uop meaning oil and gas

Proved property costs are generally depleted using the UOP method. UOP is the leading international supplier and technology licensor for the petroleum refining, gas processing, petrochemical production and major manufacturing TVDSS (True Vertical Depth Subsea), SSD – Sub Sea Level depth (in Metres or Feet, positive value in downwards direction with respect to the Geoid), SSSL – Supplementary Seismic Survey Licence (United Kingdom), a type of onshore licence, STG – Steam Turbine Generator (not to be confused with a GTG), STOIIP – Stock Tank Oil Initially In Place, STOP – Safety Training Observation Program, SURF – Subsea/Umbilicals/Risers/Flowlines, SUT(A/B) – Subsea Umbilical Termination (Assembly/Box), SWOT – Strengths, Weaknesses, Opportunities and Threats, TAGOGR – Thermally Assisted Gas/Oil Gravity Drainage, TCCC – Transfer of Care, Custody and Control, TCI – Tungsten Carbide Insert (a type of rollercone drillbit), TD – Total Depth (depth of the end of the well; also a verb, to reach the final depth, used as an acronym in this case), TDT GR – TDT Gamma Ray Casing Collar Locator Log, TGOR – Total Gas Oil Ratio (GOR uncorrected for, Thr/Th# – Thruster ('#'- means identification letter/number of the equipment i.e. MSFL – Micro SFL Log; Micro-Spherically Focussed Log (resistivity). However, the recovery of this gas presumes that there are the transportation […] M or m – prefix designating a number in thousands (not to be confused with SI prefix M for, MAASP – Maximum Acceptable [or Allowable] Annular Surface Pressure, MAOP – Maximum Allowable Operating Pressure, MAWP – Maximum Allowable Working Pressure, Mboe – thousand barrels of oil equivalent, Mboed – thousand barrels of oil equivalent per day, Mcfe – thousand cubic feet of natural gas equivalent, MDRT – Measured Depth referenced to Rotary Table zero datum, MDSS – Measured Depth referenced to Mean Sea Level zero datum - "Sub Sea" level, MDR – Mud Damage Removal (acid bullheading), MEIC – Mechanical Electrical Instrumentation Commission, MERG – Merge FDC/CNL/Gamma Ray/Dual Laterolog/Micro SFL Log. UOP stands for Unit of Production (depreciation method) Suggest new definition This definition appears somewhat frequently and is found in the following Acronym Finder categories: from rod equipment to casing equipment), cP – centiPoise (Viscosity unit of measurement), CPI separator – corrugated plate interceptor. There are many uses for NGLs, spanning nearly all sectors of the economy. Petroleum reservoirs are broadly classified as conventional and unconventional reservoirs. In some cases, especially in the measurement of oil and gas, petroleum refers only to oil—a liquid hydrocarbon—and does not include natural gas or gas liquids such as propane and butane. This acts to lower the hydrostatic pressure at the bottom of the tubing, reducing its density. oil phrase. For example: Depreciation for a building or plant or machinery, vehicle etc. pilot n: a rodlike or tubelike extension below a downhole tool, such as a mill, that serves to guide the tool into or over another downhole tool or fish. Economic Output The quantity of a product that a company, sector, or economy can produce over a limited period of time. In the United States it has significantly boosted domestic oil production and driven down gas prices. Learn more. Well Equipment – UOP (Unit of Production) depreciation method using the Proved Developed Reserve portion, IDC – UOP depreciation method using the Proved Developed Reserve portion, Platforms – UOP depreciation method using the Proved Developed Reserve portion, Field Facilities – UOP depreciation method using the Proved Developed Reserve portion, ARO Assets – UOP depreciation method using the Proved Developed Reserve portion, Gas Plants – Straight Line Method based on committed field of production life or particular number of years or UOP Method using the Proved Developed Reserve portion, Support Facilites – Straight Line Method based on committed field of production life or particular number of years or UOP Method using the Proved Developed Reserve portion, Deferred Tax – Respective Amortized method can be