Runoff; Surface runoff
Important to know extent thereof especially durin extreme rainfall conditions
Location specific risk
Location specific risk is the risk of fatality from all hazards to an individual spending 100% of the time in a fixed location and assumed to be outside.
Closed drains; Protective embankments and temporary drains
Closed drain in a gas processing terminal is required to allow process vessels to be drained during maintenance; the system usually consists of a series of closed drains headers and a vessel. The closed drains is usually sized to take the largest inventory from the process trains and duty/standby pumps are provided for pumping the …
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Packing and drafting
Terms relating to swing of gas. Packing is where flow rates of gas into a pipeline are greater than withdrawal rates, then at times of high demand for the gas the pressure in a pipeline is allowed to fall, leading to drafting, where rates into the pipeline are less than withdrawal
Overnight costs (power station)
Overnight cost is an estimate of the cost at which a power plant could be constructed assuming that the entire process from planning through completion cold be accomplished in a single day. This concept is useful to avoid any impact of financing issues and assumptions on estimated costs. Once one has overnight costs, a complete …
Net present value per barrel of oil equivalent
This indicator allows companies to compare investments around the world, irrespectively of the size of the project
Effective Royalty Rate
The effective royalty rate is defined as the minimum share of revenue (or production) that the host government might expect to receive in any given accounting period from royalties and its share of profit oil. The ERR normally excludes the effects of government participation. If the contract or concession agreement has no cost recovery limit …
Withdrawal (JOA)
The ability of a party in a JOA to withdraw partially or fully from a license and determines the cases when withdrawal is permitted and the rights and obligations of the withdrawing party vis-a-vis his partners
LPG cars; Autogas cars
LPG or autogas is a low carbon fuel thus the CO2 emissions are much smaller than for other fuels. LPG has a higher octane number that benzene (the octane value of benzene is increased by adding MTBE). LPG is easy to store and transport in its liquid state just like benzene and diesel oil and …
Delek natural gas fields
Delek Group is one of the largest and most dynamic investment groups in Israel, whose activities include inter alia Israel’s second largest petroleum company, a major car importer, one of Israel’s biggest real estate companies, oil and gas exploration, IPPs and desalination projects and petroleum activities in the U.S.A. Delek is partner in all of …