- Industry: Oil & gas
- Number of terms: 9502
- Number of blossaries: 0
- Company Profile:
George King is a technology provider in the oil and gas industry specializing in new technology and problem oil well solutions.
Proved Developed Reserves are those Proved Reserves that can be expected to be recovered through existing wells and facilities and by existing operating methods. Improved recovery reserves can be considered as Proved Developed Reserves only after an improved recovery project has been installed and favorable response has occurred or is expected with a reasonable degree of certainty.
Developed reserves are expected to be recovered from existing wells, including reserves behind pipe. Improved recovery reserves are considered developed only after the necessary equipment has been installed, or when the costs to do so are relatively minor. Developed reserves may be sub-categorized as producing or non-producing.
Industry:Oil & gas
A collective term for the sum of proved and indicated reserves. Proved reserves are estimated with reasonable certainty to be recovered under current economic conditions. Indicated reserves are economic reserves in known productive reservoirs in existing fields expected to respond to improved recovery techniques where (1) an improved technique has been installed but its effect cannot yet be fully evaluated, or (2) an improved technique has not been installed but knowledge of reservoir characteristics and the results of a known technique installed in a similar situation are available for use in the estimating procedure.
Industry:Oil & gas
(OI, mg CO2/g TOC) a measurement of the percent of oxygen needed to support reaction.
Industry:Oil & gas
(Using Werner) an automated profile-based depth estimation method derived from analysis of magnetic anomalies in sheet-like bodies. Polynomials can be simultaneously solved to estimate the depth, dip, horizontal location and susceptibility (magnetic) of the surface or structure. Basically undoing the effects of a filter.
Industry:Oil & gas
“Shock” waves from an event (explosive, tectonic, impact, etc.) that travel through the earth and reflect off of subsurface structures (rocks) in the same manner as sound echos and water waves and ripples.
Industry:Oil & gas
