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
relinquishment requirement
Oil & gas; Oilfield
An arrangement whereby oil companies give up their license rights in unexplored concessions after a given period of time.
block number
Oil & gas; Oilfield
The number assigned to a particular license block or subdivision thereof in a given national sector of the continental shelf.
obligatory wells
Oil & gas; Oilfield
Exploration wells that an operator undertakes to drill in a given area as a condition for being allocated an exploration license.
process engineering
Oil & gas; Oilfield
That branch of engineering which deals with industrial processes, particularly the production of petrochemicals and their products.
production phase
Oil & gas; Oilfield
The phase in the life of a field in which oil or gas is produced.
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