Author: bomuo

An interest in a well that becomes effective at a specified time in the future, or on the occurrence of a specified event in the future

Backhaul voyages occur when cargo is moved on the return leg of a journey. As charter rates incorporate the return ballast leg of a journey, backhaul opportunities represent an opportunity for supplementary income for tanker owners. For example, a vessel could load in West Africa and head East on its return from a laden voyage from the Arabian Gulf to Europe or the US

Geological feature caused mostly from tensional forces. Back-arc basins were not predicted by plate tectonics theory, but they are consistent with the dominant model for how the earth loses heat. >

Use the same drilling vessel to carry out another drilling and thus save on mob/demob costs

The pressure resulting from restriction of full natural flow of oil or gas. Pressure against which a fluid is flowing. May be composed of friction in pipes, restrictions in pipes, valves, pressure in vessels to which fluid is flowing, hydrostatic head, or other resistance to fluid flow.

Fluid flow in the borehole from one zone into another in response to pressure differences between the zones. Any time the wellbore pressure rises above the average pressure in any zone, backflow will occur. The term is often mistakenly called cross flow

Subsidiary of ENI – Italian Gasoline & Diesel Retailer