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Oilfield terminology refers to the jargon used by those working in fields within and related to the upstream segment of the petroleum industry. It includes words and phrases describing professions, equipment, and procedures specific to the industry. It may also include slang terms used by oilfield workers to describe the same.
Kibsgaard started his career with ExxonMobil in 1992, and joined Schlumberger in 1997. He became its CEO in August 2011, succeeding Andrew Gould, who retired as chairman and CEO. He was replaced by Oliver Le Peuch in August 2019. Under his leadership, the company laid off approximately 70,000 employees in less than three years.
The East Texas Oil Field is a large oil and gas field in east Texas.Covering 140,000 acres (57,000 ha) and parts of five counties, and having 30,340 historic and active oil wells, it is the second-largest oil field in the United States outside Alaska, and first in total volume of oil recovered since its discovery in 1930.
Schlumberger Oilfield Glossary July-11; Oil Drum Acronyms July-11; Oiltrashgear Oilfield Acronyms & Terminology November-15; OCIMF Acronyms Oct-11; SPWLA Petrophysical Curve Names and Mnemonics Oct-11; American Royalty Council Glossary Nov-11; Technip Glossary Apr-13
A company that provides products and/or services to the oil and gas industry. Usually a combination of labor, equipment, and/or other support services. Examples include Schlumberger, Halliburton, Saipem and Baker Hughes. Oil Equipment Manufacturer: A company that specializes in the sale and distribution of equipment to the oil and gas industry.
Saipem S.p.A. (Società Anonima Italiana Perforazioni E Montaggi lit.Drilling and Assembly Italian Public Limited Company) is an Italian multinational oilfield services company and one of the largest in the world.
The oil and gas industry is usually divided into three major components: upstream, midstream and downstream.The midstream sector involves the transportation (by pipeline, rail, barge, oil tanker or truck), storage, and wholesale marketing of crude or refined petroleum products.
Turnkey refers to something that is ready for immediate use, generally used in the sale or supply of goods or services. The word is a reference to the fact that the customer, upon receiving the product, just needs to turn the ignition key to make it operational, or that the key just needs to be turned over to the customer.