One day – One Word
Definition Non-Condensable Gas Co-Injection (NCG) belongs to the in-situ exploration and production of oil sands. Non-Condensable Gas Co-Injection refers to the process which is to inject NCG together with the steam in the oil sands reservoir. Comments Canada is the country with the biggest unconventional oil resources called bitumen. This bitumen lies in oil sands reservoirs. Most […]
Definition Recoverable reserves are defined as the proportion of resources, here oil and gas, that can be technically, economically and legally possible to extract. The recoverable reserves may also be called proven reserves. Comments The recoverable reserves may be far different from the total resources called total Petroleum Initially-In-Place (PIIP). This Petroleum Initially-In-Place (PIIP) is an estimation resulting from exploration campaign […]
Definition Polypropylene is a thermoplastic material resulting from the polymerization of the propylene by catalysts. Polypropylene may also be called Polypropene. Polypropylene is usually represented by PP. Comments Polypropylene belongs to the olefins family as a polyolefins together with the Polyethylene. The Polypropylene is a polymer produced from the propylene monomer by catalytic polymerization. Because of its balanced crystalline molecular structure, […]
Definition Concession is a form of contract in the oil and gas industry between a State and a company to explore and develop these resources. Comments Oil and gas concessions are very similar to mining concessions considering that in all countries, except USA, and few others the underground belongs to the State, not to the […]
Definition Converted FPSO refers to a Floating Production Storage and Offloading (FPSO) vessel made by the modification of an existing transportation vessel, usually a crude oil shuttle tanker. Converted FPSO opposes to new-build FPSO which is designed and constructed from a white page. Comments The conversion of a transportation vessel into a FPSO is a common practice used in multiple […]
Definition Continental Shelf (CS) refers to the part of the seabed sloping gently between the coast and the deep ocean. Geographically and legally the definition of the Continental Shelf is different from the Exclusive Economic Zone (EEZ) Comments The Continental Shelf is the sub-sea extension of the continent where the waters are still shallow, between 150 […]
Definition EEZ is the acronym of Exclusive Economic Zone EEZ defines the maritime area of 200 nautical miles distance (370 km) from the coast baseline where each state is entitled to empower its sovereign rights. Comments The legal definition of the EEZ was given in 1982 by the United Nation Convention on the Law of […]
Definition Technical Service Contract, or TSC, refers to an oil and gas exploration and production contract awarded by a producing country to the International Oil Company (IOC) bidding with the lowest remuneration fees per barrel (RFB) produced as reward of its capital and operational expenditures. Comments Most of the exploration and production contracts in the […]
