Glossary

Crude oil production

Crude oil production is characterized as the volume of crude oil produced from oil reservoirs during given periods of time.

The amount of such production for a given period is measured as volumes delivered from lease storage tanks (i.e., the point of custody transfer) to pipelines, trucks, or other media for transport to refineries or terminals with adjustments for:

(1) net differences between opening and closing lease inventories; and

(2) basic sediment and water (BS&W).

Ref: 123330/2006-10-01


Other Database Pages Exist for this Phrase:
Crude oil (A Crude oil is a mixture of hydrocarbons that ...)
Crude oil (Crude oil is described as a mixture of thousands ...)

You have no rights to post comments

Related Articles

Terminal operations ■■■■■■■■■
Terminal operations refers to: (a) the use of storage tanks and associated equipment at a site used to . . . Read More
Harbor ■■■■■■■■■
A harbor or harbour, or haven, is a body of water where ships, boats, and barges can seek shelter from . . . Read More
Crude oil ■■■■■■■■
Crude oil is described as a mixture of thousands of chemicals and compounds, primarily hydrocarbons Crude . . . Read More
Ship ■■■■■■
A ship is any large buoyant watercraft. Ships are generally distinguished from boats based on size and . . . Read More
Discharge ■■■■■■
Discharge in the context to expel or to "let go" may refer to a termination of employment, the end of . . . Read More
Pump ■■■■■■
A pump is a device that moves fluids (liquids or gases), or sometimes slurries, by mechanical action. . . . Read More
Reactor ■■■■■■
A reactor is a device used in industrial processes to create or control chemical reactions. Here are . . . Read More
Volume ■■■■■■
Volume is the quantity of three-dimensional space enclosed by some closed boundary, for example, the . . . Read More
Disinfectant Time at environment-database.eu■■■■■■
A Disinfectant Time is the time it takes water to move from the point of Disinfectant application (or . . . Read More
Distillation ■■■■■
Distillation refers to the first step in the refining process. During distillation, crude oil is heated . . . Read More