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Exploration
1. Offshore/Onshore
Offshore
Shallow
= 0-50 meters
Intermediate = 50-300 meters
Deep water = 300-3000 meters
Onshore
Inshore or
Near
shore
2. Upstream/Downstream
Upstream:
Downstream:
Offshore
Pipelines
Production
Exploration
Onshore
Refinery
Oil products
Fuel distribution
3. Oil Companies
Majors
(integrated)
Independents
(<50.000 Barrels per day, only Upstream)
4. JOC
JOC = Joint Operating Company
A company under Vietnamese Law specially set up to explore one particular
block or development offshore Vietnam.
Block 15-01
23.25%
50%
Block 15-2/01
14.25%
40%
60%
5. Blocks
Vietnam
Block 6/94
Tuong Vi,
Pearl Energy
1. Exploration Permit
2. Production License
6. Seismic Survey
A Seismic survey is done for the
purpose of exploring the
subsurface for oil and/or natural
gas.
7. Basin
A naturally occurring depression or dome,
containing reservoirs that hold natural gas or
oil. An group of underground lakes.
8. Reservoir
A naturally occurring storage area,
characteristically a folded rock formation,
that traps and holds natural gas or oil. An
underground lake of oil and gas.
Costs:
Spuds
150.000 USD
Per/day
Spuds cans
10
Costs:
400.000 USD Per/day
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12
Application
8. Jack-up
9. Semi Submersible
10. Drill ship
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Derrick
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Roughnecks making
up connection on the
drill floor.
Drill bit
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15. Conductors
(or Casings) Pipes that prevent the drill hole from
caving in and guide oil flow. It is the connection
for the well head
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Drill bit
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17. BOP
BOP = Blow Out Preventer
Prevents uncontrolled release of high
pressure oil or gas after the reservoir has
been reached
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18. Blowout
Uncontrolled release of gas and oil after the
reservoir has been reached.
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19. Duster
A well drilled in which no Oil or Gas is found, only rock
dust
20. Wildcat
A well drilled on a location where nobody expects to find
oil. It is a high risk investment.
On a location far away, where the wild cats live.
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21. Well
Drill hole that produces
Oil or Gas
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Well stimulation
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23. Barrel
42 US gallons (158.9873 liters, or 34.9723 Imperial
(UK) gallons
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