Author: bomuo

Sedimentary or tectonic structure where oil and/or natural gas has accumulated. These are structural highs where a porous rock unit is capped by an impermeable rock unit. Oil and gas trapped within the porous rock unit migrate to a high point in the structure because of their low density. A trap is any feature or characteristic of a formation which will allow the accumulation, but not the escape, of oil or gas. Traps can be structural – namely the trap has been produced by deformation of the beds after they were deposited either by faulting or folding or they can be stratigraphic traps – formed by changes in the nature of the rocks or their layering. Structural traps are usually easy to see on seismic; multiple targets are possible in a single prospect and they are usually lower risk. Stratigraphic traps are more difficult to see on seismic and entail higher risks.

Compressor stations are used to help transship gas over a long territory, such as gas from Russia passing over Ukraine on its way to European markets

The efficient and effective movement of natural gas from producing regions to consumption regions requires an extensive and elaborate transportation system. In many instances, natural gas produced from a particular well will have to travel a great distance to reach its point of use. The transportation system for natural gas consists of a complex network of pipelines, designed to quickly and efficiently transport natural gas from its origin, to areas of high natural gas demand.

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A contract between a gas producer and a pipeline company which requires the pipeline company to pay for a set amount of gas whether or not the buyer takes delivery of the full amount