05.07.2009
An offshore port which is deep enough to accommodate large vessels such as VLCCs and tankers, connected to the shore by submerged pipelines. Deepwater port is one of the requirements for LNG tankers
Number of days that have elapsed since the drilling of a well first started
Policy according to which countries attempt to decrease their dependence on importing fuels from non friendly even hostile countries. This is partially achieved by attempting to increase indigenous reserves, enforcing energy conservation policies, striving to increase diversity of energy suppliers and supplies and other means.
Underground injection is the process by which disposal of waste byproducts of the oil and gas industry are injected or pumped into deep underground reservoirs through a wellbore.
The volume of recoverable, salable gas reserves committed to, controlled by, or possessed by the reporting pipeline company and used for acts and services for which both the seller and the company have received certificate authorization from the Federal Energy Regulatory Commission (FERC). Reserves include both company-owned reserves (including owned gas in underground storage), reserves under contract from independent producers, and short-term and emergency supplies from the intrastate market. Gas volumes under contract from other interstate pipelines are not included as reserves, but may constitute part or all of a company’s gas supply
A method of dating, used also for the dating of rocks
Cost of a barrel from production to the gate of the refinery: production ($2-4); transmission to port ($1-2); storage at home port ($1); transportation at sea, insurance, etc. ($2-4); port expenses ($1-2) storage at destination ($1-1.5); transmission to the refinery ($0.5) = total costs of $8.5-15
A statistical technique which recognizes that in any exploration province after an initial period in which the largest fields are found, success rates and average field sizes decline as more exploration wells are drilled and knowledge of the area matures