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The gas/oil ratio (GOR) is the ratio of the volume of gas ("scf") that comes out of solution to the volume of oil — at standard conditions. In reservoir simulation gas/oil ratio is usually abbreviated . A point to check is whether the volume of oil is measured before or after the gas comes out of solution, since the remaining oil volume will ...
The steam to oil ratio is a measure of the water and energy consumption related to oil production in cyclic steam stimulation and steam assisted gravity drainage oil production. SOR is the ratio of unit of steam required to produce unit of Oil. The typical values are three to eight and two to five respectively. This means two to eight barrels ...
Intelligent well: An oil or gas well equipped with monitoring equipment and completion components that allow for automatic or remote optimization of production. Joint: A length of pipe. Kelly: A square or hexagon pipe ( Approximately 40 ft. long ) used to turn the drill string while drilling.
Production fluid. Production fluid, or well fluid, is the fluid mixture of oil, gas and water in formation fluid that flows to the surface of an oil well from a reservoir. Its consistency and composition varies. Fluids may be described by a multitude of characteristics including: Water cut - the proportion of the fluid, which is water rather ...
AGT – (1) agitator, used in drilling. AGT – (2) authorised gas tester (certified by OPITTO) AGT – (3) Azerbaijan – Georgia – Turkey (a region rich in oil related activity) [3] AHBDF – along hole (depth) below Derrick floor. AHD – along hole depth. AHU – air handling unit. AICD – autonomous inflow control device.
Reservoir engineers could use the map as a part of their well drill planning. Reservoir engineering is a branch of petroleum engineering that applies scientific principles to the fluid flow through a porous medium during the development and production of oil and gas reservoirs so as to obtain a high economic recovery.
Oil depletion. Oil depletion is the decline in oil production of a well, oil field, or geographic area. [1] The Hubbert peak theory makes predictions of production rates based on prior discovery rates and anticipated production rates. Hubbert curves predict that the production curves of non-renewing resources approximate a bell curve.
In this way, Canada's proven reserves increased suddenly in 2003 when the oil sands of Alberta were seen to be economically viable. Similarly, Venezuela 's proven reserves jumped in the late 2000s when the heavy oil of the Orinoco Belt was judged economic.