Posts Tagged ‘pre-salt’

Petrobras in brief

Find out how our energy can create a better world Petroleo Brasileiro SA (Petrobras) was founded in 1953 and is today the largest corporation in Brazil operating in 27 countries outside of Brazil, highlighting United States and West Coast of Africa. Petrobras is listed on San Paulo ADR and on NYSE but […]

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Depletion

Definition  Depletion refers to the decline of production of an oil or gas field. Depletion may also be used for accounting in a similar way as depreciation to allow an owner or operator to account for the reduction of a product’s reserves. For tax purposes, there are two types of depletion; cost […]

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Subsea Electrical System

Definition: “Subsea Electrical System” refers to all the solutions to transport and distribute electrical power from the land or an Offshore operating unit, such as platform or FPSO, to supply seabed operating units like compressors, pumps, valves, etc… Comments: Normally electricity and water do not fit too well together, so it may […]

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