iranian oil buy back contract is a kind of service contract that foreign party carries out all operations in development or reconstruction of oil or gas field with its costs. in return, national iranian oil company obliges to compensate contractor all capital or non-capital costs necesserly by produced oil or gas from the same field. the energy charter treaty as the most perfect international t...

An important decision in the development of a mixed oil and natural gas field is whether to produce or re-inject the natural gas. There is a trade-off between the income from the sale of natural gas and the higher oil production obtained from re-injection. We consider the optimal timing problem of when to stop natural gas injection for a set of offshore petroleum fields using a real options app...

Gas-lifted oil wells are susceptible to failure through malfunction of gas lift valves (GLV). One failure mode occurs when the GLV check valve fails and product passes into the well annulus, potentially reaching the wellhead. This is a growing concern as offshore wells are drilled thousands of meters below the ocean floor in extreme temperature and pressure conditions and repair and monitoring ...

Carbon dioxide flooding is considered to be one of the most effective enhanced oil recovery methods for the light oil reservoirs. Depending on the operating pressure, the process might be miscible or immiscible. Minimum miscibility pressure (MMP) is the most important parameter for assessing the applicability of any miscible gas flood for an oil reservoir. The miscibility condition is determine...

A lot of oil and gas reservoirs have been or will be abandoned in petroleum industry. In this study, we pointed out that these oil and gas reservoirs might be transferred into exceptional enhanced geothermal reservoirs with very high temperatures by oxidizing the residual oil with injected air. A concept to generate power from these exceptional enhanced geothermal reservoirs by using geothermal...

Experimental kinetic data on the reactions of pure chemicals, destruction of heavy hydrocarbons, and gas formation have been combined with thermodynamic theory and empirical data on oil and gas occurrences to constrain the range of plausible activation energies and frequency factors for oil destruction and gas formation in nature. It is assumed explicitly here that the kinetics of oil destructi...

This report analyzes the technical aspects and the economics of utilizing nuclear reactor to provide the energy needed for a Canadian oil sands extraction facility using SteamAssisted Gravity Drainage (SAGD) technology. The energy from the nuclear reactor would replace the need for energy supplied by natural gas, which is currently burned at these facilities. There are a number of concerns surr...

Abstract Oil is a generic term that can cover very wide range of natural hydrocarbon-based substances and also refined petrochemical products. Crude oil petroleum products have physical properties on the basis which their behaviour in marine environment differ widely. These from viscosity (the rate at liquid flows), density, specific gravity (density relative to water).

The price of a barrel of crude oil doubled within a few months last year. Although prices have been easing lately, for those who paid more than $3 for a gallon of gas, the memory is not likely to fade quickly. But worries about higher gas prices don’t end at the pump. Oil price shocks—sudden and sharp increases in the price of oil and its derivatives like gasoline—are associated in the popular ...