Platforms for shallow water drilling
Mostly jackup rigs
Parallel extraction
Partial income tax allocation
Per installed kw
Overall energy balance
Oil In place; Initial oil in place; Oil initially in place
The total volume of oil estimated to be in place in an oil reservoir prior to commencement of production
Oil prices drop; Oil prices fell; Dropping oil prices; Falling energy prices; Decline in energy prices; Lower oil prices
The cause of the decline in prices is partly due to the economic crisis and subsequent drop in energy demand, but other structural factors were already at work softening oil markets. the main reasons for the change in prices can be attributed to 4 factors: (1) spare capacity for a few years; (2) short term …
Oil prices soar; Oil futures prices rallied; Oil rallies; Oil rally; Oil soars; Oil prices rose; Oil gained x cents
Namely, the price of oil will recover for instance when world economy regains its footing or upon indication that the Organization of Petroleum Exporting Countries is planning to reduce production quotas