Petroleum 101 - Energy Value Chain - Steve

21 Questions | By Pet101NOV | Updated: Mar 19, 2022 | Attempts: 325

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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