Petroleum & Gas Engineering

Oil and Gas Development Company Limited (OGDCL) is a state corporation of Pakistan. In addition to its extensive multi-client database in the Gulf of Mexico Shelf and Permian Basin, the company continues to expand licensing coverage in the Lower 48 through focused investment and strategic acquisition of existing multi-client libraries. Energy extracted from the sea by wave energy devices along with those driven by underwater currents are becoming more popular as research and development continues. Typical examples of alternative energy are wind power and solar power. These oil sands resources are called unconventional oil to distinguish them from oil which can be extracted using traditional oil well methods. Crude oil may also be found in semi-solid form mixed with sand and water, as in the Athabasca oil sands in Canada, where it is usually referred to as crude bitumen. In Canada, bitumen is considered a sticky, tar-like form of crude oil which is so thick and heavy that it must be heated or diluted before it will flow.

A significant amount of geological, structural and seismic investigation must first be completed to redefine the potential hydrocarbon drill location from a lead to a prospect. Hydrocarbon in Place – amount of hydrocarbon likely to be contained in the prospect. Recoverable hydrocarbons – amount of hydrocarbon likely to be recovered during production. A description on each refinery is provided indicating the end products, charged and production capacity. An oil refinery is an industrial process plant where crude oil is processed and refined into more useful petroleum products, such as gasoline, diesel fuel, asphalt base, heating oil, kerosene, and liquefied petroleum gas. Management, planning, and regulatory decisions for water, oil, and gas are largely made at the state-level; therefore, it is necessary to aggregate water use and energy production data at the state-scale. The most commonly used radioactive element for the nuclear energy is Uranium. U.S. Energy Stream will organize the 8th Mediterranean Oil and Gas Forum 2017 on 1 & 2 March, 2017, at the Hilton Cyprus in Nicosia, Cyprus.

The 8th Mediterranean Oil & Gas Forum 2017 will bring together government and energy leaders to promote American and European energy investments in Cyprus and Eastern Mediterranean. It is an annual commercial platform that was inaugurated 8 years ago by the leading Energy Ministers of the region. The recent upstream gas discoveries in Cyprus, Israel, and Egypt and Lebanon reflect the future growth of hydrocarbons in the region. In closing, the Eagle Ford and TMS will continue to drive our low volume growth for 2013 and beyond. Compression ratio requires to be lowered usually by fitting low compression pistons. High risk prospects have a less than 10% chance of working, medium risk prospects 10-20%, low risk prospects over 20%. Typically about 40% of wells recently drilled find commercial hydrocarbons. This allows us to spread risk. Oil reserves are primarily a measure of geological risk – of the probability of oil existing and being producible under current economic conditions using current technology.

In the reservoir it is usually found in association with natural gas, which being lighter forms a gas cap over the petroleum, and salinawaterwhich, being heavier than most forms of crude oil, generally sinks beneath it. Possible reserves – i.e “having a chance of being developed under favourable circumstances” – Some industry specialists refer to this as P10 – i.e having a 10% certainty of being produced. 46,000. Growing positions include systems analysts, software engineers, and support specialists. They positions offer a lot of potential to women. A prospect is a potential trap which geologists believe may contain hydrocarbons. Five elements have to be present for a prospect to work and if any of them fail neither oil nor gas will be present. This is especially true for companies that deferred maintenance beginning in 2014. As rising levels of activity put stress on production equipment, unplanned outages will harm the industry. The possibility is there that OPEC will discuss a cut in production if oil prices keep slipping amidst the bad news coming from the world economy. The technological development will help in keeping our products and exports competitive in the world market.

Fuel cells can also help provide electricity by working with large power plants to become more decentralized and increase efficiency. However, with Internet connection, directory listings can be updated on a regular basis, company websites can be visited, and emails can be sent directly to a listing. In 2005, the company reported a turnover of Rs.96,755 million. On May 4th, 2006 the government of Pakistan appointed a Citigroup-led consortium to advise the state-run Privatisation Commission on the sale of 10 to 15 per cent (or 430 to 645 million shares) of the company. In 1997, OGDCL was converted into a public limited company. OGDCL is the second Pakistani company to have been listed at the London Stock Exchange. By 1966, OGDCL had emerged as the dominant prospector in Pakistan with several significant discoveries in the Indus Basin. With its broad scope, Scandinavian Oil-Gas Magazine provides you with a unique window to the global oil and gas industry in an era of continuing change and maturity in the industry.