However, the recovery of this gas presumes that there are the transportation […] Oil and gas wells produce a mixture of hydrocarbon gas, condensate or oil; water with dissolved minerals, usually including a large amount of salt; other gases, including nitrogen, carbon dioxide (CO 2), and possibly hydrogen sulfide (H 2 S); and solids, including sand from the reservoir, dirt, scale, and corrosion products from the tubing. Energy. This acts to lower the hydrostatic pressure at the bottom of the tubing, reducing its density. Pipeline – Straight Line Method using committed field/asset production life or UOP method utilizing Proved Developed Reserves (it could be for pipelines which are dedicated to a single producing asset/field). Lease Amortization, Amortization of proved reserve etc. This list is meant for indicative purposes only and should not be relied upon for anything but general information. ), RCR – Remote Component Replacement (Tool), REZ – Renewable Energy Zone (United Kingdom), RFCC – Ready for Commissioning Certificate, RFO – Ready for operations (pipelines/cables), RFR – Refer to Attached (Letter, Document, etc.). World ... (API) gravity scale. The terms upstream and downstream oil and gas production refer to an oil or gas company's location in the supply chain. Obviously, this list is not anywhere near exhaustive or definitive, but this should be the most comprehensive list anywhere. 3, Springer-Verlag, Heidelberg, 267–280. Note that these three sectors also correspond to the three major categories of activities of the oil and gas industry value chain. 12.5 or higher indicate a crude oil of predominantly paraffinic constituents, while 10 or lower indicate a crude of more aromatic nature. RHD – Rectangular Heavy Duty - usually screens used for shaking. Honeywell UOP, formerly known as UOP LLC or Universal Oil Products, is a multi-national company developing and delivering technology to the petroleum refining, gas processing, petrochemical production, and major manufacturing industries. Normal/Regular assets that are used i.e. ), PUQ – Production Utilities Quarters (Platform), PVTRE – Pressure Volume Temperature Report, PWD – Pressure While Drilling. There are five main types of fixed platform, ranging from the conventional fixed platform used at depths of up to 150m, to the tension leg platform that can be used at depths of 2000m. van Dijk, J.P. (1996); Fracture potential and domain mapping; a new technique applied to Maastrichtian-Danian chalk in Block 2/5 (Norway). FPO – Floating Production and Offloading - vessel with no or very limited (process only) on-board produced fluid storage capacity. spectrometry, density, etc. oil definition: 1. petroleum (= the black oil obtained from under the earth's surface from which petrol comes): 2…. ), boed – barrel(s) of oil equivalent per day, boepd – barrel(s) of oil equivalent per day, BOTTO – bottom hole pressure/temperature report, BPV – back pressure valve (goes on the end of coiled tubing a drill pipe tool strings to prevent fluid flow in the wrong direction), BRT – below rotary table (used as a datum for depths in a well), BSEE – US: Bureau of Safety and Environmental Enforcement, BTEX – benzene, toluene, ethyl-benzene and xylene, BTO/C – break to open/close (valve torque), bwd – barrels of water per day (often used in reference to, CAAF – Contract Authorization Approval Form, CAODC – Canadian Association of Oilwell Drilling Contractors, CART – cam-actuated running tool (housing running tool), CCL – casing collar locator (in perforation or completion operations, the tool provides depths by correlation of the casing string's magnetic anomaly with known casing features), CCLBD – Construction / Commissioning Logic Block Diagram, CCLTP – casing collar locator through tubing plug, CDRCL – compensated dual resistivity cal. chemistry, technology, lubricant. The oil and gas industry, also referred to as the petroleum industry, consists of all the various worldwide efforts to extract