Planned for development
A field that satisfies all the criteria for reserves and there is a firm intent to develop the field, but detailed development planning and/or necessary approvals / contracts have not yet been finalized
Platform; Oil platform
Platforms cannot be moved like jackups. They are immobile and are typically made from steel or cement and are used to drill new development wells
Platform rig
A platform rig is placed on a production platform and is similar to a modular land rig. The production platform’s crane is capable of lifting the modularized rig crane that subsequently sets the rig modules. The assembled rig has all the drilling, housing and support facilities necessary for drilling multiple production wells
Plug and Abandon
Depleted well or dry hole that has been (typically) filled with cement and marked, with all surface equipment removed.
Plug back; Plugging back
Plug the lower section of the well in order to carry out works in the higher section thereof. A single operation whereby a deeper Zone is abandoned in order to attempt a Completion in a shallower Zone
Pluger lift
An artificial-lift method principally used in gas wells to unload relatively small volumes of liquid
Plugged-back footage
Under certain conditions, drilling operations may be continued to a greater depth than that at which a potentially productive formation is found. If production is not established at the greater depth, the well may be completed in the shallower formation. Except in special situations, the length of the well bore from the deepest depth at …
Plugging a well; Plugging-back; Plugged back
Filling the borehole of an abandoned well with mud and cement to prevent the flow of water or oil from one strata to another or to the surface. Plugging back means a single operation whereby a deeper zone is abandoned in order to attempt a completion in a shallower zone
Plug-in hybrid electric vehicle; Plug-in technology for electric cars; Electric vehicles; Plug-in hybrid electric vehicle
Electric cars that can be recharged by plugging-in to the grid and will eventually be able to be even recharged from any 220 v home socket.
Petronas – Petroliam Nasional Berhad
Malaysia’s Petroliam Nasional Berhad (Petronas) was established in1974 and is the country’s state oil and gas company. It operates as an integrated concern across all areas of the oil and gas market, encompassing exploration and production, refining and fuels distribution. In the LNG sector, Petronas is a significant supplier to industrial economies and sells large …