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)
Oil Fields in the Philippines
(NMGWC)
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
Gas Fields in the Fields
(MaSALi)
Malampaya 2001-Present
San Antonio - 1994-2008
Libertad Gas Field - 2012-Present (Producing)
1st recorded petroleum onshore well in PH
Toledo-1 (Cebu, 1896)
1st well drilled offshore
Pagasa-1 (Oriental Petroleum, Palawan, 1971)
1st Commercial OIL PRODUCTION 1976
Nido NW Palawan
1st Deepwater Oilfield Development
West Linacapan
1st Commercial Gas Production
San Antonio 1984 (Cagayan)
Birth of Philippine Gas Production
Malampaya 1992
1st gas Delivery
October 2001
1st gas sales
January 2002
Active Service Contracts in the Ph
22
SCs in Onshore
6
SCs Offshore
16
how many years is initial exploration?
7
How many years is the entire exploration stage?
10
How many years is the entire production stage?
25
How many years is Maximum years for an SC contract?
50
How many SCs are in Production?
7
How many SCs are in Exploration?
15
PCECP stands for?
Philippine Conventional Energy Contracting Program
How many areas are there for PCECP?
14