A typical oil or gas field development project includes the development of a subsurface reservoir model, a drainage philosophy, a field development plan, technology selection, subsurface well locations, and well design and engineering.
Gas dissolved in water or crude oil.
There exists a variety of different transactions that involve the advance of funds to the owner of an interest in an oil and gas property in exchange for the right to receive the cash proceeds of productions or the production itself, arising from the future operation of the property. In such transactions, the owner almost always has a future performance obligation, the outcome of which is uncertain to some degree. Determination as to whether the transaction represents a sale or financing rests on the particular circumstances of each case.
Gas cap gas is a free natural gas which overlies and is in contact with crude oil in the reservoir. It is a subset of associated gas
Full-containment tanks typically feature a primary liquid containment open-top inner tank and a concrete outer tank. The outer tank provides primary vapor containment and secondary liquid containment. In the unlikely event of a leak, the outer tank contains the liquid and provides controlled release of the vapor.
The amount of gas estimated to be in the reservoir prior to commencement of production
Disposing of waste gas by burning.
Gas associated with oil extraction is burnt off into the atmosphere. Flaring of produced gas – the process of burning-off surplus combustible vapors from a well, either as a means of disposal or as a safety measure to relieve well pressure – is the most significant source of air emissions from offshore oil and gas installations.
For many years when natural gas prices were too low, companies that drilled for oil and used to discover gas, would vent the gas into the atmosphere. The standard joke at the time used to be: I have good news and bad news. The bad news is that I didn’t find any oil, and the good news is that at least I didn’t discover any gas either.
Today, Nigeria still flares more gas than any other country, which contributes to global warming. Nigeria flares 24 bcm of gas per annum
Instrument to measure the calorific value and/or the composition of the gas
