In energy generation and provision, regulation can refer to the process of increasing or decreasing capacity in the system in response to changes in customer requirements. This type of regulation usually occurs at generating facilities, although the capacity of transmission and distribution systems can also be regulated
Relative permeability is the ratio of effective permeability of a particular fluid at a particular saturation to absolute permeability of that fluid at total saturation. If a single fluid is present in a rock, its relative permeability is 1.0. Calculation of relative permeability allows for comparison of the different abilities of fluids to flow in …
Electric system reliability has two components: adequacy and security. Adequacy is the ability of the electric system to supply the electrical demand and energy requirements of the customers at all times, taking into account scheduled and unscheduled outages of system facilities. Security is the ability of the electric system to withstand sudden disturbances, such as …
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A facility for the production or electricity or a power station where the two following conditions take place: (1) the energy used to generate electricity is renewable energy; (2) the rate of the renewable energy is not less than 70% of the total energy produced in the facility; in this matter, the use of fossil …
This is a relatively popular move amongst corporations traded on the US stock exchange when their shares are falling and options that were granted in the past are no longer worth the paper they are written on. Under such circumstances the board of directors of the company decides to adapt the price of the option …
Rerunning is a general term covering the redistillation of any material and usually indicating that a large part of the material is distilled overhead. A rerun tower may be associated with a crude distillation unit that produces wide boiling range naphtha as an overhead product. By separating the wide-cut fraction into light and heavy naphtha, …
Usually when prospects are risked O&G companies end up with three risk numbers: the P10 or P3, P50 or P2 and the P90 or P1 reserve estimates. Each estimate assumes varying reservoir parameters. The P10 or P3 are the most optimistic and the P90 or P1 are the least optimistic with the P50 and P2 …
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Recoverable resources are the subset of the total resource base that is thought to be technically recoverable; the technology exists to make its extraction possible. This subset is further divided into discovered and undiscovered resources. Discovered recoverable resources are those in a known location. That is, those reservoirs that geologists have actually located through exploration. …
If the drilling company has lost control of a well and it has blown out (uncontrolled release of pressure subsurface fluids) a relief well can be drilled from a nearby location to intersect the pressured reservoir horizon close to the original borehole and to allow the pumping of high density mud to kill the original …
Prospective resources are those deposits that are estimated, on a given date, to be potentially recoverable form undiscovered accumulations. Frequently, this may be in areas where geoscience and engineering data are unable to clearly define the area. Undiscovered resources are those deposits that have not been pinpointed, but are generally expected to exist based …
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