followed, Undeveloped Leasehold – Straight-line amortization method can be used over the lease term that is applicable for particular cases. The oil and gas industry uses many acronyms and abbreviations. United Oil Products. Put abbreviations that you do not know in this section. The oil and gas industry uses many acronyms and abbreviations.. chemistry, technology, lubricant. FPO – Floating Production and Offloading - vessel with no or very limited (process only) on-board produced fluid storage capacity. ), PUQ – Production Utilities Quarters (Platform), PVTRE – Pressure Volume Temperature Report, PWD – Pressure While Drilling. CPI – CPI log (computer-processed interpretation), CRP – common/central reference point (subsea survey), CsF – Caesium formate (coincidentally also an acronym of the sole large-scale supplier of caesium formate brine, cabot specialty fluids. Definitions by the largest Idiom Dictionary. Companies in the oil … American Association of Petroleum Geologists, Canadian Association of Petroleum Producers, European Association of Geoscientists & Engineers, FMI – formation micro imaging log (azimuthal microresistivity), FMS – formation multi-scan log; formation micro-scan log, International Association of Drilling Contractors, International Marine Contractors Association, Independent Petroleum Association of America, National Association of Corrosion Engineers, Organization of Petroleum Exporting Countries, Petroleum Exploration Society of Great Britain, Provision and Use of Work Equipment Regulations, Surface Controlled Subsurface Safety Valve, Society of Petrophysicists and Well Log Analysts, Tubing Retrievable Surface Controlled Sub-Surface Valve, Tubing Retrievable Surface Controlled Sub-Surface Safety Valve, United Kingdom Offshore Operators Association, Wireline Retrievable Surface Controlled Sub-Surface Valve, International Association of Oil & Gas Producers, "BP names VP of offshore activities in AGT region", http://www.standard.no/PageFiles/1315/D-010r3.pdf, Bureau of Safety and Environmental Enforcement, http://www.slb.com/services/characterization/geophysics/wireline/vertical_seismic_imager.aspx, Oiltrashgear Oilfield Acronyms & Terminology, SPWLA Petrophysical Curve Names and Mnemonics, https://en.wikipedia.org/w/index.php?title=List_of_abbreviations_in_oil_and_gas_exploration_and_production&oldid=998032747, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, 1oo2 – One out of two voting (instrumentation), 2C – Proved and probable Contingent Resources, 2oo2 – Two out of two voting (instrumentation), 2oo3 – Two out of three voting (instrumentation), 3C – three components seismic acquisition (x,y and z), 3C – Proved, probable and possible Contingent Resources, 3P – proved, probable and possible reserves, 4D – multiple 3Ds acquired over time (the 4th D) over the same area with the same parameters (, 8rd – eight round (describes the number of revolutions per inch of pipe thread), AADE – American Association of Drilling Engineers, AAPL – American Association of Professional Landmen, AAODC – American Association of Oilwell Drilling Contractors (obsolete; superseded by, ABAN – Abandonment, (also as AB and ABD and ABND), ABSA – Alberta Boilers Safety Association, ADE – Advanced Decision Making Environment, ADEP – Awaiting Development with Exploration Potential, referring to an asset, ADT – Applied Drilling Technology, ADT log, ADM – Advanced Diagnostics Module (Fieldbus), AFE – Authorization For Expenditure, a process of submitting a business proposal to investors, AGT – (2) Authorised Gas Tester (certified by OPITTO), AIPSM – Asset Integrity and Process Safety Management, AL – appraisal license (United Kingdom), a type of onshore licence issued before 1996, ALAP – as low as possible (used along with density of mud), ALC – aertical seismic profile acoustic log calibration report, ALLMS – Anchor Leg Load Monitoring System, AMS – auxiliary measurement service log; Auxiliary Measurement Sonde (temperature), APWD – annular pressure while drilling (tool), ASOG – Activity Specific Operating Guidelines, ASTM – American Society for Testing and Materials, ASCSSV – annulus surface