GLOSSARY

Spud

Commencement of drilling operations.
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Spot Market

International market in which oil or oil products are traded for ...
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Sedimentary Rock

Formed by consolidation of deposits formed by settlement of sand, silt, ...
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Source Rock

Rocks containing sufficient organic substances to generate hydrocarbons.
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Stratigraphic Traps

Originate where suitable combination of rock types is deposited in a ...
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Structural Traps

Formed by Earth movements that fold rocks into suitable shapes or ...
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Subsalt

Refers to rock formations lying beneath long, horizontal layers of salt. ...
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Slug Catcher

Plant installed in a gas pipeline system to catch unwanted "slugs" ...
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Subsea Manifolds

  Allows wells to be put on production without need to ...
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