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Allocation (oil And Gas)
In the petroleum industry, allocation refers to practices of breaking down measures of quantities of extracted hydrocarbons across various contributing sources. Allocation aids the attribution of ownerships of hydrocarbons as each contributing element to a commingled flow or to a storage of petroleum may have a unique ownership. Contributing sources in this context are typically producing petroleum wells delivering flows of petroleum or flows of natural gas to a commingled flow or storage. The terms hydrocarbon accounting and allocation are sometimes used interchangeably. Hydrocarbon accounting has a wider scope, taking advantages of allocation results, it is the petroleum management process by which ownership of extracted hydrocarbons is determined and tracked from a point of sale or discharge back to the point of extraction. In this way, hydrocarbon accounting also covers inventory control, material balance, and practices to trace ownership of hydrocarbons being transported in ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Industry
The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transportation (often by oil tankers and pipelines), and marketing of petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics. The industry is usually divided into three major components: upstream, midstream, and downstream. Upstream regards exploration and extraction of crude oil, midstream encompasses transportation and storage of crude, and downstream concerns refining crude oil into various end products. Petroleum is vital to many industries, and is necessary for the maintenance of industrial civilization in its current configuration, making it a critical concern for many nations. Oil accounts for a large percentage of the wor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Petroleum Contractual Licence System
The petroleum fiscal regime of a country is a set of laws, regulations and agreements which governs the economical benefits derived from petroleum exploration and production. The regime regulates transactions between the political entity and the legal entities involved. A commercial or legal entity in this context is commonly an oil company, and two or more companies may establish partnerships to share economic risks and investment capital. Although petroleum, oil and gas, and hydrocarbons are not technically mineral resources, the term mineral rights is used to denote rights to exploit oil and gas resources from the underground. Onshore, in United States, the landowner possesses exclusive rights for mineral rights, elsewhere generally the state does. For this reason, the fiscal regime of US is divergent from that of other countries. The petroleum licensing system of a country may be considered interwoven with the fiscal regime, however, a licensing system has its distinct fun ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wellhead
A wellhead is the component at the surface of an oil or gas well that provides the structural and pressure-containing interface for the drilling and production equipment. The primary purpose of a wellhead is to provide the suspension point and pressure seals for the casing strings that run from the bottom of the hole sections to the surface pressure control equipment. While drilling the oil well, surface pressure control is provided by a blowout preventer (BOP). If the pressure is not contained during drilling operations by the column of drilling fluid, casings, wellhead, and BOP, a well blowout could occur. When the well has been drilled, it is completed to provide an interface with the reservoir rock and a tubular conduit for the well fluids. The surface pressure control is provided by a Christmas tree, which is installed on top of the wellhead, with isolation valves and choke equipment to control the flow of well fluids during production. Wellheads are typically welded on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural Gas
Natural gas (also called fossil gas or simply gas) is a naturally occurring mixture of gaseous hydrocarbons consisting primarily of methane in addition to various smaller amounts of other higher alkanes. Low levels of trace gases like carbon dioxide, nitrogen, hydrogen sulfide, and helium are also usually present. Natural gas is colorless and odorless, so odorizers such as mercaptan (which smells like sulfur or rotten eggs) are commonly added to natural gas supplies for safety so that leaks can be readily detected. Natural gas is a fossil fuel and non-renewable resource that is formed when layers of organic matter (primarily marine microorganisms) decompose under anaerobic conditions and are subjected to intense heat and pressure underground over millions of years. The energy that the decayed organisms originally obtained from the sun via photosynthesis is stored as chemical energy within the molecules of methane and other hydrocarbons. Natural gas can be burned fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Well Test (oil And Gas)
In the petroleum industry, a well test is the execution of a set of planned data acquisition activities. The acquired data is analyzed to broaden the knowledge and increase the understanding of the hydrocarbon properties therein and characteristics of the underground reservoir where the hydrocarbons are trapped. The test will also provide information about the state of the particular well used to collect data. The overall objective is identifying the reservoir's capacity to produce hydrocarbons, such as oil, natural gas and condensate. Data gathered during the test period includes volumetric flow rate and pressure observed in the selected well. Outcomes of a well test, for instance flow rate data and gas oil ratio data, may support the well allocation process for an ongoing production phase, while other data about the reservoir capabilities will support reservoir management. Scope and definitions There are many flavours of well tests and various ways to categorize test types ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Produced Water
Produced water is a term used in the oil industry or geothermal industry to describe water that is produced as a byproduct during the extraction of Petroleum, oil and natural gas, or used as a medium for heat extraction. Produced water is the kind of brackish and saline water from underground formations that are brought to the surface. Oil and gas reservoirs often have water as well as hydrocarbons, sometimes in a zone that lies under the hydrocarbons, and sometimes in the same zone with the oil and gas. In geothermal plays, the produced water is usually hot. It contains steam with dissolved solutes and gases, providing important information on the geological, chemical, and hydrological characteristics of geothermal systems. Oil wells sometimes produce large volumes of water with the oil, while gas wells tend to produce water in smaller proportions. To achieve maximum Petroleum extraction, oil recovery, waterflooding is often implemented, in which water is Water injection (oil pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Natural-gas Condensate
