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Oil & gas

Terms concerning oil and gas as a fossil fuel and natural resource.

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Oil & gas > Oilfield

contact angle

Oil & gas; Oilfield

The angle of intersection of the interface between two fluids at a solid surface. It is measured from the solid surface through the water phase, or in an oil and gas test through ...

pressure-drawdown analysis

Oil & gas; Oilfield

The analysis of pressure-transient behavior observed while the well is flowing. Results are generally much less accurate than those from pressure buildup tests because the ...

pressure-transient analysis

Oil & gas; Oilfield

The analysis of pressure changes over time, especially those associated with small variations in the volume of fluid. In most well tests, a limited amount of fluid is allowed to ...

retention time

Oil & gas; Oilfield

The amount of time a liquid stays in a vessel. The retention time assures that equilibrium between the liquid and gas has been reached at separator pressure. The retention time in ...

profit oil

Oil & gas; Oilfield

The amount of production, after deducting cost oil production allocated to costs and expenses, that will be divided between the participating parties and the host government under ...

uncertainty

Oil & gas; Oilfield

Result of the evaluation aimed at characterizing the range within which the true value of a quantity is estimated to lie, generally with a given likelihood. (ISO) The uncertainty ...

local content

Oil & gas; Oilfield

The amount of local personnel, material and services that working interest owners are required to employ when drilling and operating a well, as specified under the terms of a ...