05.07.2009

A well that is currently producing and selling petroleum to the market

Surplus of crude oil and/or gas due to either falling demand or additional sources. In September 2008 OPEC’s president Chakib Khelil said the group was worried about a glut in oil

The vertical height (thickness) of an oil accumulation above the oil-water contact

Mud which is obtained from an oil such as from diesel oil

Estimation of the stability of a pipeline on the sea floor