Fundamentals
What is a petroleum product? Give one example.
Petroleum products (e.g. gasoline, Kerosene, …….) are all the substances made of Petroleum
What were the primary uses of crude oil in ancient times?
Sealant, glue, medicine, warfare
What year and what was the depth of the first well drilled for oil in Trinidad in the vicinity of the Pitch Lake by the Merrimac Company
1857n and 250ft deep
Seven disciplines of petroleum engineering
Geophysicists and Geologists
–Petrophysicists
–Drilling Engineers
–Logging Engineers
–Completion Engineers
–Production Engineers
–Reservoir Engineers
What does crude oil consists of?
Crude Oil is a mixture of hydrocarbons that exist in liquid phase in underground reservoirs and remains liquid at atmospheric pressures.
Before discovering how kerosene could be distilled from crude oil, list common sources of illumination.
Candles, whale oil
1972
Trinidad and Tobago National Petroleum Marketing Company created.
Commercial production began offshore the East Coast of Trinidad … from AMOCO’s Teak Platform.
Delta Exploration Co., contracted to conduct a seismic survey of 2 million acres of offshore territory in East Coast and Gulf of Paria.
Sources of Revenue in the O&G Value Chain
1.Acquisition Costs
2.Crude Oil and Natural Gas Sales
3.Transportation Tariffs
4.Ex-refinery Product Sales
5.Product Retail Sales
What is natural gas composed of?
Natural Gas is a mixture of hydrocarbon compounds and some non-hydrocarbons that exist either in gaseous phase or in solution with oil in underground reservoirs.
What is considered the world's first oilwell? When and where was it drilled?
Drake well, 1859, Pennsylvania
What year LNG Consortium forms Atlantic LNG.
1995
What are the 3 P's associated with reserves
Proved, Probable and Possible
What does Petroleum means? State the origin of the words that form petroleum.
Petroleum means Rock Oil. The word comes from the Greek word “Petra” meaning Rock and the Latin word “Oleum” meaning oil.
What well is considered the largest gusher in the history of the oil industry? When and where was it drilled?
Spindletop, 1901, Texas
What year and depth was the first successful oil well drilled by Walter Darwent at Aripero
1866 160ft
What are the top three uses of downstream gas in T&T?
LNG, Ammonia, Methanol
State the two theories explaining the origin of oil
1-Organic Theory (Biotic Theory)
2- Inorganic Theory (Abiogenic/Abiotic Theory)
What is OPEC and why was it formed?
An organization consisting of the world's major oil-exporting nations, formed in 1960 to coordinate the petroleum policies of its members, and to provide member states with technical and economic aid.
Methanol Plant at Point Lisas begins commercial production.
1984 Methanol Plant at Point Lisas begins commercial production.
What is the approximate total production (crude oil and condensate) daily in Trinidad for 2018?
67,000 BOPD