Oil and Gas 101 - Challenge
Do you think you know Oil and Gas? Can you score 100? Join the Challenge!
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There are 10 questions covered in our Oil and Gas 101 Bundle course. Choose the best answer for each question. Each question is worth 10 points.
The three major segments of the O&G industry are:
Exploration, Drilling, Completion
Upstream, Transportation, Distribution
Production, Refining, Trading
Upstream, Midstream, Downstream
The most important O&G exploration success factor is:
Reserves to Production Ratio
Seismic Project Cost
Natural gas that occurs in crude oil reservoirs is called:
Natural gas formation
The two main determinants of crude oil quality, and its corresponding value are:
API Gravity, sulfur
The primary driver of wholesale product prices is:
The futures market
The burning of unwanted natural gas in oil production is referred to as:
What are major overhauls called when a refinery unit, or the entire plan, is shut down:
The permission for an Exploration department to drill onshore or offshore acreage is called:
The Mineral Rights
A drilling agreement
The first step in the midstream process is:
The ability to drive oil and gas to the surface with normal operations is called:
Lease Operating Expense - LOE
Enhanced Oil Recovery - EOR
You are all done!
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