According to the Israeli Petroleum Law, in this register shall be recorded, in such detail as may be prescribed by the regulations, all applications for petroleum rights submitted and all licenses, leases and surface leases granted under this law
Usually the government
Petroleum in place is the total quantity of petroleum that is estimated to exist originally in naturally occurring reservoirs. Oil-in-place, gas-in-place, bitumen-in-place are defined in the same manner
Phantom stock is a promise to pay a bonus in the form of the equivalent of either the value of company shares or the increase in that value over a period of time. A stock appreciation right (SAR) is much like phantom stock, except it provides the right to the monetary equivalent of the increase …
A technology used to convert light directly into electricity. Solar cells, also called photovoltaics (PV) convert sunlight directly into electricity. Solar cells are often used to power calculators and watches. They are made of semiconducting materials similar to those used in computer chips. When sunlight is absorbed by these materials, the solar energy knocks electrons …
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A pig is a device inserted into a pipeline which travels freely through it, driven by the product flow to do a specific task within the pipeline. These tasks fall into a number of different areas: (a) Utility pigs which perform a function such as cleaning, separating products in-line or dewatering the line; (b) Inline …
Small-diameter pipeline, fixed to a larger pipeline, used to transport a product other than that of the main line
A small scale test or trial operation / plant that is used to assess the suitability of a method for commercial application
The main inspection methods that are used are MFL (Magnetic Flux Leakage) and UT (Ultrasonics). MFL is an inferred method where a strong magnetic flux is induced into the pipeline wall. Sensors then pick up any leakage of this flux and the extent of this leakage indicates a flaw in the pipe wall. For instance, …
Pipelines will be an integral part of our energy distribution systems for the foreseeable future with tens of billions of dollars being invested in pipeline infrastructure, due in part to the increase use worldwide of combined cycle power generation plant using natural gas a fuel. The need to construct large diameter pipelines over long distances …