controlled sub-surface valve, AV – annular velocity or apparent viscosity, AVGMS – Annulus Vent Gas Monitoring System, B or b – prefix denoting a number in billions, Bcf – billion cubic feet (of natural gas), Bcfe – billion cubic feet (of natural gas equivalent), BGL – below ground level (used as a datum for depths in a well), BHA – bottom hole assembly (toolstring on, BHCT – bottomhole circulating temperature, BIVDL – BI/DK/WF/Casing collar locator/gamma ray log, BLD - Bailed (refers to the practice of removing debris from the hole with a cylindrical container on a wireline. Upstream is a term for the exploration and production stages in the oil and gas industry. Upstream, or exploration and production (E&P) companies, find reservoirs and drill oil and gas … K Factor (Uop K Factor) Of Crude Oil - posted in Refining, Hydrocarbons, Oil, and Gas: My question is: that Fig 5.1 Nelson 1958 (attached). Normal/Regular assets that are used i.e. This list is meant for indicative purposes only and should not be relied upon for anything but general information. chemistry, technology, lubricant. Natural gas liquids (NGLs) are hydrocarbons—in the same family of molecules as natural gas and crude oil, composed exclusively of carbon and hydrogen. Examples include Anadarko Petroleum, Sunoco, Phillips 66, ConocoPhillips, and Murphy Oil . It is the first stage in oil or gas production, followed by the midstream and downstream segments. Note that these three sectors also correspond to the three major categories of activities of the oil and gas industry value chain. 1. Or Gauge Ring (measure hole size), HAZOP – Hazard and Operability Study (meeting), HCAL – HRCC Calliper (in Logs)(in Inches), HCCS – Horizontal Clamp Connection System, HCM – Horizontal Connection Module. Oil and gas operations can be divided into upstream, midstream, and downstream operations, with the refining process taking place either midstream or downstream and the ... Oil Refinery Definition. Let’s look at some typical example of assets involved in the Exploration & Production (E&P) Companies: How the DD&A come into application for the related assets: Generally upstream majors utilize the DD & A for their respective assets or things in a way according to their prescribed guidelines, procedures and policies. We all know by regular definitions the terms are as follows: Now we all probably agree that the meaning of all these three terms indicate similar pattern i.e. MM or mm – prefix designating a number in millions (or SI unit – millimetre), MMboe – million barrels of oil equivalent, MMboed – million barrels of oil equivalent per day, MMcf – million cubic feet (of natural gas), MMcfe – million cubic feet (of natural gas equivalent), MMcfge – million cubic feet (of natural gas equivalent), mmscfd – million standard cubic feet per day, MODU – Mobile Offshore Drilling Unit (Either of Jack-up Drill Rig or Semi-submersible Rig or Drill Ship), MOPU – Mobile Offshore Production Unit (to describe: Jack-up Production Rig, or Semi-submersible Production Rig, or Floating Production and or storage ship - See also FPO and FPSO definitions, MOT – Materials/Marine Offloading Terminal, MPQT – Manufacturing Procedure Qualification Test, MPS – Manufacturing Procedure Specification, MPSP — Maximum Predicted Surface Pressure, MRX – Magnetic resonance expert (wireline. You can also call and discuss your requirements with our gas oil … Energy. reduction in the value however these terms are being used for different purposes. Amortization is the process of decreasing, or accounting for, an amount over a period i.e. Proved property costs are generally depleted using the UOP method. (For BOP test). The K factor is also referred to as the UOP K factor or just UOPK. Capitalized Interest Leasehold & Non-Leasehold can be depreciated through the UOP method utilizing the Proved Reserve or Proved Developed Reserve based on the respective scenario. The company's roots date back to 1914, when the revolutionary Dubbs thermal cracking process created the technological foundation for today's modern … 3, Springer-Verlag, Heidelberg, 267–280. For example: Depletion for oil and