Solution gas natural gas that is found with crude oil in underground reservoirs. Shale is frequently a tight type of rock, having small or widely spaced pores that trap oil or natural gas. Below is a general flow diagram of the major topics covered within this section in this edition, and where they fit within the oil and gas value chain. Copas oil and gas industry accounting professionals. The oilfield glossary schlumberger oilfield glossary. Guidelines for the evaluation of petroleum reserves and. The society of petroleum engineers spe oil and gas reserves committee, made up of international oil and gas experts, partners with several industry related societies to provide publicly available resources for the consistent definition and estimation of hydrocarbon resources, nopes. Take a look at some of the terms youll encounter working in the industry below. Handbook of offshore oil and gas operations empowers oil and gas engineers and. Oil gas definition is gas as blau gas or pintsch gas made usually by vaporizing and cracking a petroleum distillate as a heavy oil. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned. Glossary of oil and gas terms learn the language of oil. Increasing the flow of oil from a well by pumping hydrochloric acid into the well under high. The petrophysical rock core contains gas or oil which are used as fuel as for energy source.
An interactive glossary of oil and gas acronyms, slang, and terminology. Bld bailed refers to the practice of removing debris from the hole with a cylindrical container on a wireline. The oil and gas industry is driven by an estimated 80% data that has a spatial component. In compliance with european union eu legislation for visitors from the eu, schlumberger requests your permission to place cookies on your computer to both. List of abbreviations in oil and gas exploration and. For example, a petroleum engineer might find the book helpful on the meaning of the unless clause in an oil and gas lease. Reporting problems include differences due to the net result of conversions off low data metered at varying temperature and. Gathering systems are oil and natural gas storage areas where raw produced products are held until they can be transported, via pipeline, railcar or tanker truck to the refinery. Oil definition, any of a large class of substances typically unctuous, viscous, combustible, liquid at ordinary temperatures, and soluble in ether or alcohol but not in water. This helpful reference contains over 12,000 definitions of terms used in petroleum geology, exploration, drilling, production, pipelining, processing, refining, accounting, and marketing.
The terms are also subject to change as applicable laws and customary practice evolve. A function can be defined as a set of ordered pairs, denoted as x, y such that no two such pairs have the same first element. Represents differences between the sum of the components of natural gas supply and the sum of the components of natural gas disposition. Our 4day, inperson building your foundation in oil and gas course is the ideal training. A systems approach is a practical guide on the business cycle and techniques to undertake step, episodic, and breakthrough improvement in performance to optimize operating costs. Oil and gas production handbook an introduction to oil. These are some of the most commonly used oil and gas terms. Oil and gas aggregate operation are defined as the excavation or quarrying of aggregate that. The definitions provide an introduction to each term and may raise complex legal issues on which specific legal advice is required. Our glossary provides a comprehensive guide to the many expressions used. Standard handbook of petroleum and natural gas engineering. Section ii covers the basics of oil and gas production and transportation processes with a focus on common control valve applications.
Decision preparation and processing decision a decision is a written document, signed by a blm official under delegated authority, which disposes of a stated issued. The oil and gas reserves committee has completed the revision of the petroleum resources management system prms and the spe board approved it in june 2018. Handbook of offshore oil and gas operations 1st edition elsevier. The oil and gas industry uses many acronyms and abbreviations. Applied operational excellence for the oil, gas, and. Updated to add extra terms to the list if youve looked at any oil and gas reference books or even glance online.
A dictionary for the oil and gas industry 1st edition by petroleum extension service petex author 4. Downstream refers to oil and gas operations after the production phase and through to the point of sale, whether it be the gas pump or the home heating oil truck. In addition, this book provides a goto glossary for quick reference. These differences may be due to quantities lost or to the effects of data reporting problems. A dictionary for the oil and gas industry, 2nd ed petroleum. I have had many requests that downstream processes be included, and have restructured the book into upstream, midstream, refining and. The oil and gas industry facilities and systems are broadly defined, according to their use. Land leased for oil and gas exploration andor land for which conocophillips owns the mineral rights. When the oil comes to the surface, the gas expands and comes out of the solution. Glossary of oilfield production terminology got definitions and abbreviations.
