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

arithmetic mean

Oil & gas; Oilfield

A mathematical method of finding a central value for a group of data. It is most often referred to as the average but also as the mean. The arithmetic mean is the sum of all the observed values ...

midrange

Oil & gas; Oilfield

A mathematical method of finding a central value for a group of data. The midrange is defined as the sum of the lowest value in the data set and the highest value if the data set divided by two.

A mathematical procedure for connecting data points with a smooth line. The line does not necessarily go through the data points, but its direction and curvature are affected by all the data points. ...

greedy algorithm

Oil & gas; Oilfield

A mathematical procedure used to improve computer usage in simulated annealing runs. The procedure uses a fast swapping technique to match model semivariograms to actual semivariogram data.

superposition in space

Oil & gas; Oilfield

A mathematical computation that accounts for production from multiple wells. Image wells are used to model the effect of impermeable barriers.

dielectric

Oil & gas; Oilfield

A material used in a capacitor to store a charge from an applied electrical field. A pure dielectric does not conduct electricity.

squeeze manifold

Oil & gas; Oilfield

A manifold connected within the surface treating lines that is configured to enable control and routing of fluids during a squeeze operation. Most squeeze manifolds have treating line connections ...