In a Gas Sales Contract, the minimum amount of gas to be sold a year is determined. This is set as a percentage of annual contract quantity, usually around the range of 80% thereof from the total quantity the buyer agreed to pay for even if he did not consume it subordinate to the terms …
Gas field production equipment does not always work well at very low levels. It is therefore customary in a natural gas sales agreement for there to be a minimum quantity that the buyer can nominate for delivery on any day. Although most GSAs allow the buyer to nominate zero, he will not be allowed to …
Continue reading “Minimum nomination & zero nomination (GSA)”
e.g. the installation and activation of….
Opening in the hull of a drillship to allow for the passage of operational equipment
A complex mixture of relatively volatile hydrocarbons, with or without small quantities of additives, which have been blended to form a fuel suitable for use in spark-ignition engines
Contains more than 0.05 grams of lead per gallon or more than 0.005 grams of phosphorus per gallon. The actual lead content of any given gallon may vary.
Contains no more than 0.05 grams of lead per gallon and no more than 0.005 grams of phosphorus per gallon
The mass per unit volume of a drilling fluid. Weight is reported in lbm/gal (also known as ppg), kg/m3 or g/cm3 (also called specific gravity or SG)
Multibeam echo sounders collect bathymetric soundings in a swath perpendicular to the ship track by electronically forming a series of transmit and receive beams in the transducer hardware which measure the depth to the sea floor in discrete angular increments or sectors across the swath
A flow regime in which gas, oil, and water are all flowing
