PETROLEUM GEOLOGY (HISTORY) Flashcards

1
Q

Seven Sisters of the petroleum world by enrico Mattei

A

British Petroleum
Shell (European)
Socal(Chevron)
Texaco
Exxon
Mobil
Gulf

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2
Q

Consortium that formed ARAMCO (METS)

A

Socal
Texaco
Exxon
Mobil

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3
Q

Organize to control the power of independent oil companies by a combination of price control and appropriation of company assets

A

OPEC (Organization of Petroleum Exporting Countries)

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4
Q

How to qualify as OPEC member?

A

Economy must be predominantly based on Oil Export

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5
Q

First well to produce oil in the world

A

Oil Creek, Pennsylvania
Colinel Drake, 1859

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6
Q

Other term for petroleum industry

A

Oil industry or Oil Patch

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7
Q

Upstream of the Petroleum Value Chain

A

Exploration
Appraisal,
Devt
Production

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8
Q

Midstream

A

Transport and Trade

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9
Q

Downstream

A

Refinement, Processing and Blending
Marketing and Distribution

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10
Q

A vast reservoir of Oil and Gas

A

Oil and Gas Field

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11
Q

Five most important OIL FIELDS (SBWRG)

A

Ghawar
Burgan
Safaniya
Rumaila
West Qurna-2

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12
Q

Worlds Largest Oil Field in terms of Reserve and Production

A

Ghawar (G-for Great, god-tier), Saudi arabia

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13
Q

Worlds Largest Offshore Oil Field in terms of Reserve and Production

A

Safaniya (S-sea)

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14
Q

Worlds Largets Natural Gas-Condensate Field

A

South Pars/North Dome

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15
Q

Who owns South Pars/North Dome

A

Qatar(N) and Iran (S)

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16
Q

Oil Fields in the Philippines
(NMGWC)

A

Nido (SC14-A) 1979-2015
Matinloc (SC14-B) 1982-2015
Galoc (SC-14) 1988, 2008-2014
West Linacapan (SC14-C2) 1992-1996
Cadlao (SC-6) 1981-1991

17
Q

Gas Fields in the Fields
(MaSALi)

A

Malampaya 2001-Present
San Antonio - 1994-2008
Libertad Gas Field - 2012-Present (Producing)

18
Q

1st recorded petroleum onshore well in PH

A

Toledo-1 (Cebu, 1896)

19
Q

1st well drilled offshore

A

Pagasa-1 (Oriental Petroleum, Palawan, 1971)

20
Q

1st Commercial OIL PRODUCTION 1976

A

Nido NW Palawan

21
Q

1st Deepwater Oilfield Development

A

West Linacapan

22
Q

1st Commercial Gas Production

A

San Antonio 1984 (Cagayan)

23
Q

Birth of Philippine Gas Production

A

Malampaya 1992

24
Q

1st gas Delivery

A

October 2001

25
1st gas sales
January 2002
26
Active Service Contracts in the Ph
22
27
SCs in Onshore
6
28
SCs Offshore
16
29
how many years is initial exploration?
7
30
How many years is the entire exploration stage?
10
31
How many years is the entire production stage?
25
32
How many years is Maximum years for an SC contract?
50
33
How many SCs are in Production?
7
34
How many SCs are in Exploration?
15
35
PCECP stands for?
Philippine Conventional Energy Contracting Program
36
How many areas are there for PCECP?
14