Posts Tagged ‘very heavy crude oil’

“BOE”

Definition  BOE is the acronym of Barrel of Oil Equivalent – a unit of energy based on the approximate energy released by burning one barrel of Crude oil. One Barrel contains 42 US gallons or 158.9873 litres of light crude oil which will produce 5.8 × 106 British Thermal Units (million BTU or […]

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Rosneft and Statoil sign for Barents & Okhotsk Seas Exploration

After ExxonMobil and ENI, Rosneft extends its domino strategy to Statoil Rosneft and Statoil signed a cooperation agreement to jointly explore offshore and onshore fields in the Russian sections The cooperation agreement also provides Rosneft with an opportunity to acquire interests in selected Statoil exploration licences and assets in the […]

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Heavy Crude Oil

Definition Heavy crude oil  and extra heavy crude oil is any type of  crude oil which does not flow easily. Physically heavy crude oil have higher viscosity and density or specific gravity with an heavier molecular composition Heavy crude oil has been defined as any liquid petroleum with an API gravity less than 20°. Extra Heavy crude […]

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CNOOC Bohai Bay revamping and extension project in China

In the Bohai bay of the Liaoning Province, in the northeast of China, the China National Offshore Oil Corporation (CNOOC), started production of very heavy crude oil from the Suizhong 36-1 offshore field in 1993. The second phase came on stream in year 2000. Now CNOOC announced to proceed to […]

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