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License round

British Gas Corporation (BGC) | Drilling contractor | Wet natural gas | Pinch-out trap | Geothermal gradient | Deadweight tonnage | Primary recovery | Accomodation platform, rig | Recoverable reserves | Carboniferous Period |


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a stage in the allocation of offshore

licenses in which a state places a number

of specified areas in its sector on

offer to oil companies at one time

Bill of lading

a document which is receipt for cargo

received on board and is evidence of the

contract between shipper and shipowner

It is also evidence of title to the goods

described on it

 

Conservation

regulation of oil and/or gas production

from a reservoir in order to prolong its life

and hopefully recover a larger quantity of

the oil or gas in place, reinjection of associated

gas for future use

 

 

Consortium

a group of unrelated companies who act

together in a particular venture

 

 

Continental shelf

the edge of a continental mass that lies

under the sea in comparatively shallow

water (up to a water depth of 200 meters)

 

Depletion control

a restriction imposed on the rate at which

oil and gas reserves can be depleted, i e

from reservoir

 

Wellhead

the control equipment fitted to the top of

a well casing, incorporating outlets,

valves, blowout preventers, etc

 

Concession

a license area that is leased to a company

for a given period for exploration and

development under specified terms

and conditions

 

Corrosion

the progressive breakdown of a metal

structure by chemical or electrolytic

attack, e g rusting

 

 

Recovery factor

the ratio of recoverable oil and/or gas

reserves to the estimated oil and/or gas

in place in the reservoir

 

 

Edge water

water underlying and/or marginal to an oil

or gas reservoir

 

Crane barge

a barge that carries a large crane (or

cranes) for use in assembling or repairing

offshore structures

 

 

Rotliegendes

formations laid down during the first part

of the Permian Period in which natural

gas fields are sometimes found

 

 

Cracking

the process whereby hydrocarbon

molecules of high molecular weight are

broken down to lighter molecules

 

Critical temperature

the maximum temperature at which a gas

can be liquefied, i e the temperature

above which a liquid cannot exist

 

 

Crown

the uppermost section of a derrick

 

Crown block

the fixed system of pulleys fitted at the

top of a derrick for use in raising and lowering

the drill string, casing, etc

 

 

Very large crude carrier (VLCC)

a large ocean-going tanker, over 200,000

metric tons deadweight used to transport

crude oil from its source to a transhipment

storage facility or directly to a refinery

 

Cubic loot

the standard unit used to measure quantity

of gas (at atmospheric pressure),

1 cubic foot = 0 0283 cubic meters

 

 

Manway

a port in the wall or cove of a tank or

reactor, for inspection purposes or for

charging the vessel with raw materials

or additives

 

Light crude

crude oil with a low specific gravity

and high API gravity due to the

presence of a high proportion of light

hydrocarbon fractions

 


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