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Gas/oil ratio. When oil is produced to surface temperature and pressure it is usual for some natural gas to come out of solution. The gas/oil ratio (GOR) is the ratio of the volume of gas ("scf") that comes out of solution to the volume of oil — at standard conditions. In reservoir simulation gas/oil ratio is usually abbreviated .
Ratio of world proved oil reserves to production, 1980–2011 (US EIA) Ratio of world proved gas reserves to production, 1980–2011 The reserves-to-production ratio is the most widely quoted of the key indicators used in the oil and gas industry.
Both are typically obtained from the light gas oil cut. The name gasoil refers to the original use of this fraction in the late 19th and early 20th centuries—the gas oil cut was used as an enriching agent for carbureted water gas manufacture. [7] Number 3 fuel oil was a distillate oil for burners requiring low-viscosity fuel. ASTM merged this ...
AGT – (2) authorised gas tester (certified by OPITTO) AGT – (3) Azerbaijan – Georgia – Turkey (a region rich in oil related activity) [ 3] AHBDF – along hole (depth) below Derrick floor. AHD – along hole depth. AHU – air handling unit. AICD – autonomous inflow control device. AIChemE – American Institute of Chemical Engineers.
The barrel of oil equivalent ( BOE) is a unit of energy based on the approximate energy released by burning one barrel (42 US gallons, 35 imp gal or about 159 litres) of crude oil. The BOE is used by oil and gas companies in their financial statements as a way of combining oil and natural gas reserves and production into a single measure ...
On average, U.S. petroleum refineries produce about 19 to 20 gallons of gasoline, 11 to 13 gallons of distillate fuel diesel fuel and 3 to 4 gallons of jet fuel from each 42 gallon (152 liters) barrel of crude oil. The product ratio depends upon the processing in an oil refinery and the crude oil assay [12] (see § Etymology).
Gasoline gallon equivalent. Gasoline gallon equivalent ( GGE) or gasoline-equivalent gallon ( GEG) is the amount of an alternative fuel it takes to equal the energy content of one liquid gallon of gasoline. GGE allows consumers to compare the energy content of competing fuels against a commonly known fuel, namely gasoline.
A map of world oil consumption in barrels a day per capita, 2007. Daily oil consumption by region from 1980 to 2006. This is a list of countries by oil consumption.[ 1][ 2] In 2022, the International Energy Agency (IEA) announced that the total worldwide oil consumption would rise by 2% [ 3] year over year compared to 2021 despite the COVID-19 ...