28 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
contact angle
Oil & gas; Oilfield
The angle of intersection of the interface between two fluids at a solid surface. It is measured from the solid surface through the water phase, or in an oil and gas test through the oil phase. A ...
pressure-drawdown analysis
Oil & gas; Oilfield
The analysis of pressure-transient behavior observed while the well is flowing. Results are generally much less accurate than those from pressure buildup tests because the bottomhole pressure ...
pressure-transient analysis
Oil & gas; Oilfield
The analysis of pressure changes over time, especially those associated with small variations in the volume of fluid. In most well tests, a limited amount of fluid is allowed to flow from the ...
retention time
Oil & gas; Oilfield
The amount of time a liquid stays in a vessel. The retention time assures that equilibrium between the liquid and gas has been reached at separator pressure. The retention time in a separator is ...
profit oil
Oil & gas; Oilfield
The amount of production, after deducting cost oil production allocated to costs and expenses, that will be divided between the participating parties and the host government under the production ...
uncertainty
Oil & gas; Oilfield
Result of the evaluation aimed at characterizing the range within which the true value of a quantity is estimated to lie, generally with a given likelihood. (ISO) The uncertainty is the amount of ...
local content
Oil & gas; Oilfield
The amount of local personnel, material and services that working interest owners are required to employ when drilling and operating a well, as specified under the terms of a concession agreement.
