Although there have been improvements in health and safety offshore since the Piper Alpha disaster in 1988 the risks are ever present – fire, explosion, release of gas and structural failure all have the potential to cause major loss of life. Specific legislation exists to deal with the hazards arising from the operation of fixed/mobile …
A power pool consists of two or more utilities who combine their resources to better meet their individual needs. These resources can include generating facilities, transmission system access, emergency response capability and even accounting and billing databases. This pooling of resources allows utilities to keep costs low and insure higher reliability through “strength in numbers”. …
As per the MNI: Preliminary Permit, the owner of which may request a priority right which gives exclusive exploration rights on the area. A permit may be granted for a period not exceeding 18 months. A person desiring a preliminary permit for carrying out preliminary investigations, not including test drilling, in order to ascertain the …
A permit, as defined by the Israel Ministry of National Infrastructure, allows a company to conduct reconnaissance exploration effort prior to committing to a well during the License period. The priority rights conveys the exclusive right to the permit holder to convert to a drilling license (at the holder’s discretion), upon fulfillment of the required …
The method of producing a gas reservoir that is not associated with a water drive. Gas is removed and reservoir pressure declines until all the recoverable gas has been expelled.
An agreement between a shareholder and a bidder to the effect that if the bidder makes a takeover offer for a company on agreed terms, then the shareholder will accept the bid. In October 2008 BG made a pre-bid agreement to acquire Queensland Gas Company after failing its hostile approach to Origin in order to …
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Wholly owned subsidiary of BG Group, Premier Power is a utility company that owns and operates Ballylumford Power Station a 600 MW CCGT. Premier Power provides over 50% of Northern Ireland’s total generating capacity and 17% of the island of Ireland’s capacity. The CCGT was constructed on a brown field site adjacent to the original …
There are three elements essential for fluid extraction within a resource bearing reservoir. Porosity, Permeability, and Pressure are the necessary factors for removal of these resources, and must be present together in order for a well to be commercially viable. Porosity: The percentage of pore volume or void space; Permeability: The measurement of the ability …
The Israeli Petroleum Law enacted in 1952 and its amendments. The Israeli Petroleum Law was passed in 1952 and underwent substantial amendments in 1965. The law governs the exploration and production of petroleum in Israel. Petroleum is defined as any petroleum fluid whether liquid or gaseous and includes oil, natural gas, natural gasoline, condensates and …
A complex mixture of naturally occurring hydrocarbon compounds found in rock. Petroleum can range from solid to gas, but the term is generally used to refer to liquid crude oil. The main petroleum products, their usages and their main characteristics are: LPG (heating – pressure, ability to burn as gas); benzene (cars – octane number), …
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