Geology
*Explain the concept of exploration success Apparently there is no singular definition of exploration success however we can give a general idea with the following statements: · There are hydrocarbons in…
Petroleum Economics – Uncertainty and Risk
Introduction *Explain the difference between uncertainty and risk, in the context of investment Uncertainty relates to a lack of knowledge about future events. There’s a quote from one of the…
Numerical Methods in Reservoir Simulation Learning Objectives
*Write down from memory simple finite difference expressions for derivatives etc. Define the meaning of the forward difference, the backward difference and the central difference and the order of the…
Gridding and Well Modelling Learning Objectives
*Understand and be able to describe the basic idea of gridding and of spatial and temporal discretization Gridding is the process of dividing the entire reservoir up into small spatial…
Reservoir Simulation Model Setup Learning Objectives
*Identify what data is required as input to perform the desired calculations Most data files will be separated into the following areas: · Model dimensions · Grid and rock properties · Fluid properties…
Petroleum Economics – Evaluation Methods
*Define an asset Assets are an item of value that provide positive value to an owner. They can be tangible objects such as land or equipment or intangible such as…
Petroleum Economics
*Describe general financial aspects of the petroleum industry General financial aspects of the petroleum industry. Basically there is an opportunity to profit. Companies are formed to exploit reserves, they perform…
Alternative Careers For Petroleum Engineers
With oil prices at historical lows and companies laying off employees, for some of us it might be time to consider a different career path. There are plenty of alternative…
Natural Gas Testing
Natural gas testing and analysis expertise. Intertek laboratories provide natural gas quality and component analysis. Natural gas testing includes the analysis of conventional and shale gas, LNG, and other hydrocarbon…
Pipeline Contamination Testing
Pipeline contamination analysis, identification, and testing Pipeline contamination and unknown deposits occur in crude oil, petroleum, natural gas, fuel, and chemical pipelines. When pipeline contamination occurs operations can be disrupted,…
