PETROLEUM GEOLOGY (HISTORY) Flashcards
Seven Sisters of the petroleum world by enrico Mattei
British Petroleum
Shell (European)
Socal(Chevron)
Texaco
Exxon
Mobil
Gulf
Consortium that formed ARAMCO (METS)
Socal
Texaco
Exxon
Mobil
Organize to control the power of independent oil companies by a combination of price control and appropriation of company assets
OPEC (Organization of Petroleum Exporting Countries)
How to qualify as OPEC member?
Economy must be predominantly based on Oil Export
First well to produce oil in the world
Oil Creek, Pennsylvania
Colinel Drake, 1859
Other term for petroleum industry
Oil industry or Oil Patch
Upstream of the Petroleum Value Chain
Exploration
Appraisal,
Devt
Production
Midstream
Transport and Trade
Downstream
Refinement, Processing and Blending
Marketing and Distribution
A vast reservoir of Oil and Gas
Oil and Gas Field
Five most important OIL FIELDS (SBWRG)
Ghawar
Burgan
Safaniya
Rumaila
West Qurna-2
Worlds Largest Oil Field in terms of Reserve and Production
Ghawar (G-for Great, god-tier), Saudi arabia
Worlds Largest Offshore Oil Field in terms of Reserve and Production
Safaniya (S-sea)
Worlds Largets Natural Gas-Condensate Field
South Pars/North Dome
Who owns South Pars/North Dome
Qatar(N) and Iran (S)