The quantity (volume) of oil and gas required to maintain a full pipeline. The static capacity of a pipeline is usually expressed as a volume per unit length (for example, bbl/ft). Nevertheless, the fluid volume passing through a pipeline in a specific time period will depend on initial pressure, flow characteristics, ground elevation, density and delivery pressure.
Platforms cannot be moved like jackups. They are immobile and are typically made from steel or cement and are used to drill new development wells
Malaysia’s Petroliam Nasional Berhad (Petronas) was established in1974 and is the country’s state oil and gas company. It operates as an integrated concern across all areas of the oil and gas market, encompassing exploration and production, refining and fuels distribution. In the LNG sector, Petronas is a significant supplier to industrial economies and sells large volumes to Far Eastern markets, as well as to Europe and the US. In shipping and transportation, Petronas holds majority control (62%) of MISC Berhad, which is primarily an LNG tanker operator.
Subsea pipeline system comprising two coaxial pipes, used to transport hot fluids (oil & gas). The inner pipe transports the fluid whereas the outer pipe carries the insulating material necessary to reduce heat loss to the sea. The outer pipe also protects the pipeline from the water pressure
Filling the borehole of an abandoned well with mud and cement to prevent the flow of water or oil from one strata to another or to the surface. Plugging back means a single operation whereby a deeper zone is abandoned in order to attempt a completion in a shallower zone
Increase in inventories, mild weather, weakening US oil demand, strengthening of the US dollar, etc can all contribute to a sharp decline in crude oil prices
This involves the testing of valves and the removal of surface impediments to pipeline inspection
A type of stratigraphic trap. The termination by thinning or tapering out (“pinching out”) of a reservoir against a nonporous sealing rock creates a favorable geometry to trap hydrocarbons, particularly if the adjacent sealing rock is a source rock such as a shale. The disappearance of a porous, permeable formation between two layers of impervious rock over a horizontal distance
A platform rig is placed on a production platform and is similar to a modular land rig. The production platform’s crane is capable of lifting the modularized rig crane that subsequently sets the rig modules. The assembled rig has all the drilling, housing and support facilities necessary for drilling multiple production wells
