In December 2008 Shell set a world water depth record in drilling and completing a subsea well 9,356 ft below the water’s surface. The SA001 well was drilled to 16,300 ft TD in Silvertip field at the Perdido regional development project, 200 miles from Houston. Silvertip field is on Alaminos Canyon Block 815 in OCS …
Control and monitoring is a real asset for oil and gas pipelines, which typically consist of aboveground and/or underground piping, block valve and scraper trap stations, pumping (for oil) and compressor stations (for gas), storage, and oil and gas distribution facilities to the end users.
Natural gas pipeline companies have customers on both ends of the pipeline – the producers and processors that input gas into the pipeline, and the consumers and local distribution companies that take gas out of the pipeline. In order to manage the natural gas that enters the pipeline, and to ensure that all customers receive …
In order to reduce risks and costs of exploration newer techniques are constantly being developed. One of the lacuna of seismic surveys is that it provides little data regarding the nature of fluids discovered within structures and cannot easily distinguish between waterbearing and hydrocarbon bearing geological formations. Until recently the only way to identify whether …
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A discrete deposit, usually bounded by a downdip water contact from which gas or oil can be extracted using traditional development practices
Petroleum found in liquid form, flowing naturally or capable of being pumped without further processing or dilution
A discrete accumulation related to a localized geological structural feature and/or stratigraphic condition, typically with each accumulation bounded by a down-dip contact with an aquifer, and which is significantly affected by hydrodynamic influences, such as the buoyancy of petroleum in water.
Natural gas occurring in a normal porous and permeable reservoir rock, either in the gaseous phase or dissolved in crude oil, and which technically can be produced by normal production practices. A conventional reservoir is one that can be produced at economic flow rates and that will produce economic volumes of oil or gas without …
Continue reading “Conventional gas; Conventional gas field; Conventional natural gas reservoir”
A stage in the refining process which consists of breaking up the large molecules into smaller ones in order to produce lighter compounds. Processes involved include catalytic cracking and viscosity reduction (visbreaking).
Certain transactions that are in substance borrowings repayable in cash or its equivalent and shall be accounted for as borrowings and may not qualify for the recognition and reporting of oil and gas reserves. These include: (1) Cash advances to operators to finance exploration in return for the right to purchase oil or gas discovered, …
