A well equipped to produce oil and/or gas separately from more than one reservoir. Such wells contain multiple strings of tubing or other equipment that permit production from the various completions to be measured and accounted for separately. For statistical purposes, a multiple completion well is reported as one well and classified as either an …
Perhaps the simplest to understand and most widely used technical indicator is a moving average, which smoothes past data to illustrate existing trends or situations where a trend may be ready to begin or is about to reverse. A moving average helps you spot market direction over time rather than being caught up in short-term …
The pipeline length is to be 3,300 km and the project is due to be completed in 2013, starting at the Georgian/Turkish and/or Iranian/Turkish border respectively, leading to Baumgarten in Austria. It connects the Caspian region, Middle East and Egypt via Turkey, Bulgaria, Romania, Hungary with Austria and further on with the Central and Western …
Field/well that is only marginally productive or profitable. As technology improves though more marginal fields are able to be developed profitably. In addition, some countries that originally had a price cap on oil or gas are removing the cap to incentivize international oil companies to undertake further exploration activities. A good example of this is …
Continue reading “Marginal field; Marginal well; Marginal gas field”
Creates a structure for the governance and protection of all of the sea, including the airspace above and the sea-bed and subsoil below. In particular, it provides a framework for the allocation of jurisdiction, rights and duties among States that carefully balances the interests of States in controlling activities off their own coasts and the …
Continue reading “United Nations Convention on the Law of the Sea 1982”
No petroleum shall be produced from any well at more than its maximum efficient rate of production.
Coal resources for which estimates of the rank, quality, and quantity have been computed, within a margin of error of less than 20 percent, from sample analyses and measurements from closely spaced and geologically well known sample sites. Measured resources are computed from dimensions revealed in outcrops, trenches, mine workings, and drill holes. The points …
Measurements-while-drilling (MWD) and logging-while-drilling (LWD) logs are also taken downhole. They are either transmitted to surface by mud pulses, or else recorded downhole and retrieved later when the instrument is brought to surface. The evaluation of physical properties, usually including pressure, temperature and wellbore trajectory in three-dimensional space, while extending a wellbore. MWD is now …
Usually natural gas contracts of between one to 12 months
Natural gas is almost odorless as it comes from the well or processing facility. If the gas is destined for use as a fuel in homes or industry, a chemical called a mercaptan is added to give the gas a distinctive odor so that people can easily smell it when its concentration in air reaches 1%. …
