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  • Exploration, development and production evaluation and operations
  • Field development and rehabilitation
  • Reserves and resources reporting requirements or statutory reporting or financing purposes
  • Due diligence property evaluation and valuation for acquisition, divestiture or dispute resolution
  • Midstream and downstream facilities and economic evaluation
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Why is oil and gas important?

The oil and natural gas industry is the backbone of the American economy and what happens in the industry reverberates throughout the entire economy. That's because the industry supports more than 9 million American jobs and makes significant economic contributions as an employer and purchaser of American goods and services. In 2009, the most recent year for which data is available, the industry supported a total value added to the national economy of more than $1 trillion or 7.7 percent of the U.S. gross domestic product.


What is MMBO?

MMBO stands for "million barrels of oil." It is a unit of measurement used to quantify large volumes of oil production or reserves in the oil and gas industry. This unit helps in easily understanding and comparing the scale of oil-related data.


What does Mcf stand for?

Mcf stands for thousand cubic feet, a unit of measurement commonly used in the oil and gas industry to quantify natural gas production or consumption.


Name 3 types of fossil fuels?

1. Oil 2. Coal 3. Natural Gas...


What is the Role of reservoir geologist in petroleum industry?

A reservoir geologist in the petroleum industry studies the geology of subsurface rock formations to evaluate and predict the distribution and quality of oil and gas reservoirs. They use various geological data and models to assess the potential of reservoirs for exploration and production, helping in making informed decisions about drilling locations and extraction strategies. Their work is crucial in maximizing the recovery of hydrocarbons from a reservoir.