20 Terms
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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
rental payment
Oil & gas; Oilfield
An annual payment made by an oil company to a State in order to retain rights in a particular concession.
possible reserves
Oil & gas; Oilfield
Undeveloped oil and/or gas reserves which best engineering judgement indicates might eventually be recoverable from undrilled or untested structures.
pinch-out trap
Oil & gas; Oilfield
A trap where a bed or reservoir rock gets progressively thinner as it nears an impervious area and eventually disappears.
geosyncline
Oil & gas; Oilfield
A large sedimentary basin in which extremely deep layers of sediments have accumulated over a long period of time.
gravimetric survey
Oil & gas; Oilfield
A geological survey method in which measurements of the variations in the surface gravitational field are used to determine the nature of the underlying rocks.
blanketing
Oil & gas; Oilfield
To replace the air in or around process equipment with an inert gas, such as nitrogen, to reduce oxidation, explosion or fire hazards.
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