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Component allocation: while the term product allocation is used to allocate the primary product groups like oil, gas or condensate ingredients (phase fractions) to a contributing well for instance, [14] component allocation breaks down and allocate individual alkane hydrocarbons like methane and ethane, to 3 isomers pentanes in a natural gas ...
Custody Transfer in the oil and gas industry refers to the transactions involving transporting physical substance from one operator to another. This includes the transferring of raw and refined petroleum between tanks and railway tank cars; onto ships, and other transactions.
Allocution (law), or allocutus, is a formal statement made to the court; Allocation (oil and gas) in hydrocarbon accounting to assign the proper portions of aggregated petroleum and gas flows back to contributing sources
The United States is divided into five Petroleum Administration for Defense Districts, or PADDs.These were created during World War II under the Petroleum Administration for War to help organize the allocation of fuels derived from petroleum products, including gasoline and diesel (or "distillate") fuel.
On Tuesday, Goldman Sachs reportedly stated AI could lower oil prices over the next decade by reducing costs and increasing recoverable resources, boosting supply. The bank says that AI’s impact ...
Reservoir engineering is a branch of petroleum engineering that applies scientific principles to the fluid flow through a porous medium during the development and production of oil and gas reservoirs so as to obtain a high economic recovery. The working tools of the reservoir engineer are subsurface geology, applied mathematics, and the basic ...
Today's term: asset allocation. In the most basic sense, asset allocation is simply how one's assets are divided among different asset classes, such as cash, stocks, bonds, real estate, and so on ...
RSPP – a publicly-traded oil and gas producer focused on horizontal drilling of multiple stacked pay zones in the oil-rich Permian basin [citation needed] [clarification needed] RSS – rig site survey; RSS – rotary steerable systems; RST – reservoir saturation tool (Schlumberger) log; RTMS – riser tension monitoring system
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