Dec 04, 2015 oil 101 a free introduction to the oil and gas industry i this first of 10 modules, we introduce the learner to some key fundamentals of the upstream segment of the oil and gas industry. The oil and gas business is clearly a multifaceted, global industry that impacts all aspects of our lives. Oil has been used for lighting purposes for many thousands of years. With that in mind, the fundamentals of oil and gas is a perfect primer for the. Oil and gas production handbook an introduction to oil. An introduction to oil and gas production, transport, refining and petrochemical industry. Energy initiative associate in research daniel raimi gives an overview of the current state of the oil and gas industry. Historically, we know the tales of eternal fires where oil and gas seeps ignited and burned. This handbook has been compiled for readers with an interest in the oil and gas industry. The multiplicity of factors that influence the directions of the petroleum production chain is huge, making the task of preparing strategies and action plans. As this industry continues to grow, the demand for reliable and durable insulation solutions has never been greater. In 2017, 92% of transportation fuel came from petroleum,2 while 32% of electric power and the majority of nonelectric commercialresidential energy came from natural gas.
Petroleum and natural gas are the largest energy sources for the united states. Crosscommodity trading is also a new reality from oil, gas, lng, co2 allowances, to coal, basic and precious metals and uranium requiring familiarity with trading terminology among a wider range of professionals. The industry is exposed significantly to macroeconomic factors such as commodity prices, currency. Our glossary provides a comprehensive guide to the many expressions used. World production of oil and gas 1900 2100 2300 2500 2700. Recently i have been fortunate to be in a position to learn a lot about the basics of the oil and gas industry.
Covers the basics of petroleum, starting with industry terminology, geology, exploration, and leasing. From the economics to the science and technology, this is a complex marketplace. Furthermore, our free and short video blogs are a great way to learn a lot quickly. From a personal perspective, oil and gas provide the worlds 7. Production and maintenance of wells and facilities. Take a look at some of the terms youll encounter working in the industry below. The oil and gas industry employs hundreds of thousands of workers worldwide and generates billions of dollars globally each year. Moving oil to refineries and consumers with tankers, trucks and pipelines. Drilling during drilling, a drilling mud is continuously circulated between the well and the platform through a riser pipe. And yet it is one that we tend to take for granted until a crisis emergesa tanker runs aground, a hurricane damages a refinery, a country changes political leaders or revises its energy policies. Upstream is a term used in the oil industry which refers to the searching for, the recovery and production of crude oil and natural gas.
The basics of natural gas production, transportation, and markets david e. Oct 20, 2015 energy initiative associate in research daniel raimi gives an overview of the current state of the oil and gas industry. There are many ways to look at the oil and gas industry. When you think of oil and gas in canada, you might just think of alberta, but oil and gas is an important part of our national energy mix. Oil, petroleum, natural gas, hydrocarbons and crude are terms we commonly hear. Extractive industry basics the petroleum value chain. Petroleum migrates as a mixture of oil, gas and water. Understanding oil and gas production for mineral owners. Oil and gas are hydrocarbons formed from the compression of organic. It is intended to give a basic understanding to those who aim to promote better use of revenues from oil and gas.
In this introduction to the oil and gas industry, we provide a snapshot of the petroleum sector. Production and maintenance of wells and facilities to recover and bring the crude oil andor raw natural gas to the surface plant and to process the produced hydrocarbons. This reader covers basic information about oil and gas and the industry that extracts them. Receive your free insiders guide to investing in oil and gas wells now. We offer multiple selfpaced online courses for anyone looking to gain a stronger understanding of our vast and complex industry. Our goal is to provide a cleareyed roadmap to understanding the oil and gas industry and evaluating the opportunities and potential risks realistically. The gas and oil industry has been extremely successful since the discovery of oil and will continue to experience growth in the years to come. Oil and gas production basics in nontechnical language.
This midstream content is derived from our oil 101 upstream ebook and can be found in our o slideshare uses cookies to improve functionality and performance, and to provide you with relevant advertising. Organization of the petroleum exporting countries opec andor its member countries concerning the. Here is the lowdown on these fuels and a couple of lesserknown petroleumrelated resources, and what the possible ecological effects and advantages of extracting them are. Grasp the background and politics of standard setting for oil and gas accounting. An introduction to the petroleum industry government of. Overview of the oil and gas exploration and production process. It is easy to say that this industry is a global powerhouse.
For context, well begin just before the actual production phase with what is known as completing. The other 44 percent comes from coal, nuclear and hydroelectric power, renewables like wind, solar and tidal power, and biomass products such as. One of our first videos as you can tell, but our most popular one to date. The projected mix of electricity generation varies widely across cases as differences in fuel prices result in significant substitution.
