Production, crude oil

Production, crude oil
  The volumes of crude oil that are extracted from oil reservoirs. These volumes are determined through measurement of the volumes delivered from lease storage tanks or at the point of custody transfer, with adjustment for (1) net differences between opening and closing lease inventories and (2) basic sediment and water. Crude oil used on the lease is considered production.
  U.S. Dept. of Energy, Energy Information Administration's Energy Glossary

Energy terms . 2014.

Игры ⚽ Поможем сделать НИР

Look at other dictionaries:

  • Crude oil washing — (COW) is washing out the residue from the tanks of an oil tanker using the crude oil cargo itself, after the cargo tanks have been emptied. Crude Oil is pumped back and preheated in the slop tanks, then sprayed back via high pressure nozzles in… …   Wikipedia

  • Crude Oil (film) — Crude Oil Directed by Wang Bing Editing by Guo Hengqi Distributed by Wil Productions Release date(s) …   Wikipedia

  • Crude oil assay — A crude oil assay is essentially the chemical evaluation of crude oil feedstocks by petroleum testing laboratories. Each crude oil type has unique molecular, chemical characteristics. No crude oil type is identical and there are crucial… …   Wikipedia

  • Crude oil production —   The volume of crude oil produced from oil reservoirs during given periods of time. The amount of such production for a given period is measured as volumes delivered from lease storage tanks (i.e., the point of custody transfer) to pipelines,… …   Energy terms

  • Benchmark (crude oil) — Crude oil benchmarks, also known as oil markers, were first introduced in the mid 1980s. There are three primary benchmarks, WTI, Brent Blend, and Dubai. Other well known blends include the Opec basket used by OPEC, Tapis Crude which is traded in …   Wikipedia

  • Heavy crude oil — or Extra Heavy oil is any type of crude oil which does not flow easily. It is referred to as heavy because its density or specific gravity is higher than of light crude oil. Heavy crude oil has been defined as any liquid petroleum with an API… …   Wikipedia

  • Light crude oil — is liquid petroleum that has a low density and flows freely at room temperature.[1] It has a low viscosity, low specific gravity and high API gravity due to the presence of a high proportion of light hydrocarbon fractions.[2] It generally has a… …   Wikipedia

  • Oil depletion — per major producing country. This model assumes world oil depletion remains constant at the 2004 level of 80 million barrels per day.[1] However, world oil depletion is currently (as of 2008) at 85 million barrels per day …   Wikipedia

  • Manure-derived synthetic crude oil — is a synthetic crude oil chemically engineered (converted) from animal or human manure. Research into the production of manure derived synthetic crude oil began with pig manure in 1996 at the University of Illinois at Urbana Champaign by the… …   Wikipedia

  • Chart of exports and production of oil by nation — The chart below shows the millions of barrels of crude oil and related products (refined diesel and gasoline, LPG, etc.) traded per day, on average, in 2006, by leading producers. Nations with negative net exports are net importers in the oil and …   Wikipedia

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”