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

estimated ultimate recovery

Oil & gas; Oilfield

The amount of oil and gas expected to be economically recovered from a reservoir or field by the end of its producing life. Estimated ultimate recovery can be referenced to a well, a field, or a ...

foreign content

Oil & gas; Oilfield

The amount of foreign personnel, material and services that working interest owners are permitted to employ, as defined under the terms of a concession when drilling and operating a well.

proration unit

Oil & gas; Oilfield

The amount of acreage, determined by governmental authority that can be efficiently and economically drained by a well at a particular depth or horizon.

borehole correction

Oil & gas; Oilfield

The amount by which a log measurement must be adjusted in order to remove the contribution of the borehole. Although most log measurements are designed to pick up a minimum of signal from the ...

Distortions in the reservoir response due to wellbore storage. The characteristic trends are an early unit slope trend with pressure change and the derivative overlain on the log-log plot, followed ...

limestone-compatible scale

Oil & gas; Oilfield

Display ranges chosen for the density and neutron porosity logs such that the two curves will overlay at all porosity values providing the matrix is pure calcite and the pores are filled with fresh ...

environmental corrections

Oil & gas; Oilfield

The adjustments that must be made to log measurements to bring them back to the standard conditions for which the tool has been characterized. Different measurements require different corrections. ...