Rerunning is a general term covering the redistillation of any material and usually indicating that a large part of the material is distilled overhead. A rerun tower may be associated with a crude distillation unit that produces wide boiling range naphtha as an overhead product. By separating the wide-cut fraction into light and heavy naphtha, the rerun tower acts in effect as an extension of the crude distillation tower.
In certain areas regulations require that gasoline be reformulated in order to reduce vehicle emissions of toxic and ozone forming compounds
If the drilling company has lost control of a well and it has blown out (uncontrolled release of pressure subsurface fluids) a relief well can be drilled from a nearby location to intersect the pressured reservoir horizon close to the original borehole and to allow the pumping of high density mud to kill the original blow-out.
Relief well is to counter the problem of the flow of oil or gas from a ruptured well which needs to be filled from the bottom. The relief well is drilled at an angle to intersect the damaged well just above the oil reservoir and is supposed to intercept the failed well where it ends, such as in the case of the BP well in the Gulf of Mexico at about 18,000 feet underground. Once the wells intersect, BP will inject massive amounts of heavy mud — much heavier than the oil — from the new well into the leaking well. The same pressure that is currently pushing out the oil will also force the mud up the well hole. Once there’s enough mud in the failed hole, the leak should stop.
Spain’s largest oil company. The firm also owns YPF, Argentina’s #1 oil company, and has operations in more than 30 countries
Quantity of oil and gas that can still be produced from the geological aspect
Finished gasoline formulated for use in motor vehicles, the composition and properties of which meet the requirements of the reformulated gasoline regulations
Recompletion means an operation whereby a completion in one zone is abandoned in order to attempt a completion in a different zone within the existing well bore. It is thus the process of producing from another interval within the same wellbore. For example, after depleting a zone at 9,000 feet, the operator may “recomplete” the well at 8,000 feet
Remaining amount of gas to be sold as per the contract after offset of quantities sold to date. For instance in Yam Tethys’ contract with IEC they are contracted to always maintain 130% of the remaining TCQ due to IEC
The price at which LPG gas companies buy the cooking gas for at the refinery gate. Refers to the maximum price of LPG as supplied to gas companies
