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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
A drilling rig is used to create a borehole or well (also called a wellbore) in the earth's sub-surface, for example in order to extract natural resources such as gas or oil. During such drilling, data is acquired from the drilling rig sensors for a range of purposes such as: decision-support to monitor and manage the smooth operation of ...
WITSML is a standard for transmitting technical data between organisations in the petroleum industry. It continues to be developed by an Energistics facilitated Special Interest Group to develop XML standards for drilling, completions, and interventions data exchange. Organizations for which WITSML is targeted include energy companies, service ...
Logging while drilling (LWD) is a technique of conveying well logging tools into the well borehole downhole as part of the bottom hole assembly (BHA).. Although the terms Measurement while drilling (MWD) and LWD are related, within the context of this section, the term MWD refers to directional-drilling measurements, e.g., for decision support for the smooth operation of the drilling, while ...
The three most quoted oil products are North America's West Texas Intermediate crude (WTI), North Sea Brent Crude, and the UAE Dubai Crude, and their pricing is used as a barometer for the entire petroleum industry, although, in total, there are 46 key oil exporting countries. Brent Crude is typically priced at about $2 over the WTI Spot price ...
An oil tanker taking on fuel, or "bunkering" Fuel oil is any of various fractions obtained from the distillation of petroleum (crude oil). Such oils include distillates (the lighter fractions) and residues (the heavier fractions). Fuel oils include heavy fuel oil (bunker fuel), marine fuel oil (MFO), furnace oil (FO), gas oil (gasoil), heating oils (such as home heating oil), diesel fuel, and ...
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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. It is defined as the "quantity of energy sources estimated with reasonable certainty, from the analysis of geologic and engineering data, to be recoverable from well established or known ...