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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

unconformity trap

Oil & gas; Oilfield

A trap in which the escape of hydrocarbons is prevented by impervious rocks unconformably overlying the reservoir.

salt pillow trap

Oil & gas; Oilfield

A form of anticlinal trap produced by a pillow of salt forcing the overlying rocks upwards into a dome.

salt dome trap

Oil & gas; Oilfield

A trap produced by an impervious salt dome.

fault trap

Oil & gas; Oilfield

A trap where a reservoir layer is faulted and brought against an impervious formation.

landed price

Oil & gas; Oilfield

The actual cost of oil to a refiner, taking into account all costs from the place of production or purchase to the refinery.

exploration phase

Oil & gas; Oilfield

The phase of operations in which a company searches for oil or gas by carrying out detailed geological and geophysical surveys followed up where appropriate by exploratory ...

stratigraphic trap

Oil & gas; Oilfield

A trap formed at the time the sediments containing it were actually laid down rather than by subsequent tectonic processes.