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the rate of transfer of heat along a body
Conductor
in an electrical sense, a body capable of
carrying an electric current, in a thermal
sense, a body which will permit heat to
flow through it As a general rule, metallic
materials are good conductors of electricity
and heat, while non-metaljic materials
are poor conductors or insulators
Commercial field
an oil and/or gas field judged to be capable
of producing enough net income to
make it worth developing
Producing horizon
rock from which oil or gas is produced
Pay zone
the stratum of rock in which oil and/or
gas is found
Throughput
a term used to describe the total amount
of raw materials that are processed
by a plant such as an oil refinery in a
given period
Derived fuel (energy)
a fuel (or form of energy) which basic fuel
such as coal or oil (e g electricity, coke
or town gas)
Production phase
the phase in the life of a field in which oil
or gas is produced
Rollover
where repayment of a loan on which
interest is accumulating is held over for a
specific time period
Intermediate chemicals
chemicals which are derived from basic
petrochemicals and are themselves
used to manufacture other chemicals
or products
Permeability
a measure of the capacity of a rock or
stratum to allow water or other fluids such
as oil to pass through it
Propane
the saturated hydrocarbon (alkane) with
three carbon atoms in its molecule
(C3H8), the third member of the paraffin
series - a gas under normal conditions
Propene (propylene)
the member of the alkene series containing
three carbon atoms, two of which are
connected by a double (unsaturated)
bond (C3H6), an important raw material in
the chemical and plastics-industries
Down time
time during which no drilling is possible
due to adverse weather conditions, while
down-hole equipment is being changed,
during well logging, etc
WOW
"waiting on weather"
Lost time
time in which no work is possible on an
operation due to bad weather, industrial
dispute, etc '
Simple interest
interest calculated on the basis of the
principal (sum originally borrowed) only
Sacrificial anode
a ring or slab of metal placed on a key
part of an underwater structure in order
to protect it from corrosion, the sea
water attacks the anode rather than
the structure
Blowout preventor (ВОР)
a hydraulically operated wellhead
device designed to ensure that a blowout
cannot occur
Interest
an amount paid for the use of loan capital,
see compound interest, simple interest,
loan capital
Loan spread
the difference between the interest rate a
bank charges a borrower and the rate at
which the bank borrows the money itself
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