Term that parallels peak oil but probably bears a closer relation to the facts that stem from peak oil. Peak capability refers to the ability of oil and gas companies to be able to match the earth’s resource endowment on the one hand, with the capability – technology, skills and know-how – required to bring …
Gently undulating, almost featureless plain that, in principle, would be produced by fluvial erosion that would, in the course of geologic time, reduce the land almost to baselevel (sea level), leaving so little gradient that essentially no more erosion could occur
Create a hole in the casing or liner to achieve efficient communication between the reservoir and the wellbore. A specialized crew transports and operates the perforating equipment. Upon arrival to the site, the tools are assembled, then lowered into the well by a wireline unit or conveyed by tubing. Then, a specialized gun shoots small …
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A well completion method in which the producing zone or zones are cased through, cemented, and perforated to allow fluid flow into the wellbore. A well completed by this method.
Gasoline prices are affected by a number of factors from supply and demand, taxes, politics, to the weather. Refineries buy crude oil based on the best available current price (which in turn is affected by a large number of factors on both the demand and supply side of the equation). Different types of gasoline such …
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A generic term applied to oil and oil products in all forms, such as crude oil, unfinished oils, petroleum products, natural gas, plant liquids, and non-hydrocarbon compounds blended into finished petroleum products. Complex mixture of naturally occurring hydrocarbon compounds found in rock. Petroleum can range from solid to gas, but the term is generally used …
The Petroleum board’s duties are government by the Petroleum Law 1952 and including the granting of petroleum rights and supervision over the implementation of these rights; advising the MNI Minister, the Director General of the Ministry and other entities within the ministry on all matters regarding the implementation of the Petroleum Law. In accordance with …
Means the land and all geologic formations underlying it beneath which is a known accumulation of petroleum capable of being produced in commercial quantities
The description of petroleum fluids in basin modeling is primarily determined by two factors. Firstly, processes of generation and expulsion quantify the overall composition of the fluids. Secondly, PVT-behavior is responsible for the distribution of components to phases during secondary migration
Compared with the supply-side option through increasing generation capacity and upgrading transmission and distribution systems, demand-side management including control of peak load is more cost-effective. Peak-load control is a way by which consumers modify their level and pattern of electricity consumption to shed their peak electricity usage or shift their usage from peak to off-peak …
