Monday, August 4, 2014

Oilfield Terminology (Part 3)

This is part three in our series on oilfield terminology. So far, in part 1, we've covered the following basic terms and concepts: petroleum engineering, natural gas, hydrocarbon, gasoline, reservoir and drilling rig. In part 2, we shifted gears a bit and introduced a panoply of totally new concepts; those being: blowout, tool pusher, pig, moon pool. The following article is hopefully going to further expand our oilfield ken.

Petroleum Play

Petroleum Play (sometimes simply just "play") is a group of oil prospects or oil fields located in the same region that are controlled by an identical set of geological circumstances. Its most common use is in the realm of the exploitation and extraction of hydrocarbon-based resources.

    The typical steps in the actual play cycle are as follows:

  1. Initial observations of potential reserves
  2. Testing & adjustments made to the opening estimates of extraction
  3. High degree of success in identifying and extracting oil from reserves
  4. Lower degree of success as the reserves begin to get depleted
  5. Gradual decrease in further exploration of the region

Oil Depot

An oil depot, which is at times also called an oil terminal, is an industrial facility for the storing of oil & petrochemical products. These products are generally sent out to end users or further storage facilities. Oil depots are typically located near refineries, but some are actually attached to pipelines from which they draw their supplies.

Roughneck

A roughneck is a term used to describe the hard-manual labor workers in the oilfield industry. Although the term is used to describe a bevy of different hard-manual workers across different industries, it is most commonly used to describe oil rig workers. The term has been around for quite some time now. It became popular in the 1930s. The physically demanding work helped the workers develop thick, strong, burly necks, making them easily distinguishable from the rest of the crowd. And so, for this reason, the term caught on like wildfire. People seem to use the term with a badge of honor; there is no derogatory connotation to the term whatsoever.

Petrochemicals

Petrochemicals are chemical products that are derived from petroleum. A great deal of chemical compounds made from petroleum are also obtained from other fossil fuels, such as coal or natural gas, or even renewable sources like corn or sugar cane. The 2 most common petrochemical classes are olefins (which includes ethylene and propylene) and aromatics (which includes benzene, toluene & xylene isomers). Oil refineries make olefins and aromatics by fluid catalytic cracking of petroleum fractions. Chemical plants produce olefins through the steam cracking of natural gas liquids such as ethane and propane.

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