Joint venture; Venture
Oil companies generally participate in oil and gas projects through their equity share in a joint venture, usually unincorporated. The relationship between the companies is governed by a joint venture agreement
Junked and Abandoned
When equipment is lost down a well and cannot be retrieved economically, the well is junked, namely plugged and abandoned
Kashagan oil field
The Kashagan field covers an area of 47 miles by 22 miles and is located in the North Caspian Sea approximately 50 miles offshore from Atyrau. The field was originally operated only by ENI at 18.52 % and partnered by ExxonMobil (18.52%), Shell (18.52%), Total (18.52%), ConocoPhillips (9.26%), KasMunaiGaz (8.33%) and Inpex (8.33%). In November …
Kelly
Is the first and the sturdiest joint of the drill column. It is a thick wall, hollow steel forging with two flat sides and two rounded sides that fits into the square hole in the rotary table that rotates the kelly joint and the drill column.
Kelly Bushing
An adapter that serves to connect the rotary table to the kelly. The kelly bushing has an inside diameter profile that matches that of the kelly, usually square or hexagonal. It is connected to the rotary table by four large steel pins that fit into mating holes in the rotary table. The rotary motion from …
Kelly; kelly pipe
A long square or hexagonal steel bar with a hole drilled through the middle for a fluid path. The kelly is used to transmit rotary motion from the rotary table or kelly bushing to the drillstring, while allowing the drillstring to be lowered or raised during rotation
Kill a well, killing a well
To stop a well from flowing or having the ability to flow into the wellbore. Kill procedures typically involve circulating reservoir fluids out of the wellbore or pumping higher density mud into the wellbore, or both. To overcome downhole pressure by adding weighting elements to the drilling mud
Known accumulations
The term accumulation is used to identify an individual body of moveable petroleum. The key to consider an accumulation as known and hence containing reserves is that each accumulation / reservoir must have been penetrated by a well that must have clearly demonstrated the existence of moveable petroleum. Alternatively, where log and/or core data exist, …
Kurkar
The coastal plain of Israel is characterized by development of Pleistocene and Holocene sand dune fields and aeolianite ridges locally termed “kurkar” running parallel to the coast line. Kurkar ridges are built of several sedimentary cycles, which are intercalated by red sandy loam soils locally termed “hamra” (Arabic word for “red”). These kurkar ridges are …
Kyoto Protocol (Israel and Kyoto Protocol)
Although Israel was classified as a developing country under the Climate Change Convention, the government has resolved to undertake activities to reduce emissions of greenhouses gases on the basis of the conclusions of an interministerial committee on climate change which was set up for this purpose. Ratification of the Kyoto Protocol will also allow Israel …
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