Oilfield basics free video blogs, selfpaced courses. Topics include drilling, production, pricing and marketing. However, this guide will enable one to become familiar with the basic operations and common terminology of the oil and gas industry, including brief references to royalty owners. Oil and gas basics the university of texas at dallas. What you know as oil is actually called petroleum or crude oil and may exist as a combination of liquid, gas, and sticky, tarlike substances. The business drivers for 2017 in less than 6 minutes. Mud is used to maintain well pressure and wall stability. The increase in shale oil and gas extraction projects has. Understand the secs reserve recognition accounting rra proposal. Oil and gas professionals who wish to obtain an integrated overview of the oil and gas industry as a whole translators who need indebt understanding of oil and gas terminology. Pdf the book is an comprehensive easy to read introduction to the production of hydrocarbons. Oil and natural gas industry preparedness handbook 5 the oil and natural gas industry has created the following strategy document to ensure that roles, responsibilities and needs are clearly identified prior to any events that may affect the integrity of oil and natural gas systems. This article, oil and gas production 101 is written in nontechnical language and addresses the oil and gas production process for mineral rights owners.
Introduction to oil and gas upstream what is upstream. Havard devold oil and gas production handbook an introduction. Vision 2040 global scenarios for the oil and gas industry 5 how to read the study few areas of the economy are as volatile literally and figuratively as the oil and gas sector. Introduction to oil and gas industry upstream midstream. Production and maintenance of wells and facilities to recover and bring the crude oil and or raw natural gas to the surface plant and to process the produced hydrocarbons. Refining adds value by converting crude oil which in itself has little enduse value into a range. Center for energy studies louisiana state university. Covers topics like mineral rights fragmentation and estate cleanup. Ppt introduction to oil gas industry satmon john timayo.
When i started to search for a suitable introduction to be used for new engineers, i. In the final part of the course you will gain sound knowledge on the decommissioning process of oil and gas installation and acquire an insight into working offshore. Analysis of the current problems of russias oil and gas industry in the context of the main trends of global oil and. Oil 101 a free introduction to the oil and gas industry i this first of 10 modules, we introduce the learner to some key fundamentals of the upstream segment of the oil and gas industry. Jun 10, 2014 recently i have been fortunate to be in a position to learn a lot about the basics of the oil and gas industry. Reference is not made to all of the facets or issues of the oil and gas industry. Exploration the searching for potential onshore or offshore oil and gas reservoirs, and the drilling of exploratory wells. The oil and gas industry is divided into three major sectors.
Glt products is proud to be a reliable supporter of this industry. Royalty management explains how to manage oil and gas royalties. Natural gas vehicles ngvs are a good choice for highmileage high fueluse fleetssuch as buses, medium and heavyduty trucks, and refuse vehiclesthat are centrally fueled or operate within a limited area or. A collection to help you learn the oil and gas industry, and get up to speed on the business drivers. High oil and gas resourcetechnology low natural gas prices 0. If we are going to study the oil industry, we must first become familiar with the. The drilling fundamentals lesson consists of the following topics. In areas where oil is found in shallow reservoirs, seeps of crude oil or gas may naturally develop, and some oil could simply be collected from seepage or tar ponds. Timing between the two components can take years and usually does. Understanding the basics about the oil and gas industry. Geological surveys produced waters app provides information on over 100,000 samples of produced water from the oil and gas industry, waters extracted from hydrothermal systems geothermal water, and some additional water wells. Reviews drilling, production, transportation, equipment usage, and operating procedures upstream, midstream, and downstream.
Oil and gas basics for the mineral owner article explaining the basics of oil and gas production written for mineral rights owners. This site will help arm you with the knowledge, tools and confidence to make smart oil and gas investment decisions. Reviews drilling, production, transportation, equipment usage, and operating procedures upstream, midstream, and. Crude oil and natural gas will migrate toward the surface. It is an overview of the main processes and equipment. Learn about the three key sectors in oil and gas, the current state of the industry and future outlook. Environmental impacts of the oil and gas industries the sensitivity of exploration activities including the definition of no go times or conditions.
Oil 101 drilling fundamentals upstream oil and gas. Environmental impacts of the oil and gas industries. Oil and natural gas are hydrocarbons, strings of carbon and hydrogen formed from. Pdf oil and gas production an introduction to oil and gas. The basic difference between the two is their treat. World production of oil and gas 1900 2100 2300 2500 2700 2900 3100 3300. Bringing oil to the surface using natural and artificial methods. No part of this publication may be reproduced, electronically transmitted e.
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