15C-1 The Lease Pumper’s Handbook Chapter 15 Enhancing Oil Recovery Section C SECONDARY RECOVERY C-1. Secondary Recovery. In simple terms‚ secondary recovery is the addition of basic water flood or gas flood (i.e.‚ pressure maintenance) as a continuous force. Secondary recovery methods should be introduced very early in the life of a field while the income and profits from the wells are high enough to pay for the additional equipment and installation costs. As noted in the following sections‚ there
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at Norsk Petroleum Norsk Petroleum is a leading gas and oil exploration company based in Oslo‚ Norway. It employs 2564 people‚ and its business operations comprise the exploration‚ production and marketing of crude oil‚ natural gas and natural gas liquids. In 2007 most of its business was conducted in Norway and Canada‚ although its interests included ventures in West Africa‚ Australia‚ the Gulf of Mexico and Venezuela. When Usa Bohm‚ the human resources director for Norsk Petroleum‚ read an
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Detail of Company: SapuraKencana PETROLEUM ( Kencana Fabrication Yard) Kencana Marine Sdn. Bhd. Plot D1‚ Lumut Port Industrial Park‚ Kampung Acheh‚ Mukim of Lumut Daerah Manjung‚ 32000 Setiawan‚ PerakDarul Ridzuan‚ Malaysia. Date of visit: The interview was done at Marine Island‚ 11/03/2013 (Monday) Nature of business: SapuraKencana Petroleum Berhad provides integrated oil and gas services and solutions. The company engages
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Russia faces today with petroleum. The petroleum industry that Russia inherited from the Soviet Union has helped keep Russia afloat. However‚ the over reliance on the petroleum industry also makes Russia very susceptible to the economic downturns and keeps Russia from growing in other sectors. During the recent recession‚ Russia was one of the countries that were hardest hit. This is due to the fact that thirty percent of Russia’s Gross Domestic Product (GDP) comes from petroleum revenues and forty
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Ryerson University | ExxonMobil and The Chad/Cameroon Pipeline: Case Analysis | By: Nirpaal Saggu | Professor: Jian GuanSection: GMS802-021 | Student ID: 500332344 | 8/3/2013 | | The case titled “ExxonMobil and the Chad/Cameroon Pipeline”‚ examines two large oil businesses merging together to finish an immense development project which spanned for approximately 25 to 30 years. In 1998‚ both Exxon and Mobil both respectively saw great success as major companies at the time with each
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Porters Five Forces: (Petroleum Industry) Supplier Power: Strong The equipment manufacturers are small in number‚ yet large in size. Therefore‚ a high demand from the oil and natural gas companies has naturally given them an advantageous position within the sector. Their highly diversified product portfolio has continued to emphasize their strong bargaining power with the oil and natural gas companies. Due to the specialized nature of the suppliers‚ finding an alternative supplier is difficult
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The oil and gas industry or the petroleum industry is one of the most talked about industries today. Petroleum is used by many people all around the world and has become an important part of everyone’s routine. The industry also plays a significant role in the global economy. As most people know‚ Indonesia has a long and successful history in oil and gas production. Indonesian oil production is second only to China in the Asia Pacific region while the gas production is second to none. The industry
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APES chapter 17 Multiple Choice Identify the letter of the choice that best completes the statement or answers the question. ____ 1. If the annual consumption of petroleum in the United States is about 23 barrels per capita‚ the total annual consumption of petroleum in the United States is closest to a. 12 million barrels b. 240 million barrels c. 2 billion barrels d. 7 billion barrels e. 10 billion barrels ____ 2. The majority of atmospheric mercury is produced by a. medical
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downstream sector encompasses the refining‚ storage‚ distribution and marketing of petroleum products: • Refining Process: Crude oil is processed and refined into more useful products; • Storage: The products from the refining process are stored at depots via pipeline‚ land (trucks & rail) and sea (barge/vessel). These storage facilities are also called tank farms or terminals • Distribution and Marketing: Petroleum products are distributed from storage locations to the end-user directly or through
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Revenue‚ Capex‚ Opex 3 Reserves 3 Sunk costs: 3 Opportunity Costs: 3 Royalty‚ Tax‚ Ring fencing 4 Types of Petroleum Fiscal Regimes 4 Net Cash Flow 4 Concessionary system vs. Production Sharing contracts 5 Going Internation – Bidding Process 5 Economic Modelling 6 Production Costs 7 Wildcat 7 What is the wild cat success ratio? And what are the considered factors? 7 Depreciation 8 Abandonment 8 Goodwill‚ Leases‚ Ringfencing 9 Volatility of Crude Oil 9 Volatility of Gas 10 Forecasting 10 Opportunity
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