Data Mining Techniques

Study Notes

The oil and natural gas industry is a significant contributor to the global economy, with the United States, Saudi Arabia, and Russia being the top three oil-producing countries.

E&P involves the search for and extraction of hydrocarbons (oil and natural gas) from the earth, with the process divided into upstream, midstream, and downstream operations.
Upstream operations include exploration, drilling, and production of crude oil and natural gas.
Midstream operations involve the transportation, storage, and processing of oil and gas products.
Downstream operations include refining, marketing, and distribution of petroleum products.

Oil and gas reserves refer to the amount of hydrocarbons that can be economically extracted from a known field or reservoir.
Oil and gas resources refer to the total amount of hydrocarbons in place, including reserves and undiscovered hydrocarbons.

Conventional hydrocarbons include oil and natural gas found in traditional reservoirs, such as sandstone and limestone formations.
Unconventional hydrocarbons include shale gas, coal bed methane, and oil sands, which require specialized extraction techniques.

Proven oil reserves total approximately 1.47 trillion barrels, with the top five countries being Venezuela, Saudi Arabia, Canada, Iran, and Iraq.
Natural gas reserves total approximately 185 trillion cubic meters, with the top five countries being Iran, Qatar, Russia, Saudi Arabia, and the United States.

The oil and natural gas industry is a significant contributor to the global economy, with the United States, Saudi Arabia, and Russia being the top three oil-producing countries.

E&P involves the search for and extraction of hydrocarbons (oil and natural gas) from the earth, with the process divided into upstream, midstream, and downstream operations.
Upstream operations include exploration, drilling, and production of crude oil and natural gas.
Midstream operations involve the transportation, storage, and processing of oil and gas products.
Downstream operations include refining, marketing, and distribution of petroleum products.

Oil and gas reserves refer to the amount of hydrocarbons that can be economically extracted from a known field or reservoir.
Oil and gas resources refer to the total amount of hydrocarbons in place, including reserves and undiscovered hydrocarbons.

Conventional hydrocarbons include oil and natural gas found in traditional reservoirs, such as sandstone and limestone formations.
Unconventional hydrocarbons include shale gas, coal bed methane, and oil sands, which require specialized extraction techniques.

Proven oil reserves total approximately 1.47 trillion barrels, with the top five countries being Venezuela, Saudi Arabia, Canada, Iran, and Iraq.
Natural gas reserves total approximately 185 trillion cubic meters, with the top five countries being Iran, Qatar, Russia, Saudi Arabia, and the United States.