Glossary

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Comprehensive glossary of industry terms

View definitions of oil and gas industry terms below.

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A

Abandonment

Converting 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 Well

A well that is currently producing oil or natural gas.

API Gravity

A measure of the relative density of a petroleum liquid. If one petroleum liquid floats on another it has a greater API gravity.

B

Battery

Equipment to process or store crude oil from one or more wells.

Benchmarking measures

Data and information used as a point of reference against which industry performance is measured.

Benzene

A 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.

Bitumen

Petroleum 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 pump

A 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.

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