Comprehensive glossary of industry terms
View definitions of oil and gas industry terms below.
A |
AbandonmentConverting a drilled well to a condition that can be left indefinitely without further attention and will not damage freshwater supplies, potential petroleum reservoirs or the environment. Active WellA well that is currently producing oil or natural gas. API GravityA measure of the relative density of a petroleum liquid. If one petroleum liquid floats on another it has a greater API gravity. |
B |
BatteryEquipment to process or store crude oil from one or more wells. Benchmarking measuresData and information used as a point of reference against which industry performance is measured. BenzeneA light aromatic hydrocarbon, which occurs naturally as a part of oil and natural gas activity. It’s considered to be a non-threshold carcinogen and is an occupational and public health concern. BitumenPetroleum in semi-solid or solid forms. |
C |
Carbon capture and storage (CCS)The process of taking waste carbon dioxide and transporting it to a storage site, normally underground in a specific type of geological formation. Centrifugal pumpA rotating pump, commonly used for large-volume oil and natural gas pipelines, that takes in fluids near the centre and accelerates them as they move to the outlet on the outer rim. |
