oil and gas
Definition Tie-back in the offshore oil and gas upstream activities refer to the connection of additional risers to the floating vessel or platform. Comments Originally the offshore oil and gas industry used to focus on large fields that could be explored and produced in drilling strait below the floating vessel or the platform. But the high […]
Statoil, Petoro and Exxon to tie-back Svalin to Grane Svalin is made of two fields, Svalin M which was discovered in 2008 and Svalin C which was discovered in 1992. Svalin is located in Block 25/11 in the North Sea, between the Grane and Balder fields, about six kilometers south-west of the Grane platform at […]
Electrical and Instrumentation experts to meet in Abu Dhabi on November 12th &13th 2012 PCIC stands for the Petroleum and Chemical Industry Committee. PCIC Middle East is the regional representation of PCIC Europe to organize the premier Conference for the exchange of experience in electricity and instrumentation in the oil and gas, chemical and pharmaceutical industries, covering all the aspects of the upstream and downstream activities. The PCIC Middle […]
Definition Depletion refers to the decline of production of an oil or gas field. Depletion may also be used for accounting in a similar way as depreciation to allow an owner or operator to account for the reduction of a product’s reserves. For tax purposes, there are two types of depletion; cost depletion and percentage depletion. Comments […]
WorleyParsons completed FEED for PDO Zauliyah Petroleum Development Oman (PDO) is working on a new gas plant project at Zauliyah in central Oman adjacent to PDO’s existing Zauliyah Oil Production Station. The greenfield project will process non-associated gas, water and condensates from the Hasirah and Hawqa fields in the Bahja-Rima area of PDO’s concession to boost […]
Petrofac-Schlumberger won 30 years Pemex contract The Pánuco Area in Mexico contains four mature onshore fields operated by the Mexico’s state-run oil company Petróleos Mexicanos (PEMEX). Discovered in the early 1900s with original oil in place of approximately 6.8 billion barrels, the Panuco oil fields have about 1,600 wells of which around 200 are currently producing a total of […]
Definition Drilling charter refers to the decision of an operator to lease or hire the drilling rigs instead of using its own ones. The service company renting its drilling rig to an operator is called the charterer. Comments In the past each operating company used to have their own drilling rig for oil and gas […]
Chevron to award FEED for Rosebank FPSO The Rosebank oil and gas field discovery is located on Blocks 213/26 and 213/27, in the Faroe-Shetland Channel, 130 km northwest of the Shetland Islands in 1,115 m of water depth on the Corona Ridge near the UK border. Rosebank is considered to be one of the biggest discoveries […]
