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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

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 ...

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 ...

proven reserves

Oil & gas; Oilfield

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 ...

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.