05.07.2009

Russia’s largest company, produces 86% of the nation’s natural gas, controls 17% of the world’s reserves, and is also the world’s largest natural gas producer. Used to be the world’s third largest company after ExxonMobil and GE. Towards the end of 2008, Gazprom fell to 35 place after investors abandoned the Russian energy market and after energy prices dropped.

Increasing the pressure at the bottom of the well over and above the pressure activated by the drilling fluid

Facility to re-gasify gas that has been liquefied. Part of the LNG process that includes production of the natural gas, liquefaction of the gas, shipment of the liquid gas from the source country to the consumer country followed by its re-gasification and transmission in the national transmission system to the end consumer

Measuring the level of oil in a tank

An artificial lift method in which gas is injected into the production tubing to reduce the hydrostatic pressure of the fluid column. The resulting reduction in bottomhole pressure allows the reservoir liquids to enter the wellbore at a higher flow rate. The injection gas is typically conveyed down the tubing-casing annulus and enters the production train through a series of gas-lift valves. The gas-lift valve position, operating pressures and gas injection rate are determined by specific well conditions

G & G refers to all issues relating to geological and geophysical issues, such as G & G activity, G & G expenses, G & G data, etc.