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The terms hydrocarbon accounting and allocation are sometimes used interchangeably. [2] [3] Hydrocarbon accounting has a wider scope, taking advantages of allocation results, it is the petroleum management process by which ownership of extracted hydrocarbons is determined and tracked from a point of sale or discharge back to the point of ...
NHDA – National Hydrocarbons Data Archive (United Kingdom) NHPV – net hydrocarbon pore volume; NL-NG – No loss-no gain; NMDC – non-magnetic drill collar; NMHC – non-methane hydrocarbons; NMR – nuclear magnetic resonance kog; NMVOC – non-methane volatile organic compounds; NNF – normally no flow; NNS – northern North Sea; NOISL ...
The world consumes 36 billion barrels (5.8 km 3) of oil per year, [1] with developed nations being the largest consumers. The United States consumed 18% of the oil produced in 2015. [ 2 ] The production, distribution, refining, and retailing of petroleum taken as a whole represents the world's largest industry in terms of dollar value.
Hydrocarbon price volatility, particularly in the context of hydrocarbon economies, is a complex phenomenon impacted by a confluence of geopolitical, economic, and market factors. The period between 2010 and 2014, where hydrocarbon prices hovered around USD 100 per barrel, followed by a dramatic decline in 2016 to about USD 30 per barrel ...
Flaring a flow test, the first outward indication of a new oil or gas discovery, which has the potential to qualify for reserves assessment. Oil and gas reserves denote discovered quantities of crude oil and natural gas (oil or gas fields) that can be profitably produced/recovered from an approved development.
Proven reserves are a subset of producible reserves. Proven reserves (also called measured reserves, 1P, and reserves) is a measure of fossil fuel energy reserves, such as oil and gas reserves and coal reserves.
Natural gasoline is a liquid hydrocarbon mixture condensed from natural gas, similar to common gasoline (petrol) derived from petroleum.. The chemical composition of natural gasoline is mostly five- and six-carbon alkanes (pentanes and hexanes) with smaller amounts of alkanes with longer chains. [1]
Evaluation of the source uses the methods of geochemistry to quantify the nature of organic-rich rocks [1] which contain the precursors to hydrocarbons, such that the type and quality of expelled hydrocarbon can be assessed. The reservoir is a porous and permeable lithological unit or set of units