entahla test 1

The following statements are true about upstream sector in oil and gas industry, EXCEPT

• Subsea engineering is one of the technologies that boost the profit of unconventional upstream developments.

• Operator performs geophysical and geological surveys to determine the first well site, often called as “wildcat well’.

• Oilfield services companies normally own the assets that contain hydrocarbon reserves.

• Some of the largest oil and gas discoveries of the last 10 years have been found in deep water off the coast of South America and the Gulf of Mexico.

The followings describe the midstream business characteristics.

• Contains regulated components.

• A low-risk business

• Market prices affect demand

• Impact by global politics

The following are the following members of OPEC, EXCEPT

• Saudi Arabia

• Bahrain

• Iran

• Iraq

The biggest consumers of oil in 2015 are

• South Korea and Brazil

• Russia and China

• United States of America and China

• Germany and Saudi Arabia

The following are scenarios for Malaysia to continue being a Net Oil Exporting country, EXCEPT

• Lookout for technology advances to improve overall energy efficiency in the industrial sectors.

• Increase subsidy of gasoline and other petroleum related products.

• Deploy enhanced oil recovery to depleting fields.

• Increase CAPEX investment for exploration activities.

The following explain about unconventional upstream oil and gas characteristics, EXCEPT

• Fracking is the process of injecting chemicals, water, and sand into wells under very high pressure.

• Horizontal wells increase the size of the drill pad footprint.

• Horizontal drilling and subsea engineering are among the technologies that have made unconventional developments profitable.

• Unconventional resources are defined as any resource extracted by any method other than the traditional vertical well.

The following list the key players in midstream oil and gas sector.

• TransCanada

• British Petroleum

• Halliburton

• Spectra Energy

One of oil and gas refinery products are light distillates as listed below, EXCEPT

• Naphtha

• Gasoline

• Kerosene

• Liquid Petroleum Gas

Choose the CORRECT statements about the midstream operating components.

• Natural gas primarily methane, enter a large diameter transmission pipeline to be moved to end users.

• LNG is natural gas that has been converted to liquid for easier transport and storage. This occurs when the gas is cooled to -162 degrees Fahrenheit.

• Surface units in field processing are designed to separate oil and gas from the wastewater.

• Natural gas which flows at much higher pressure than crude oil, is most often transported in large diameter inter and intrastate regulated pipelines.

Select the function of appraisal phase in an oil and gas field life cycle.

• Delineate the physical dimensions of the field

• Calculate the field’s development potential

• Extract, process, and export oil and gas

• Define oil and gas volumes and reservoir rock characteristics