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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 ...
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.
Hydrocarbons that comprise refined petroleum are resistant to biodegradation and have been found to remain present in contaminated soils for years. [40] To hasten this process, bioremediation of petroleum hydrocarbon pollutants is often employed by means of aerobic degradation. [ 41 ]
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 ...
In the fossil fuel industries, hydrocarbon refers to naturally occurring petroleum, natural gas and coal, or their hydrocarbon derivatives and purified forms. Combustion of hydrocarbons is the main source of the world's energy. Petroleum is the dominant raw-material source for organic commodity chemicals such as solvents and polymers.
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 critical moment is crucial since it is based on the burial history of the source rock when it is at maximum burial depth. This is when most of the hydrocarbons are generated. Approximately 50%-90% petroleum is made and expelled at this point. The next step is the hydrocarbons entering the oil window.
In contractual systems, the state retains its ownership to hydrocarbon resources. A commercial entity, the contractor company, is being engaged to extract petroleum according to some contract. The countries using this type of systems, often have their state-owned oil company to represent the interests of the state.