Category: Oil and Gas business

Oil with high concentration of hydrogen sulfide

A factor calculated to determine the production efficiency of a well by comparing actual conditions with ideal conditions. A positive skin value indicates some impairment of well productivity. A negative skin value indicates enhanced productivity, typically resulting from stimulation

Spot price pools are neutral, independent exchanges set up to facilitate rapid fair-value transactions among groups of energy producers and consumers. They function similarly to spot markets, typically accepting price bids no more than a day in advance for delivery periods typically under an hour in length, and transacting energy at market clearing prices or highest bid prices. Spot price pools differ from spot markets in that they act as a cooperative service and may even be mandatory in some markets

The action of forcing a pipe or tubular into a well against wellbore pressure. Snubbing is the control of a tubing string while running it in or out of a well bore under pressure

A joint of drill pipe

The 692 km pipeline has been designed to transport gas from the Shah Deniz field in the Azerbaijan sector of the Caspian Sea, through Georgia and on to the Georgia-Turkey border. The pipeline will eventually be able to transport 16 bcm of gas per year

Oil flow that does not completely fill a pipeline

The price for a one–time open market transaction for immediate delivery of the gas

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