Defined by economists as the owner-manager of a firm. Usually supplies capital, organizes production, decides on strategic direction and bears risk
Entrained gas – Formation gas that enters the drilling fluid in the annulus.
Entrained liquid – Liquid in any form carried along or
suspended in a stream of natural gas
In an oil and gas JOA, entitlement refers to that quantity of petroleum (excluding all quantities used or lost in joint operations) of which a party has the right and obligation to take delivery pursuant to the terms of the agreement, as such rights and obligations may be adjusted by the terms of any lifting, balancing and other disposal agreements entered into
System that enables IEC to provide a suitable computerized response to the changing business environment. An ERP system makes it possible to manage the computerized setup in any organization with the aid of a single database, a single application and a single user interface.
Applying enhanced oil recovery techniques to mature oil fields, such as through waterflooding, to recover additional reserves or prolong production after primary recovery methods have run their course. By increasing production efficiency, EOR methods can prolong the economic life of older fields by as much as 30 years. Three major categories of EOR have been found to be commercially successful to varying degrees: (1) Thermal recovery, which involves the introduction of heat such as the injection of steam to lower the viscosity, or thin, the heavy viscous oil, and improve its ability to flow through the reservoir; (2) Gas injection, which uses gases such as natural gas, nitrogen, or carbon dioxide that expand in a reservoir to push additional oil to a production wellbore, or other gases that dissolve in the oil to lower its viscosity and improves its flow rate; (3) Chemical injection, which can involve the use of long-chained molecules called polymers to increase the effectiveness of waterfloods, or the use of detergent-like surfactants to help lower the surface tension that often prevents oil droplets from moving through a reservoir. Chemical techniques account for less than one percent of US EOR production. Each of these techniques has been hampered by its relatively high cost and, in some cases, by the unpredictability of its effectiveness.
The EGS concept is to extract heat by creating a subsurface fracture system in rocks into which water can be added through injection wells. Creating an enhanced requires improving the natural permeability of rock. Rocks are permeable due to minute fractures and pore spaces between mineral grains. Injected water is heated by contact with the rock and returns to the surface through production wells, as in naturally occurring hydrothermal systems. EGS are reservoirs created to improve the economics of resources without adequate water and/or permeability. EGS offer great potential for dramatically expanding the use of geothermal energy.
