Category: Oil and Gas business

In theory, jetting consists of fluidizing the seabed soil so that the heavier pipeline sinks in.

The jetting plough is placed over the pipeline and high pressure water jets from nozzles blast the surrounding soil away from the pipeline.

Jetting disperses the local soil away from the pipeline and creates a wide trench. In most cases, the soil is not returned immediately and the pipeline gets covered in time depending on the bottom sediment load.

Jetting is done in sands and soft clays, but in hard clays ploughing may be required.

The intersection of the plane of low water with the shore. The line along a coast, or beach, to which the sea recedes at low water.

It is normal practice for the low water line to be shown as an identifiable feature on nautical charts unless the scale is too small to distinguish it from the high water line or where there is no tide so that the high and low water lines are the same

The total value of the company’s activities comprising capital and debt and the estimated O&G reserves it owns.

This ratio corresponds to the reserves replacement ratio.

A measure of an oil company’s profitability excluding exploration expenses.

Earnings before interest, taxes, depreciation, depletion, amortization and exploration expenses (EBITDAX) is an indicator of a company’s financial performance calculated as: = Revenue – Expenses (excluding tax, interest, depreciation, depletion, amortization and exploration expenses)