Oilfield

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

conservation

Oil & gas; Oilfield

Regulation of oil and/or gas production from a reservoir in order to prolong its life and hopefully recover a larger quantity of the oil or gas in place, reinjection of associated gas for future use.

depletion control

Oil & gas; Oilfield

A restriction imposed on the rate at which oil and gas reserves can be depleted, i e from reservoir.

rotliegendes

Oil & gas; Oilfield

Formations laid down during the first part of the Permian Period in which natural gas fields are sometimes found.

license block

Oil & gas; Oilfield

A section of continental shelf area in a particular national sector bounded by latitude and longitude lines, generally at one-degree intervals, a license block is usually sub-divided into smaller ...

license

Oil & gas; Oilfield

An authority to explore for or produce oil or gas in a particular area issued to a company by the governing state, see exploration license, production license.