---------- R ---------- A refinery is a large plant composed of many different processing units that are used to convert crude oil into finished or refined products. These processes include heating, fractionating, reforming, cracking, and hydrotreating. Refined products are the various hydrocarbons obtained as a result of refining process separation from crude oil. Typical refined products are LPG, naphtha, gasoline, kerosene, jet fuel, home heating oil, diesel fuel, residual fuel oil, lubricants and petroleum coke. Refrigeration is the process used to remove the natural gas liquids by cooling or refrigerating the natural gas until the liquids are condensed out. The plants use Freon or propane to cool the gas. A Regasification terminal is a facility for receiving, unloading, storing and re-gasifying LNG, usually including breakwaters, tanker berthing and other marine facilities. Reserves are the supply of an oil or gas resource. Reserves are qualified to show degree of certainty such as proven reserves to possible and speculative reserves. Reserve lifetime or R/P ratio is the ratio of the reserves of crude oil or natural gas in units of barrels or cubic feet to the annual production in barrels per year or cubic feet per year. The units of this ratio are years and is equivalent to the number of years of production left in the reserve at the current production rate. Reserve Replacement is the ratio of additions to reserves divided by production. It is a measure of the extent to which production is being replaced. Reserves are the amount of an oil or gas resource. Reserves are qualified to show degree of certainty such as proven reserves to possible and speculative reserves. Reservoir rock is a layer of rock with interconnected holes and voids, into, and out of which, petroleum can flow. Reservoirs are discrete sections of porous rock containing an accumulation of oil/gas, either separately or as a mixture. Residual fuel oil is a low grade of fuel oil; used in the industry as boiler fuel; also known as bunker fuel in large ocean-going tankers. A rig barge is a drilling rig mounted on a barge-like vessel for drilling in shallow water or swampy locations. Barge rigs are not self propelled and must be towed or pushed by a towboat. In addition to all necessary drilling equipment, barges also have quarters for the drilling crew. A roller drill bit is a rock cutting tool on the bottom of the drillstring made with three or four shanks welded together to form a tapered body. Each shank supports a cone-like wheel with casehardened teeth that rotate on steel bearings. The rotary table is a heavy, circular structure mounted on a steel platform just above the derrick floor with an opening in the center through which the drillpipe and casing must pass. The table is rotated by power transmitted from the drawworks and the drilling engines. In drilling, the kelly joint fits into the square opening of the table. As the table rotates, the kelly is turned, rotating the drill column and the drill bit. Roughnecks are members of the drilling crew who work on the derrick floor and up in the derrick racking pipe. They operate and maintain the drilling engines and the mud pumps. They operate the pipe tongs to break out or unscrew the stands of the drill pipe during "trips." Royalty Interest is a share of production free from the costs of production, when and if there is oil and gas production on the property. A run ticket is used in buying and selling crude oil. When the ownership or custody of oil changes, a run ticket is prepared for the receiver and the shipper to record the transaction. The ticket is made in triplicate by the gauger and is witnessed by the lease owner’s representative, usually the pumper. The run ticket, an invoice for oil delivered shows opening and closing gauge, API gravity and temperature, tank temperature and BS&W. The original of the ticket goes to the purchaser; copies go to the pumper and one for the gauger.
Posted on: Tue, 06 Aug 2013 20:23:13 +0000
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