Common oil and gas industry terms explained a financial institution such as bank, brokerdealer, insurance company or business development company. A glossary of useful oil and gas industry terms, names and internet addresses. Glossary of oilfield production terminology got definitions and abbreviations. Liquid, gaseous and solid hydrocarbons, including oil, natural gas, gas condensate, ethane, propane, butane and pentane. The content is based on information current to 1 january 2018, unless otherwise indicated in the text of the chapter. The degree to which gas or fluids can move through a porous material, such as rocks. Devonian shale the general term used to describe the thick sequence of. The uk based partnership with the remit to make the uk the safest oil and gas exploration and production province in the world. Removing material from a pipe surface by abrading, e. These complexities cause the knot a lien ties on oil and gas properties to look less like a simple square knot and more like a gordian knot. Enclosed you will find just a sample of the careers that make it all happen. The term inplace refers to those quantities of oil and natural gas estimated to be contained in known accumulations and includes recoverable and unrecoverable amounts. If you would like to discuss mineral rights related issues with other landowners.
It offers publications regarding recommended industry practices and training materials. Oil and gas production handbook an introduction to oil. Gas has been produced from this formation for several decades. A chronological history of ownership of a tract of land. Offshore oil and gas industry abbreviations and acronyms a courtesy of dmar engineering, inc. Crosscommodity trading is also a new reality from oil, gas.
Glossary of oilfield production terminology got definitions. 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. The oilfield glossary schlumberger oilfield glossary. Mostly coming from user contributions, it is contextual and is meant for indicative purposes only. Glossary of terms used in the trading of oil and gas, utilities. An adjusted income that does not exceed the moderate income limit for the. 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 an agreed depth and develops the information. This paper presents a context for pra in terms of current. The denouement may not meet expectations of any of the parties.
A well blows out when formation pressure exceeds the pressure being applied to it by the column of drilling fluids and measures are unsuccessful in rectifying this situation. These are some of the most commonly used oil and gas terms. The tank into which oil is stored after being produced. Commonly used account classifications are residential, commercial, industrial, and other. Launched in 1998, the oilfield glossary, which includes more than 4600 entries, continues to expand and improve. 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. Oil and gas glossary and definitions bc oil and gas commission. At production or shortly after, the gas separates from the oil. Casinghead gas is natural gas held in solution with oil in the production formation. Reference is not made to all of the facets or issues of the oil and gas industry. Suppliers definitions of these terms vary from supplier to supplier. The oil and gas industry uses many acronyms and abbreviations this list is meant for indicative purposes only and should not be relied upon for anything but general information. When all the reservoir and hihgpressure zones in a well are sealed with cement so that no fluid can escape.
Butane occurs naturally in crude oil and natural gas and is the product of a variety of refinery processes. The schlumberger oilfield glossary has received awards of excellence from the business marketing association and the society for technical communication. Quizlet flashcards, activities and games help you improve your grades. A device that is attached to the shaft of the drawworks and used as a power source for screwing together joints of pipe. File all backup documentation to support preparing. Shale gas glossary acquifer a single underground geological formation, or group of formations, containing water.
Casing pipe cemented in an oil or gas well to seal off formation fluids and to keep the. Oil and gas glossary oilfield glossary oil and gas. A well which lifts oil and gas to the surface with natural reservoir pressure. Nigeria is one of africas largest oil and gas producers, with over two million barrels per day in 20166. Technical guidance documents detail best practices for operating in the industry. The schlumberger oilfield glossary is an evergreen, instant reference that takes up no space on your bookshelf and offers many special features. A glossary of terminology used in unconventional oil exploration the terms used in oil and gas well exploration can be confusing to anyone not involved in the business. To permanently plug a dry hole or well that no longer produces.
Obviously, this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list anywhere. The country also has the largest oil and gas reserves in subsaharan africa, with an estimated 37 billion barrels of oil and 188 trillion cubic feet of gas. The oil and gas industry uses many jargons, acronyms and abbreviations. Glossary of terms see also manual section 3100 abbreviationsacronyms illustrations. We also have a page of oil and gas abbreviations and acronyms. Spwla petrophysical curve names and mnemonics oct11. Air hoists are often mounted on the rig floor and may be used to lift joints. Oil and gas development, however, introduces complexities to the creation of mechanics liens not found in the normal construction setting. The global oil and gas tax guide summarizes the oil and gas corporate tax regimes in 86 countries and also provides a directory of ey oil and gas tax and legal contacts. Natural gas production, transportation, and markets david e. 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 gas production handbook an introduction to oil and gas production. Blowout a temporary uncontrolled flow of gas, oil, or other well fluids from a well to the atmosphere. Casinghead gas gas produced from the casinghead the top of the pipe of an oil well.
Oil and gas well drilling and servicing etool glossary. A record of the production of gas measured by a meter. An introduction to the petroleum industry government of. Any individual under 18 years of age, except that a recipient or spouse may never be considered a minor. A granting of rights to a third party to mine, drill or otherwise access oil, gas or other valuable natural resources on a property. Production casing is the pipe through which oil and gas is produced. Timing between the two components can take years and usually does. List of abbreviations in oil and gas exploration and. The oil and gas activity application and operations manual detail. Searched for s in all fields 4914 results found variables and numbers. Gas leasing terminology a to z this is by no means a complete list of terms used. It is not intended to be a definitive or exhaustive reference, nor should it be. The cluster dynamics, or the innovation system, in the norwegian oil industry is based on a high degree of collaboration between suppliers of.
However, such terms may vary due to the registrants roll overpolicy in which case the maturity should be revised as appropriate and the rollover policy should be briefly discussed. The energy, utilities and mining practice of pricewaterhousecoopers has compiled this glossary of oil and gas, utilities and mining commodity trading and risk management terms. The way in which suppliers of electricity, natural gas, or fuel oil classify and bill their customers. Risk management for most offshore oil and gas operators begins with a multidisciplinary approach to. Louisiana dnr glossary of terms term description abandoned well an oil and gas well which has no reported production, disposal, injection or other permitted activity for an extended period of time and the current operator of record has failed to maintain the oilfield site in accordance with state rules and regulations. A glossary of terminology used in unconventional oil. Any director, officer or general partner of the issuer. It includes several terms for which there is no single, commonly accepted definition in the petroleum industry. Production ep, gas and power, oil products, chemicals, and other industry segments. Glossary of oil and gas terms learn the language of oil. This glossary and definitions is an additional resource to accompany the manuals, guidelines and forms in applying for a permit and adhering to the regulatory and reporting requirements during construction and operations.
Its primary uses are for blending into gasoline, for residential and commercial heating and for industrial uses. However, this guide will enable one to become familiar with the basic operations and common terminology of the oil and gas industry, including brief references to royalty owners. To discontinue attempts to produce oil or gas from a well or lease and to plug the reservoir in accordance with regulatory requirements and recover equipment. There are many terms that are synonymous with the oil and gas industry. Increasing the flow of oil from a well by pumping hydrochloric acid into the well under high. Natural gas volumes are converted to barrels on the basis of energy content. The objective of this glossary is to provide our clients with a useful reference. Oil has been used for lighting purposes for many thousands of years. Antrim shale a shale deposit located in the northern michigan basin that is a devonian age rock formation lying at a relatively shallow depth of 1,000 feet. The glossary and definitions is broken down alphabetically, and also by section relevant to industry activity.
1027 1367 944 1264 488 270 671 1477 1122 1281 1202 495 292 42 26 1002 547 801 1057 1030 1141 1434 437 487 904 137 381 233 75 306 185 1394 416 711 940 618 1298 1454 1016