A licensee, who has made a discovery in the licensed area and has during the period of the license made an application is entitled, subject to the conditions of the license, to be granted a lease in respect of any area chosen by him within the licensed area. The lease shall be subject to the …
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Generic term for any type of energy which is considered to have a lower environmental impact than commercially-produced energy
A measure of the total flow of goods and services produced by an economy over a specified time period, normally a year
A geological feature produced by deformation of the Earth’s crust, such as a fold or a fault; a feature within a rock, such as a fracture or bedding surface or, more generally, the spatial arrangement of rocks.
Geopressurized zones are natural underground formations that are under unusually high pressure for their depth. These areas are formed by layers of clay that are deposited and compacted very quickly on top of more porous, absorbent material such as sand or silt. Water and natural gas that is present in this clay is squeezed out …
The word geothermal comes from the Greek words geo (earth) and therme (heat), thus geothermal energy is heat from within the earth. We can use the steam and hot water produced inside the earth to heat buildings or generate electricity. Geothermal energy is a renewable energy source because the water is replenished by rainfall and …
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Owner Tova Luskin, an ultra-Orthodox Jew. Givot Olam is an Israeli O&G partnership traded on the Israeli Stock Exchange which believes in biblical prophecies of finding oil and gas in the holy land. The main asset of Givot Olam is 99% of lease # I/11 Rosh Haayin containing the Meged Oil Field and covering 243,000 …
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Originally intended to prevent black people from voting in the US (if a person’s grandfather was not permitted to vote, neither was he). The term has come to refer to the fact that certain laws may not be applicable in certain circumstances due to preexisting facts. In the context of resource contracts, a stabilization clause …
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The amount of heat released by a specific quantity of fuel. The gross heating value of a fuel is defined as the amount of heat released by a specified quantity (initially at 25°C) once it is combusted and the products have returned to a temperature of 25°C. The difference between the higher heating value and …
An artificial lift method in which gas is injected into the production tubing to reduce the hydrostatic pressure of the fluid column. The resulting reduction in bottomhole pressure allows the reservoir liquids to enter the wellbore at a higher flow rate. The injection gas is typically conveyed down the tubing-casing annulus and enters the production …
