Category: Oil and Gas business

Estimation as to the potential to recover resources under economic conditions.

A method by which a floating offshore drilling rig, or an LNG vessel, is maintained in position over an offshore well location automatically in severe weather conditions including waves of up to 16 meters and wind speed of up to 41 meters per second. Generally, several motors called thrusters are located on the hull(s) of the structure and are actuated by a sensing system. A computer to which the system feeds signals then directs the thrusters to maintain the rig on location.

The oil drilling segment covers firms that provide drilling rigs and personnel, plus related equipment and services. Customers include oil and gas producers

Those natural gas resources for which there are economic incentives for production; that is, the cost of extracting those resources is low enough to allow natural gas companies to generate an adequate financial return given current market conditions. However, it is important to note that economically unrecoverable resources may, at some time in the future, become recoverable, as soon as the technology to produce them becomes less expensive, or the characteristics of the natural gas market are such that companies can ensure a fair return on their investment by extracting this gas. Those resources that have been discovered, and for which a specific reservoir location is known, can further be broken down into those resources that are economically recoverable, and those that are economically unrecoverable. This differs from technically unrecoverable resources, in that the technology exists (or is foreseeable in the near future) to get economically unrecoverable resources from the ground, but the economics do not exist to make the production of this natural gas profitable

Complete a well that produces from two separate structures or more at different depths

E.ON was formed in June 2000 by the merger of VEBA and VIAG, two of Germany’s largest industrial groups. It is today one of the world’s leading power and gas company, with annual sales in 2007 of just under EUR69 billion and close to 88,000 employees and is already the world’s largest investor-owned energy service provider.