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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

relinquishment requirement

Oil & gas; Oilfield

An arrangement whereby oil companies give up their license rights in unexplored concessions after a given period of time.

flare

Oil & gas; Oilfield

An open flame used to burn off unwanted gas.

oil trap

Oil & gas; Oilfield

Geological structure of any type which traps migrating hydrocarbons, thereby causing an oil field to form.

block number

Oil & gas; Oilfield

The number assigned to a particular license block or subdivision thereof in a given national sector of the continental shelf.

obligatory wells

Oil & gas; Oilfield

Exploration wells that an operator undertakes to drill in a given area as a condition for being allocated an exploration license.

process engineering

Oil & gas; Oilfield

That branch of engineering which deals with industrial processes, particularly the production of petrochemicals and their products.

production phase

Oil & gas; Oilfield

The phase in the life of a field in which oil or gas is produced.