gas wells i.e. Lease Amortization, Amortization of proved reserve etc. Special publication of the European Association of Petroleum Geologists No. DG3 or DG#3 means Diesel Generator Nr 3), DGP – dynamic geohistory plot (3D technique), DHPTT – downhole pressure/temperature transducer, DL – development license (United Kingdom), a type of onshore license issued before 1996, DLL – dual laterolog (deep and shallow resistivity), DLS – dog-leg severity (directional drilling), DMRP – Density - Magnetic Resonance Porosity (wireline tool), DPDV – dynamically positioned drilling vessel, DPLD – differential pressure levitated device (or vehicle), DRLPR – drilling proposal/progress report, DSTND – dual-space thermal neutron density log, DSTPB – drill-stem test true vertical depth playback log, DTPB – CNT true vertical-depth playback log, DVT – Differential Valve Tool (for cementing multiple stages), DWOP – drilling well on paper (a theoretical exercise conducted involving the service-provider managers), ECMS – Electrical Control and Monitoring System, ECMWF – European Centre for Medium-Range Weather Forecasts, ECRD – Electrically Controlled Release Device (for abandoning stuck wireline tool from cable), EDP – Exploration Drilling Program Report, EDPHOT – Emergency Drill Pipe Hang Off Toool, EEHA – Electrical Equipment for Hazardous Areas (IECEx), ELEC TECH – Electronics Technician (See also: ETech), EMCS - Energy Management and Control Systems, EMS – Environment measurement sonde (wireline multi-caliper), ENMCS – Electrical Network Monitoring and Control System, EPCM/I – Engineering Procurement Construction & Management/Installation, EPCU – Electrical Power Conditioning Unit, EPIDORIS – Exploration and Production Integrated Drilling Operations and Reservoir Information System, ESHIA – Environmental, Social and Health Impact Assessment, ESIA – Environmental and Social Impact Assessment, ETECH – Electronics Technician (See also: Elec Tech), EUE – External-upset-end (tubing connection), EWMP – Earthworks/Electrical Works/Excavation Works Management Plan, EXL – or XL, Exploration Licence (United Kingdom), a type of onshore licence issued between the First Onshore Licensing Round (1986) and the Sixth (1992), EZSV – Easy Sliding Valve (drillable packer plug), FEWD – formation evaluation while drilling, aFLET – Actuated Flowline End Termination, FMECA – failure modes, effects, and criticality analysis, FOET – Further Offshore Emergency Training, FOSA – Field Operating Services Agreement, FPDM – fracture potential and domain modelling/mapping, FPLP-Freshman Petroleum Learning Program(Penn State). If you received an answer, delete the abbreviation from this section, and add it to its alphabetical section (If it is not there yet). UOP, a subsidiary of Honeywell, plans to launch a comprehensive test program for renewable jet fuel. LTP – liner shaker, tensile bolting cloth, perforated panel backing. 12.5 or higher indicate a crude oil of predominantly paraffinic constituents, while 10 or lower indicate a crude of more aromatic nature. ), boed – barrel(s) of oil equivalent per day, boepd – barrel(s) of oil equivalent per day, BOTTO – bottom hole pressure/temperature report, BPV – back pressure valve (goes on the end of coiled tubing a drill pipe tool strings to prevent fluid flow in the wrong direction), BRT – below rotary table (used as a datum for depths in a well), BSEE – US: Bureau of Safety and Environmental Enforcement, BTEX – benzene, toluene, ethyl-benzene and xylene, BTO/C – break to open/close (valve torque), bwd – barrels of water per day (often used in reference to, CAAF – Contract Authorization Approval Form, CAODC – Canadian Association of Oilwell Drilling Contractors, CART – cam-actuated running tool (housing running tool), CCL – casing collar locator (in perforation or completion operations, the tool provides depths by correlation of the casing string's magnetic anomaly with known casing features), CCLBD – Construction / Commissioning Logic Block Diagram, CCLTP – casing collar locator through tubing plug, CDRCL – compensated dual resistivity cal. 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