Introduction to Exploration Economics by R. E. Megill

By R. E. Megill

Covers every thing from minimal fee of go back to laptop courses for financial review. incorporates a convenient thesaurus and record of acronyms.

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Extra resources for Introduction to Exploration Economics

Sample text

Most of the documents cite other such codes and standards; so, some apparently simple specification may actually be very complex. Some of the more important documents of the more influential organizations are discussed here. Refer to these documents for bibliographies of the many more that are available. A. American National Standards Institute (ANSI) is the publishing organization for standards written by several other technical societies or associations such as. the American Society of Mechanical Engineers (ASME) and the Institute of Electrical and Electronic Engineers (IEEE).

Pressures will change only due to changes in flowing conditions. Excess flow type tubing safety valves depend upon the restriction of flow in the tubing above arid in the wellhead to limit flow a point below the setting of the safety valve. When this restriction is lost then the pressure drop across the sensor inside the safety valve exceeds the preset value and the valve shuts. Pressure-sensing tubing safety valves (Fig. 2) are designed to use the flow restricuon of the formation and the tubing below it (ahead of it) to limit the pressure at the valve.

Safe condition. Failure-Improper performance of a device or equipment item that prevents completion of its design function (see malfunction). Fire loop-A control line, usually pneumatic, containing temperaturesensing elements (fusible plugs, plastic or rubber tubing) which, when activated, will initiate shutdown. Usually a part of the ESD system. Fired vessel-A vessel in which the temperature of a fluid is increased by an internal flame. Flow line-Well stream piping between the wellhead and the first process component.

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