Oil and Gas Industry Overview

Raw materials for the oil and gas industry

• Crude Oil

• Natural Gas

• Crude Oil and Natural Gas

WTI stands for

Which activity is supposed to be part of midstream?

• Exploration

• Transportation

• Refining

• Retail Marketing

What is the first step in well life cycle?

• Exploration

• Drilling

• Evaluation

• Completion

• Production

The major constituent of natural gas is

• Methane

• Ethane

• Butane

• Propane

Refinery is a place where

• Crude oil is distilled

• Impurities from the products are removed

• Products are blended

• All of the above

Gasoline is heavier than Diesel

• True

• False

Crude oil is distilled at _______________ pressure

The most accurate form of surveying during oil and gas exploration would be

• Aerial Survey

• Geological Survey

• Magnetic Survey

• Seismic Survey

OPEC stands for

• Organization of the Petroleum Exporting Council

• Organization of the Petroleum Extracting Countries

• Organization of the Petroleum Exporting Countries

• Objectives of the Petroleum Exporting Countries