Category: O&G Industry Definitions

Definition of the Day – Oil & Gas Life Cycle “Exploration”

The oil and gas EXPLORATION process is to find oil and gas fields.  The main goal is to identify and deliver commercially viable field development opportunities.  The following geological and geophysical activities would take place:

  • Conduct seismic surveys
  • Process and interpret the seismic data and map the potential reservoir
  • Select exploration well locations
  • Drill and evaluate exploration well data:
  • Core analysis to establish porosity and permeability
  • Logging data to determine porosity, water and hydrocarbon saturation
  • Production test data to determine flow rates and maximum production potential
  • PVT to allow reservoir fluid analysis and ascertain oil/gas quality and the shrinkage or expansion factor
  • Build a computer model of the reservoir and identify and where possible remove major uncertainties by further data analysis, seismic reprocessing etc

Exploration Well

Definition of the Day – Oil & Gas Chemists

Chemists in the oil and petroleum industry work with crude oil and the products derived from it.  They have a broad spectrum of jobs such as:

  • “Fingerprinting” oil leaked in a spill
  • Process control at a refinery
  • Developing catalysts used in the refining process
  • Creating new polymers for fibers and resins

Definitions:

Fingerprinting – a process that refers to analytical chemistry techniques by which crude oil is defined into its components in such a way as to permit the identification of a particular sample of crude oil by the uniqueness of its composition.

Process control – an engineering discipline that enables mass production of continuous processes such as oil refining, paper manufacturing, chemicals, power plants and many other industries. Process control enables automation, with which a small staff of operating personnel can operate a complex process from a central control room.

chemist

Definition of the Day – Seismic Data and Reservoir Models

Seismic data – information to locate oil and natural gas deposits, both to aid in exploration for new deposits and to manage or enhance production from known reservoirs. To gather seismic data, an energy source is used to send sound waves into the subsurface strata. These waves are reflected back to the surface by underground formations, where they are detected by geophones which digitize and record the reflected waves. Computers are then used to process the raw data to develop an image of underground formations.

Reservoir models – computer models constructed of a petroleum reservoir for the purposes of improving estimation of reserves and making decisions regarding the development of the oil field.

Seismic Imaging of an Oil Reservoir

3D Seismic Imaging
3D Seismic Imaging
Seismic Imaging
Seismic Imaging

 

 

 

 

 

Definition of the Day – Earth Scientists

Earth Scientists, Geoscientists, Geophysicists, Geologists study the earth, including its composition, structure and other physical aspects for oil discovery and production and use complex equipment to collect seismic data.  They are usually linked to the actual discovery of oil and the identification of possible oil deposits (areas underground where oil is trapped), and make the decision on where the location of drilling will occur.

An Earth Scientist’s main responsibilities include:

  • Controlling the quality of the seismic data collected
  • Interpreting seismic data to create maps of the build up of hydrocarbons (crude oil and natural gas).
  • Examining the physical properties of rocks, as well as gathering and evaluating well data to build reservoir models.

earth scientist

Definition of the Day – Petroleum Engineer

Petroleum engineers work in the upstream sector of the energy industry and focus on maximizing the most effective and efficient way of pulling crude oil and natural gas from a reservoir to the surface.

Petroleum engineers typically divide themselves into several types, including:

  • Reservoir engineers – work to optimize production of oil and gas.
  • Drilling engineers – manage the technical aspects of drilling wells.
  • Production engineers – manage the interface between the reservoir and the well.

petroleum-engineer-job-interview1 (1)

Definition of the Day – Gas Station

Gas Station –  also known as a filling station, fuelling station, garage, gasbar (Canada), gas station (United States and Canada), petrol bunk or petrol pump (India), petrol garage, petrol station (Australia, Hong Kong, Ireland, Malaysia, New Zealand, Singapore, South Africa and United Kingdom), service station (Australia, United Kingdom and United States), or servo (Australia), is a facility which sells gasoline (gas, petrol), diesel fuel, and in some cases electric energy.

Gas Stations
Gas Station Pumps

Definition of the Day – Natural Gas

Natural Gas –  is a fossil fuel formed when layers of buried plants and animals are exposed to intense heat and pressure over thousands of years. The energy that the plants originally obtained from the sun is stored in the form of carbon in natural gas. It is a nonrenewable resource because it cannot be replenished on a human time frame.  Natural gas consists primarily of methane.  In its refined state, it is often used for heating, cooking, and electricity generation, fuel for vehicles, etc.

Natural Gas
Natural Gas

Definition of the Day – Downstream Industry

The downstream industry refines and processes hydrocarbons into usable products such as gasoline, jet fuel, and diesel.  It also involves the selling and distribution of these products.

Downstream functions:

  • Refines raw crude oil and natural gas into usable materials
  • Markets and distributes petroleum and natural gas based materials to consumers
Gas Stations
Gas Stations
Wax
Wax
Natural Gas
Natural Gas

 

 

 

 

 

Definition of the Day – Midstream Industry

The midstream industry processes, stores, markets and transports crude oil, natural gas, and natural gas liquids (LNGs), and sulphur.

Midstream functions:

  • Transports crude oil or refined petroleum products by pipeline, rail, barge or truck from production sites to refineries and from refineries to distributers (gas stations, etc.).
  • Stores oil and natural gas
  • Wholesale markets crude or refined petroleum products

Midstream images

Barge Transport
Barge Transport
Pipeline
Pipeline
Storage Tank
Storage Tank