Glossary of oil and gas terms acreagecontribution agreement a support agreement by which the contributing party agrees to contribute leases or interests in leases in the area of a test well to a drilling party in exchange for information, if the drilling party drills to. These terms raise complex legal issues on which specific legal advice will be required. Looking for oil and gas accounting courses for new employees. Oil and gas companies should strive to find the ideal blend of human and machine capabilities in every function, and use the resulting productivity gains to redeploy employees to tasks that can improve business results. Blog article the brave new world of digital in oil and gas. Crosscommodity trading is also a new reality from oil, gas, lng, co2 allowances, to coal, basic and precious metals and uranium requiring familiarity with trading terminology among a wider range of professionals. A chronological history of ownership of a tract of land. The uk based partnership with the remit to make the uk the safest oil and gas exploration and production province in the world. This is the only industry that harnesses spatial information at every stage of the lifecycle, beginning with opportunity analysis and exploration, through appraisal and production, right up. It was founded in 1997 by the oil and gas industry trade associations with the aim of reducing the uk offshore oil and gas industry injury rate by 50%. Like many industries, the oil, gas, and process industries are coming under increasing pressure to cut costs due to ongoing construction of larger, more.
I wrote this article in august 2016 to kick start my book and this course. In areas where oil is found in shallow reservoirs, seeps of crude oil or gas may naturally develop, and some oil could simply be collected from seepage or tar ponds. Glossary of oilfield production terminology got definitions and abbreviations first edition, january 1, 1988 american petroleum institute 1220 l street, northwest. Manual of oil and gas terms is an easytouse softcover desk reference that defines the words and phrases most useful to lawyers, landmen, accountants, investors in oil and gas properties, students and others involved in the industry. Oil and natural gas industry preparedness handbook 5 the oil and natural gas industry has created the following strategy document to ensure that roles, responsibilities and needs are clearly identified prior to any events that may affect the integrity of oil and natural gas systems. In nearly all mechanical power applications in the oil and gas industry, it is necessary. Oil and gas companies are facing major technological disruption duration.
A joint task force was established between spe, under the guidance of the oil and gas reserves committee, and wpc with the assignment of drafting the joint definitions. This helpful reference contains over 12,000 definitions of terms used in petroleum geology, exploration, drilling, production, pipelining, processing, refining. If you would like to discuss mineral rights related issues with other landowners. Oil and gas terminology t his glossary of common oil and gas terms and definitions will aid newcomers as well as experienced royalty owners or mineral owners with the terminology used in the oil and gas industry. Blog article 5 clever digital technologies for oil and gas. However, the main component of midstream is the gathering system. Oil and gas 1 develops the vocabulary, language, and skills that students need to understand the industry, and apply this knowledge to practical situations such as workshop operations and repairs and maintenance. Performance management for the oil, gas, and process industries. As part of this work, spe offers free documents including the. Gas leasing terminology a to z this is by no means a complete list of terms used.
As the voice of the upstream oil and natural gas industry in canada, we provide a comprehensive glossary of industry terms. Oil has been used for lighting purposes for many thousands of years. The schlumberger oilfield glossary is an evergreen, instant reference that takes up no space on your bookshelf and offers many special features. To permanently plug a dry hole or well that no longer produces. Oil and gas value chain e1542 gas treatment wellhead fluid.
This barcode number lets you verify that youre getting exactly the right version or edition of a book. Following each definition is, in parentheses, the publicationss in which it is. Converting a drilled well to a condition that can be left indefinitely without further attention and will not damage freshwater supplies, potential petroleum reservoirs or the environment. These terms raise complex legal issues on which specific. Covering the full spectrum of basic definitions, characteristics, drilling techniques, and processing and extraction technologies, the book is a great starting point to. This article dates back to october 2016, and was my first exploration of the leading technologies that would eventually impact oil and gas. T his glossary of common oil and gas terms and definitions will aid newcomers as well as experienced royalty owners or mineral owners with the terminology used in the oil and gas industry.