BG Group is the operator of two gas-producing areas offshore the Nile Delta – the Rosetta concession and the West Delta Deep Marine (WDDM) concession comprising the producing Scarab, Saffron, Simian, Sienna and Sapphire fields, and the Serpent, Saurus, Sequoia, Solar, Sienna Up, Mina and Silva discoveries
A slab of reservoir rock bounded above and below by impermeable rock
In LNG supply contracts, the specific time-frame in which the seller commits to make available the first supplies of LNG under the terms of a long term agreement. The length of the window period is steadily reduced as the start-up of supplies nears, resulting in as many as four or five separate (and progressively shorter) window periods being notified by seller to buyer in the run-up to a new supply program
The World Petroleum Council’s (WPC) main purpose is to catalyze and facilitate dialogue amongst internal and external stakeholders aimed at seeking solutions to key technical, social, environmental and management challenges in global energy issues for the benefit of mankind. In doing so, the WPC will contribute towards sustainable growth. The World Petroleum Council was founded in London in 1933. It is an international, unbiased, non-political organization that provides a forum for global issues on energy and petroleum and related matters. The mandate of the WPC is to promote the management of the world’s petroleum resources for the benefit of mankind. It aims to encourage the application of scientific advancements, technology transfer and the consideration of economic, financial, management, environmental and social effects on petroleum issues
Reservoir rock that contains water but not hydrocarbons
In an oil and gas contract, zone refers to a stratum of earth containing or thought to contain an accumulation of petroleum separately producible from any other accumulation of petroleum
The measurement versus depth or time, or both, of one or more physical quantities in or around a well. The term comes from the word “log” used in the sense of a record or a note. Wireline logs are taken downhole, transmitted through a wireline to surface and recorded there. Related to any aspect of logging that employs an electrical cable to lower tools into the borehole and to transmit data
International freight index for tankers. A method of calculation of payment for the transport of oil by ships for a single or several consecutive voyages. Worldscale is a table giving the amount of USD per ton oil for a number of standard routes. The rates listed in the table, so called flat rates termed W100, are revised annually.
Natural gas containing liquid hydrocarbons – commonly condensate