Natural-gas condensate, also called natural gas liquids, is a low-density mixture of hydrocarbon liquids that are present as gaseous components in the raw natural gas produced from many natural gas fields. Some gas species within the raw natural gas will condense to a liquid state if the temperature is reduced to below the hydrocarbon dew point temperature at a set pressure. The natural gas condensate is also called condensate, or gas condensate, or sometimes natural gasoline because it contains hydrocarbons within the gasoline boiling range, and is also referred to by the shortened name condy by many workers on gas installations. Raw natural gas may come from any one of three types of gas wells: * Crude oil wells: Raw natural gas that comes from crude oil wells is called ''associated gas''. This gas can exist separate from the crude oil in the underground formation, or be dissolved in the crude oil. Condensate produced from oil wells is often referred to as ''lease conden ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Crude Oil
Petroleum, also known as crude oil, or simply oil, is a naturally occurring yellowish-black liquid mixture of mainly hydrocarbons, and is found in geological formations. The name ''petroleum'' covers both naturally occurring unprocessed crude oil and petroleum products that consist of refined crude oil. A fossil fuel, petroleum is formed when large quantities of dead organisms, mostly zooplankton and algae, are buried underneath sedimentary rock and subjected to both prolonged heat and pressure. Petroleum is primarily recovered by oil drilling. Drilling is carried out after studies of structural geology, sedimentary basin analysis, and reservoir characterisation. Recent developments in technologies have also led to exploitation of other Unconventional (oil & gas) reservoir, unconventional reserves such as oil sands and oil shale. Once extracted, oil is refined and separated, most easily by Continuous distillation#Continuous distillation of crude oil, distillation, into innume ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Measurements
Measurement is the quantification of attributes of an object or event, which can be used to compare with other objects or events. In other words, measurement is a process of determining how large or small a physical quantity is as compared to a basic reference quantity of the same kind. The scope and application of measurement are dependent on the context and discipline. In natural sciences and engineering, measurements do not apply to nominal properties of objects or events, which is consistent with the guidelines of the ''International vocabulary of metrology'' published by the International Bureau of Weights and Measures. However, in other fields such as statistics as well as the social and behavioural sciences, measurements can have multiple levels, which would include nominal, ordinal, interval and ratio scales. Measurement is a cornerstone of trade, science, technology and quantitative research in many disciplines. Historically, many measurement systems existed for t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Boiling Point
The boiling point of a substance is the temperature at which the vapor pressure of a liquid equals the pressure surrounding the liquid and the liquid changes into a vapor. The boiling point of a liquid varies depending upon the surrounding environmental pressure. A liquid in a partial vacuum has a lower boiling point than when that liquid is at atmospheric pressure. A liquid at low pressure has a lower boiling point than when that liquid is at atmospheric pressure. Because of this, water boils at under standard pressure at sea level, but at at altitude. For a given pressure, different liquids will boiling, boil at different temperatures. The normal boiling point (also called the atmospheric boiling point or the atmospheric pressure boiling point) of a liquid is the special case in which the vapor pressure of the liquid equals the defined atmospheric pressure at sea level, one Atmosphere (unit), atmosphere. At that temperature, the vapor pressure of the liquid becomes suffici ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Components Of Crude Oil
Circuit Component may refer to: •Are devices that perform functions when they are connected in a circuit. In engineering, science, and technology Generic systems * System components, an entity with discrete structure, such as an assembly or software module, within a system considered at a particular level of analysis *Lumped element model, a model of spatially distributed systems Electrical *Component video, a type of analog video information that is transmitted or stored as two or more separate signals * Electronic components, the constituents of electronic circuits * Symmetrical components, in electrical engineering, analysis of unbalanced three-phase power systems Mathematics *Color model, a way of describing how colors can be represented, typically as multiple values or color components *Component (group theory), a quasi-simple subnormal sub-group *Connected component (graph theory), a maximal connected subgraph *Connected component (topology), a maximal connected ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pentane
Pentane is an organic compound with the formula C5H12—that is, an alkane with five carbon atoms. The term may refer to any of three structural isomers, or to a mixture of them: in the IUPAC nomenclature, however, pentane means exclusively the ''n''-pentane isomer; the other two are called isopentane (methylbutane) and neopentane (dimethylpropane). Cyclopentane is not an isomer of pentane because it has only 10 hydrogen atoms where pentane has 12. Pentanes are components of some fuels and are employed as specialty solvents in the laboratory. Their properties are very similar to those of butanes and hexanes. Industrial uses Pentanes are some of the primary blowing agents used in the production of polystyrene foam and other foams. Usually, a mixture of n-, i-, and increasingly cyclopentane is used for this purpose. Acid-catalyzed isomerization gives isopentane, which is used in producing high-octane fuels. Because of their low boiling points, low cost, and relative safety, pen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
