05.07.2009
Russian Oil Company which was controlled by Russian billionaire Mikhail Khodorkovsky who was later imprisoned and sent to Siberia. In August 2006 Yukos was declared bankrupt
Point in a stretch test for any material beyond which the material being tested does not return to its original shape. Yield point for a pipeline is the stress level above which the pipe will yield/bend/stretch. Pipelines may bend or stretch or otherwise yield when they reach a certain stress level. The yield strength is that stress point. >
The quantity of water, coal, gold or other resource that can be produced from a deposit.
Part of the Med Tel Aviv license, 20 km northwest of the Tel Aviv coast. Total cost of drilling the well was $38 million. The well which was spudded in 1994 tested for 800 BOPD from middle Jurassic limestones
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.
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