Petroleum 101 - Energy Value Chain - Steve

21 Questions | Total Attempts: 156

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Energy Quizzes & Trivia

Questions and Answers
  • 1. 
    What are the three oilfield value chain components?
    • A. 

      Upstream, Midstream and downstream

    • B. 

      Oil, Gas and Water

    • C. 

      Rigs, Downhole Equipment, and Completions Equipment

  • 2. 
    The sector where crude oil, natural gas and gas liquids are transported and transformed into products for the retail market is called?
    • A. 

      OPEC

    • B. 

      Midstream

    • C. 

      Hydrocarbons

  • 3. 
    In which sector does NOV offer most of its products and services?
    • A. 

      Downstream

    • B. 

      Midstream

    • C. 

      Upsteam

  • 4. 
    What is a NOC?
    • A. 

      Norwegian Oil Congress

    • B. 

      North American Oil Council

    • C. 

      National Oil Companies

  • 5. 
    What companies below can be categorized as operators?
    • A. 

      Technip, FMC, NOV

    • B. 

      NOV, Halliburton, Schlumberger

    • C. 

      Statoil, NOV, Aker Solutions

    • D. 

      Statoil, Exxon, BP

  • 6. 
    The measurement of how easily a fluid flows through a permeable medium is measured in?
    • A. 

      Kelvin

    • B. 

      Psi

    • C. 

      Darcy

    • D. 

      Smith

  • 7. 
    What do the Drilling Contractors do?
    • A. 

      Drill and Provide operators with equipment and personnel needed to drill well

    • B. 

      Produce the hydrocarbon

    • C. 

      Draw out contracts between countries and companies

    • D. 

      Construct drilling rigs and platforms

  • 8. 
    What does STOOIP stand for?
    • A. 

      Standard Tool Of Operations In Production

    • B. 

      Stock Tank Oil Originally In Place

    • C. 

      Standard Tank Of Oil Initially Produced

  • 9. 
    An Indepentent is a smaller/ Non-major oil company involved in a single branch of the value chain
    • A. 

      True

    • B. 

      False

  • 10. 
    Most normal petroleum contract is
    • A. 

      Service Contract

    • B. 

      Production Sharing Contract

    • C. 

      Concession Agreement

    • D. 

      Risk Service Contract

  • 11. 
    Technically Recoverable Reserves is the amount of oil in the reservoir
    • A. 

      True

    • B. 

      False

  • 12. 
    What is not one of the major rock types?
    • A. 

      Metamorphic

    • B. 

      Sedimentary

    • C. 

      Granite

    • D. 

      Igneous

  • 13. 
    Conventional reservoirs usually have:
    • A. 

      Low Permeability and no cap rock

    • B. 

      Trap and seal

  • 14. 
    In unconventional drilling we often experience 
    • A. 

      Low Permeability

    • B. 

      High Permeability

  • 15. 
    What is not used to locate "oil fields"?
    • A. 

      Seismic

    • B. 

      Gravity

    • C. 

      Magnetic

    • D. 

      Fracking

  • 16. 
    Oil is most often located in
    • A. 

      Metamorphic Rock

    • B. 

      Igneous Rock

    • C. 

      Sedimentary Rock

    • D. 

      Permiable Rock

  • 17. 
    What is Gamma used to identify?
    • A. 

      Oil

    • B. 

      Water

    • C. 

      Shale

    • D. 

      Limestone

  • 18. 
    Reserves anticipated to be recoverable using currently or soon to be available technology
    • A. 

      Technically Recoverable

    • B. 

      Total

    • C. 

      Proven

    • D. 

      Probable

  • 19. 
    The reserves important to the U.S. SEC and other business entities is:
    • A. 

      Total

    • B. 

      Technically Recoverable

    • C. 

      Proved

    • D. 

      Probable

  • 20. 
    What does Compensated Neutron measure?
    • A. 

      Hydrogen

    • B. 

      Density

    • C. 

      Porosity

    • D. 

      Permiability

  • 21. 
    What is resistivity used for?
    • A. 

      Permiability

    • B. 

      Sand / Shale

    • C. 

      Gas / Oil

    • D. 

      Oil / water

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