What is petroleum MT?
In Europe and especially the former Soviet Union, crude oil is measured in terms of weight and expressed in metric tonnes (“mt”), where one mt equals 2,204 lb. Although crude oils vary in density, a good “average” volume-to-weight conversion is 7.33 bbls/mt.
What is natural gas abbreviation?
“The demand for natural gas in the US is rising due to increasing consumption by electricity-generating and industrial sectors….
| Acronym | Definition |
|---|---|
| NG | Natural Gas |
| NG | Norwegian |
| NG | Not Going |
| NG | National Guard (US) |
What is the abbreviation of petroleum?
Oil & Gas Abbreviations & Acronyms
| A | |
|---|---|
| API | American Petroleum Institute |
| BACK TO TOP | |
| B | |
| bbl | Barrel of oil |
What does Mmbls stand for?
MMBbls means million barrels of oil or natural gas liquids.
What does PDP stand for in oil and gas?
Estimated future production from Proved Developed Producing (PDP) wells is a key component in developing oil and gas production forecasts, and is important in understanding macro supply dynamics, as well as more micro-level dynamics, for example at a well or operator level.
What is CSU oil and gas?
CSU – Commissioning and Start Up.
What does LWE mean in oil and gas?
That’s lease well and equipment.
What is MMstb?
MMstb means million stock tank barrels of oil.
How do you abbreviate barrels of oil?
When expressed in short form, oil carrying barrel is referred to as ‘bbl’ and not ‘bl’ though barrel has only one ‘b’ in it. Crude oil, when considered as unit volume, is measured in terms of a barrel. Canada and US measure crude in barrels having a capacity of 42 US gallons, which equals 159 litres.
What is PDP stand for?
PDP
| Acronym | Definition |
|---|---|
| PDP | Prescription Drug Plan (Medicare) |
| PDP | Portable DVD (Digital Versatile Disc) Player |
| PDP | Professional Development Program |
| PDP | PewDiePie |
What is PDP value?
PDP Present Value means the present value discounted at ten percent (10%) of future net revenues attributable to all Proved Producing Oil and Gas Interests set forth in any Qualified Reserve Report.
What does cP mean in oil and gas?
centiPoise
cP – centiPoise (Viscosity unit of measurement)