Oil & Gas Industry Glossary of Selected Terms

Oil & Gas Industry Glossary of Selected Terms To Accompany a Range of Training Courses Offered to Industry Professionals Compiled by: DWA Energy Limited ( ). Acidising: the well stimulation technique of pumping hydrochloric acid down the well hole to enlarge the pore space in oil-bearing rocks, thus increasing oil flow and recovery. Acoustic log: a record of the time taken by a sound (acoustic) wave to travel over a certain distance through geological formations; also called a seismic log. ACQ Annual contract quantity: the amount of gas delivery specified for each contract year in a gas supply contract. Acreage: an area covered by a lease granted for oil and gas exploration. Actuals: physical cash commodities, as opposed to futures commodities. Additive: a chemical added to a product to improve its properties. AFE: Authority for Expenditure. Air gun: chamber from which compressed air is released to produce shock waves.

Oil & Gas Industry Glossary of Selected Terms To Accompany a Range of Training Courses Offered to Industry Professionals Compiled by: DWA Energy Limited (www.dwasolutions.com) Acidising: the well stimulation technique of pumping hydrochloric acid down the well hole to enlarge the pore space in oil-bearing rocks, thus increasing oil flow and ...

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