Search results
Results from the WOW.Com Content Network
Oil depletion. Oil depletion is the decline in oil production of a well, oil field, or geographic area. [1] The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve.
Decline curve analysis. Decline curve generated by decline curve analysis software, utilized in petroleum economics to indicate the depletion of oil & gas in a petroleum reservoir. Decline curve analysis is a means of predicting future oil well or gas well production based on past production history. Production decline curve analysis is a ...
The natural gas industry in India began in the 1960s with the discovery of gas fields in Assam and Maharashtra (Mumbai High Field). As on 31 March 2018, India had estimated crude oil reserves of 594.49 million metric tonnes (Mt) and natural gas reserves of 1339.57 billion cubic metres of natural gas (BCM). [2][3] India imports 82% of its oil ...
The Hubbert peak theory says that for any given geographical area, from an individual oil-producing region to the planet as a whole, the rate of petroleum production tends to follow a bell-shaped curve. It is one of the primary theories on peak oil. Choosing a particular curve determines a point of maximum production based on discovery rates ...
Reserves and resource reporting. An oil or gas resource refers to known (discovered fields) or potential accumulations of oil and/or gas (i.e undiscovered prospects and leads) in the subsurface of the Earth's crust. All reserve and resource estimates involve uncertainty in volume estimates (expressed below as Low, Mid or High uncertainty), as ...
A huge mass of India's natural gas production comes from the western offshore regions, particularly the Mumbai High complex. The onshore fields in Assam, Tripura, Andhra Pradesh, Telangana and Gujarat states are also major producers of natural gas. As per EIA data, India produced 996 billion cubic feet (2.82 × 10 10 m 3) of natural gas in 2004 ...
Resource depletion is the consumption of a resource faster than it can be replenished. Natural resources are commonly divided between renewable resources and non-renewable resources. The use of either of these forms of resources beyond their rate of replacement is considered to be resource depletion. [1] The value of a resource is a direct ...
India was the third top crude oil consumer globally (4.8% of the world) with 221 Mt in 2017. India was the second-top net crude oil (including crude oil products) importer of 205.3 Mt in 2019. [19] India has 49.72 lakh (4.972 million) barrels per day (5.1% of the world) crude oil refining capacity which is ranked 4th globally in 2017. [8]