Oil And Gas Conversion for Pc

1. The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of exploration, extraction, refining, transporting (often by oil tankers and pipelines), and marketing of petroleum products.

2. In fact gas dissolution and oil volume shrinkage will happen at many stages during the path of the hydrocarbon stream from reservoir through the wellbore and processing plant to export.

3. The gas/oil ratio (GOR) is the ratio of the volume of gas that comes out of solution, to the volume of oil at standard conditions.

4. For light oils and rich gas condensates the ultimate GOR of export streams is strongly influenced by the efficiency with which the processing plant strips liquids from the gas phase.

5. The largest volume products of the industry are fuel oil and gasoline (petrol).

6. Petroleum (oil) is also the raw material for many chemical products, including pharmaceuticals, solvents, fertilizers, pesticides, synthetic fragrances, and plastics.

7. A point to check is whether the volume of oil is measured before or after the gas comes out of solution, since the oil volume will shrink when the gas comes out.

8. The industry is usually divided into three major components: upstream, midstream and downstream.

9. Reported GORs may be calculated from export volumes which may not be at standard conditions.

10. When oil is brought to surface conditions it is usual for some natural gas to come out of solution.

11. Midstream operations are often included in the downstream category.

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