Oilfield

Oilfield

Oilfield refers to a region with an abundance of oil wells extracting petroleum from below the ground.

Industry: Oil & gas

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Oilfield

decantation

Oil & gas; Oilfield

Separation of a solid from a liquid, or a liquid from a solid, by sucking, pumping or pouring the liquid away without disturbing the solid or liquid which has settled below Decompression.

proven field

Oil & gas; Oilfield

An oil and/or gas field whose physical extent and estimated reserves have been determined.

magnetometer survey

Oil & gas; Oilfield

A geological survey method in which sedimentary basins are identified and their size determined by measuring the magnetic properties of the underlying igneous rocks.

marginal field

Oil & gas; Oilfield

A field that may or may not produce enough net income to make it worth developing at a given time, should technical or economical conditions change, such a field may subsequently become commercial.

The estimated quantities of hydrocarbons which geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known oil and gas reservoirs under existing ...

petroleum engineer

Oil & gas; Oilfield

The engineer who is responsible for the overall strategy of oil and gas drilling and production operations for a particular field.

license round

Oil & gas; Oilfield

A stage in the allocation of offshore licenses in which a state places a number of specified areas in its sector on offer to oil companies at one time.