The Tamar license from the Matan 309 license. The Tamar license was originally held by Noble Energy (33%), Isramco (27.5%), Avner (15.1%), Delek (15.1), STX Steinmetz (5%) and Dor Gas (4%). A few weeks before spudding Steinmetz together with partner Yossi Langotsky withdrew from the JOA and their share was divided pro-rata between the remaining …
Syria’s natural gas reserves are estimated at 220 bcm. The country’s natural gas production in 2007 stood at about 7.8 bcm, all for domestic consumption
On June 10th 1870 the Standard Oil Company was formed as a partnership led by John D. Rockefeller and soon became involved in all aspects of the oil business (producing, transporting, refining, and marketing). The company was split in 1911 by the United States Supreme Court in order to decrease its monopolistic power
If any piece of equipment is not able to undertake its proper task due to scheduling issues it charges stand-by time whilst it is waiting to commence work. For instance if a drilling rig cannot drill because of weather conditions or if a drilling operation has been performed, all tests have been conducted and the …
Continue reading “Stand-by costs; Drilling rig stand-by costs”
A gate valve installed at the inlet (suction) side and the outlet (discharge) side of the pump station to isolate the pump station from the pipeline in the event of an emergency
On 1st October 2007, StatoilHydro was created from the merger between Statoil and the oil and gas arm of Norsk Hydro, another major Norwegian company. StatoilHydro engages in the exploration, production, transportation, refining, and marketing of petroleum and petroleum-derived products. It is involved in the exploration, development, and production of crude oil and natural gas …
At times during the drilling of wells in the earth, particularly deeper wells, the drill string cannot be retrieved from the wellbore, i.e., it becomes stuck in the wellbore. The stuck-drill string problem has been widely studied, and it has generally been concluded that the more common mechanisms which can cause the drill string to …
The production of a model of a reservoir or field by using stochastic methods to interpolate between data measurements (usually wells). The stochastic modeling technique manipulates a limited number of parameters to obtain a distribution range (P90, P50, P10).
Although hydrocarbons have been discovered, they may remain stranded, namely they cannot be developed for a number of potential reasons, such as due to geopolitical problems, difficulties in transporting the reserves to the market place economically. Indeed, although a discovery has been made it is not always feasible to monetize it
A stratigraphic column is a graphical representation of the stratigraphy of a particular area. It is a drawing done by a geologist that describes what rocks in a cliff wall or underground look like. This allows other geologists, who have never seen these rocks in person, to understand the geology of that area, and perhaps …
