Category: Oil and Gas business

The boundaries which demark the area granted to the permit holder

Petroleum & Energy Infrastructures is the company provides state-of-the-art fuel oil infrastructure services to the country’s entire energy market. PEI’s activities span the full spectrum of infrastructure services, from export and import, to supply, storage and piping of fuel to all parts of Israel, as well as handling crude oil and refined products

Gently undulating, almost featureless plain that, in principle, would be produced by fluvial erosion that would, in the course of geologic time, reduce the land almost to baselevel (sea level), leaving so little gradient that essentially no more erosion could occur

Participating Interest means as to any Party, the undivided interest of such Party (expressed as a percentage of the total interests of all Parties) in the rights and obligations derived from the Parties’ interest in the Contract

A generic term applied to oil and oil products in all forms, such as crude oil, unfinished oils, petroleum products, natural gas, plant liquids, and non-hydrocarbon compounds blended into finished petroleum products. Complex mixture of naturally occurring hydrocarbon compounds found in rock. Petroleum can range from solid to gas, but the term is generally used to refer to liquid crude oil. Impurities such as sulfur, oxygen and nitrogen are common in petroleum. There is considerable variation in color, gravity, odor, sulfur content and viscosity in petroleum from different areas. The term petroleum is derived from the words petra meaning rock and oleum meaning oil

The intersection of a wellbore with a reservoir

The description of petroleum fluids in basin modeling is primarily determined by two factors. Firstly, processes of generation and expulsion quantify the overall composition of the fluids. Secondly, PVT-behavior is responsible for the distribution of components to phases during secondary migration