “operating at full capacity”. The economic worthiness of constructing a pipeline could be calculated based on an assumption that it would generate a 10% real IRR over a 20-year project life under the assumption that it would operate at full capacity throughout the year.
When the price of oil increases drastically, rich energy importing countries seek alternatives to oil. Paying more for oil means increases in the price of almost everything that drives the rich economies. Some of these include of course the age old coal, nuclear, renewable energy, energy conservation
A long slender tube that holds fissionable material (fuel) for nuclear reactor use. Fuel rods are assembled into bundles called fuel elements or assemblies, which are loaded individually into the reactor core.