hydrocarbons from the earth, and process them into useful substances. TVDSS (True Vertical Depth Subsea), SSD – Sub Sea Level depth (in Metres or Feet, positive value in downwards direction with respect to the Geoid), SSSL – Supplementary Seismic Survey Licence (United Kingdom), a type of onshore licence, STG – Steam Turbine Generator (not to be confused with a GTG), STOIIP – Stock Tank Oil Initially In Place, STOP – Safety Training Observation Program, SURF – Subsea/Umbilicals/Risers/Flowlines, SUT(A/B) – Subsea Umbilical Termination (Assembly/Box), SWOT – Strengths, Weaknesses, Opportunities and Threats, TAGOGR – Thermally Assisted Gas/Oil Gravity Drainage, TCCC – Transfer of Care, Custody and Control, TCI – Tungsten Carbide Insert (a type of rollercone drillbit), TD – Total Depth (depth of the end of the well; also a verb, to reach the final depth, used as an acronym in this case), TDT GR – TDT Gamma Ray Casing Collar Locator Log, TGOR – Total Gas Oil Ratio (GOR uncorrected for, Thr/Th# – Thruster ('#'- means identification letter/number of the equipment i.e. van Dijk, J.P. (1993); Three-dimensional quantitative restoration of central Mediterranean Neogene basins. A company that provides products and/or services to the oil and gas industry. In: Chalk Geoscience Workshop. In: Spencer, A.M. There are many uses for NGLs, spanning nearly all sectors of the economy. Though it differs from organization to organization however the general practice noticed in this regard are enumerated below: Let’s look at how to achieve that in SAP: Standard SAP Asset Depreciation configurations are useful (some of the important transaction codes are highlighted below) to set up the system so that DD & A can be executed as required: The configuration menu path for the UOP is as follows: Period/Year wise number of units will be entered here for respective Company Code & Depreciation Key combination. PL006, 018, 067, 2–3 Dec 1996, NPD Stavanger, Extended Abstracts. Its primary uses are for blending into gasoline, for residential and commercial heating and for industrial uses. The term DD & A stands for Depreciation, Depletion & Amortization. Ethane, propane, butane, isobutane, and pentane are all NGLs (see table above). Capitalized Interest – Leasehold & Non – Leasehold. MM or mm – prefix designating a number in millions (or SI unit – millimetre), MMboe – million barrels of oil equivalent, MMboed – million barrels of oil equivalent per day, MMcf – million cubic feet (of natural gas), MMcfe – million cubic feet (of natural gas equivalent), MMcfge – million cubic feet (of natural gas equivalent), mmscfd – million standard cubic feet per day, MODU – Mobile Offshore Drilling Unit (Either of Jack-up Drill Rig or Semi-submersible Rig or Drill Ship), MOPU – Mobile Offshore Production Unit (to describe: Jack-up Production Rig, or Semi-submersible Production Rig, or Floating Production and or storage ship - See also FPO and FPSO definitions, MOT – Materials/Marine Offloading Terminal, MPQT – Manufacturing Procedure Qualification Test, MPS – Manufacturing Procedure Specification, MPSP — Maximum Predicted Surface Pressure, MRX – Magnetic resonance expert (wireline. Butane occurs naturally in crude oil and natural gas and is the product of a variety of refinery processes. borehole survey) MWD tool, PCDM – Power and Control Distribution Module, PCO – Pre-commission Preparations (pipeline), PDC – Polycrystalline Diamond Compact (a type of drilling bit), PDMS – Permanent Downhole Monitoring System, PDP – Proved Developed Producing (Reserves), PDPM – Power Distribution Protection Module, PEDL – Petroleum Exploration and Development Licence (United Kingdom), introduced in the 8th Onshore Licensing Round, PEFS – Process Engineering Flow Scheme (a confusing name for P&ID), PERC – Powered Emergency Release Coupling, PEX – Platform Express toolstring (resistivity, porosity, imaging), PON – Petroleum Operations Notice (United Kingdom), PP&A - Permanent Plug & Abandon (also P&A), PPC – Powered Positioning Caliper (Schlumberger dual-axis wireline caliper tool), PPI – Post Production Inspection/Intervention, pptf – Pounds (per square inch) Per Thousand Feet (of depth) – a unit of fluid density/pressure, PSIA – Pounds Per Square Inch Atmospheric, PSSR – Pressure Systems Safety Regulations (UK), PTA/S – Pipeline Termination Assembly/Structure, PTRO – Test rack opening pressure (For a gas lift valve), PTTC – Petroleum Technology Transfer Council, United States, PU – Pick Up (tubing, rods, power swivel, etc. ), CSI – Combinable Seismic Imager (VSP) log (Schlumberger), CST – Chronological Sample Taker log (Schlumberger), D&I – direction and inclination (MWD borehole deviation survey), DDM – Derrick drilling machine (a.k.a. This industry can be divided into a number of basic categories, such … UOP stands for Unit of Production (depreciation method) Suggest new definition This definition appears somewhat frequently and is found in the following Acronym Finder categories: reduction in the value however these terms are being used for different purposes. Generation, accumulation and production of Europe's hydrocarbons III. Companies in the oil … For example: Depletion for oil and gas wells i.e. To connect the Xmas Tree to the Manifold, HiPAP – High Precision Acoustic Positioning, HIPPS – High Integrity Pressure Protection System, HIRA – Hazard Identification and Risk Assessment, HNGS – flasked Hostile Natural Gamma-ray Spectrometry tool, HPAM - Partially Hydrolyzed Polyacrylamide, HPHT – High-Pressure High Temperature (same as HTHP), HRLA – High-Resolution Laterolog Array (resistivity logging tool), HTHP – High-Temperature High Pressure (same as HPHT), HWDP – Heavy-Weight Drill Pipe (sometimes spelled Hevi-Wate), HUET – Helicopter Underwater Escape Training, HVAC – Heating, Ventilation and Air-Conditioning, ICoTA – Intervention and Coiled Tubing Association, ICC – Isolation Confirmation (or Control) Certificate, ICEX;IECEx – International Electrotechnical Commission System for Certification to Standards relating to equipment for use in Explosive Atmospheres (EEHA), ICSS – Integrated Controls and Safety System, ICSU – Integrated Commissioning and Start-Up, ICV – Integrated Cement Volume (of Borehole)(in Cubic Metres), ID – Inner or Internal Diameter (of a tubular component such as a, IHEC – Isolation of Hazardous Energy Certificate, IHUC – Installation, Hook-Up and Commissioning, IHV – Integrated Hole Volume (of Borehole) (in Cubic Metres), IMPP – Injection Molded Polypropylene Coating System, IOM – Installation, Operation and Maintenance Manual, ISFP – ISF Sonic True Vertical Depth Playback Log, ISFPB – ISF True Vertical Depth Playback Log. The oil & gas industry is broken down into three segments: upstream, midstream, and downstream. You can also call and discuss your requirements with our gas oil … Other people might have an idea. UOP. Natural gas liquids (NGLs) are hydrocarbons—in the same family of molecules as natural gas and crude oil, composed exclusively of carbon and hydrogen. Petroleum reservoirs are broadly classified as conventional and unconventional reservoirs. log, CDF – Core contaminated by drilling fluid, CHCNC – CHCNC gamma ray casing collar locator, CHECK – checkshot and acoustic calibration report, CHESM – contractor, health, environment and safety management, CHK - choke (a restriction in a flowline or a system, usually referring to a production choke during a test or the choke in the well control system), CHOPS – Cold Heavy Oil Production with Sand, CHP – casing hanger pressure (pressure in an, CHOTO – Commissioning, Handover & Takeover, CITHP – closed-in tubing head pressure (tubing head pressure when the well is shut in), CNFDP – CNFD true vertical-depth playback log, CNCF – field-normalised compensated neutron porosity, CO – change out (ex. The K factor or characterization factor is a systematic way of classifying a crude oil according to its paraffinic, naphthenic, intermediate or aromatic nature.