Fireball

A burning and expanding gas cloud formed during a BLEVE of a flammable chemical. The fireball is made up of both the chemical that flash-boils when the tank fails and the chemical that sprays out as an aerosol during the explosion. The primary hazard associated with a fireball is thermal radiation.

Accelerated capital cost allowances

Assets are deducted in a different manner throughout their lifespan. The main methods of are: • Direct line amortization (constant annual amortization) • Surplus amortization (direct line amortization calculated for the surplus value of the asset each year) • Amount of remaining years (the ratio between the number of remaining years of the asset and …

Small Fields’ Policy

For almost fifteen years Dutch gas production (oil production was insignificant in relative terms) was almost entirely dependent upon the Groningen gas field. Nevertheless, following the first oil crisis in 1973-1974 the Dutch government designed a new energy policy, which saved Groningen as a strategic reserve to be used over a longer period, and promoted …