Fundamentals of Oil & Gas Business

ASSIGNMENT A

What is the issue of European Network Model - Gas Flow Modelling?
Answer:

2. What is the methodology used to resolve the issue of European Network Model - Gas Flow Modelling?
 Answer:

What is the issue of hydraulic study of the Master Gas System Expansion?
Answer:

4. What is the methodology used to resolve the issue of Hydraulic Study of the Master Gas System Expansion?
Answer:

5. What are the benefits of SynerGEE network modelling tool?

ASSIGNMENT B

1. Draw a block diagram showing the flow of gas and its components from a gas field offshore to further processing and generation of ethylene based petrochemicals.
Answer:

2.  What is natural gas? Describe the physical and chemical properties of natural gas.
Answer:

 

3.  Case Detail: There is no case study. You only need to answer the question

Write short notes on any four of the following:

Crude Oil and Natural Gas:

History of Oil & Gas Industry:

Types of drilling:

Product specifications for products to be refined in a refinery
Answer:

ASSIGNMENT C

Question No: 1
Which of the following is an organization formed in 1961 to administer a common policy for the sale of petroleum?

Organization of Petroleum Importing Countries
Organization of Petroleum Exporting Countries
Organization of Oil Exporting Countries
Organization of Petrol Exporting Countries

Question No: 2
Kuwait’s oil reserves are the ------- largest in the world

Second
Third
Fourth
Fifth

Question No: 3
Which of the following is the world’s largest oil exporter?

Saudi Arabia
Russia
America
None of the above

Question No: 4
The single largest oil producing country in the world is

China
Russia
Saudi Arabia
Pakistan

Question No: 5
The production of Saudi Arabia is ------- million barriel oil per day

10000
10121
10124000
None of the above

Question No: 6
During the ------- century, the industrial revolution created the demand of lighting, fuel and lubricating oils for the machineries

Eighteenth
Twenty
Forty
None of the Above

Question No: 7
The first effort for production of petroleum by digging wells were reported in ------- in the year 600 BC.

India
Russia
China
USSR

Question No: 8
Plastic end products like Polythene and PVC are made by polymerization of ------- and vinyl chloride.

Ethylene
Methyle
Ethane
Chlorine

Question No: 9
Vinyl chloride is made by reaction of ethane with -------

Ethylene
Methyle
Ethane
Chlorine

Question No: 10
In India, the oilfield in Digboi was discovered during the later part of ------- century

Eighteenth
Nineteenth
twenth
Twenty first

Question No: 11
Application of asphalt was also made for the construction of

Oil refinerys
Wells
Pyramids.
All of the above

Question No: 12
The two types of sales forecasts are -

Industry and the market sales forecasts
Industry and the price forecasts
Industry and the company sales forecasts
None of the above

Question No: 13
The new product development process starts with -

Screening
Idea generation
Product development
None of the above

Question No: 14
The process of creating and developing product specifications that optimize the function, value and appearance of a product is -

Product design
Market design
Industrial design
None of the above

Question No: 15
Setting a price at or near competitive levels is -

Penetration pricing
Parity pricing
Competition pricing
Both (a) and (c)

Question No: 16
In advertising, GRP stands for –

Grand rating points
Growth rating points
Gross rating points
None of the above

Question No: 17
Inventory cost is -

Annual sales/inventory turnover X inventory carrying cost
Total sales/inventory carrying cost
Total cost/annual cost
Both (b) and (c)

Question No: 18
The systematic design, collection, analysis, and reporting of data relevant to a specific marketing situation facing an organization is -

Market research
Marketing research
Product research
Both (a) and (c)

Question No: 19
The collection of businesses and products that make-up the company is -

Product portfolio
Business portfolio
Market portfolio
Both (a) and (c)

Question No: 20
Two or more outlets that are commonly owned and controlled are -

Business stores
Chain stores
Products
None of the above

Question No: 21
Naphthenes consist of carbon rings, with/without side chains

TRUE
False
Can't Say
None of the Above

Question No: 22
The more number of carbon atoms a hydrocarbon molecule has

The heavier it is
The lighter it is
The more number of hydrogen atoms a hydrocarbon molecule has the heavier it is
None of the above

Question No: 23
The phase of the hydrocarbon depends on the ------- joined together in a chain

Number of carbon and hydrogen atoms
Number of hydrogen atoms
Number of carbon atoms
The statement is irrelevant as there are no phases of hydrocarbons

Question No: 24
LNG is known as

Liquid Nitrogen gas
Liquified Nitrogen gas
Liquid Neon gas
Liquified Neon gas

Question No: 25
The hydrocarbons in Natural gas can be -------

Methane
Ethane
Propane
All of the above

Question No: 26
Crude oil is popularly known as

Well fluid
Oilfield
Petroleum
Petro Chemical

Question No: 27
One million tons per year of crude is equal to

Fifteen thousand
Ten thousand
Twenty thousand
Twenty five thousand

Question No: 28
A barrel of average crude oil weighs ------- ton, as a thumb rule

0.15
0.2
0.1
0.25

Question No: 29
Which among the following is recovered from underground reservoirs, normally 1000 – 5000 meters down the earth.

Petrol
Well fluid
Crude Oil
Carbon dioxide

Question No: 30
The fluid that comes out of the well in an oilfield or gas field is called

Well fluid
Reservoir
Petrol
All of the above

Question No: 31
To produce ------- from the reservoir, wells are drilled through the surface of the earth.

Oil
Gas
Liquid
Petrol

Question No: 32
The surface on earth below the reservoir is called

Oilfield
gas field
Condensate field
None of the above

Question No: 33
The solid and semi-solid forms of petroleum are called

Asphalt and Tar
Tar and Asphalt
Tar and coal
None of the above

Question No: 34
Which among the following are the combinations of carbon and hydrogen atoms?

Methane
Wax
Ethane
All of the above

Question No: 35
The most accepted theory for the occurance of hydrocarbons is

Petroleum theory
Inorganic theory
Organic theory
Fundamental theory

Question No: 36
Petroleum is a word derived from the ------- words Petra and Oleum

French
Latin
German
American

Question No: 37
It is important to understand the trend and future of the industry in terms of -------

Technology
Economics
Pricing
All of the above
Question No: 38
More than ------- percent of the energy needed in the world is provided by oil and gas.

80
60
65
72

Question No: 39
Oil business has been responsible for prosperity, war, intrigues and adventure

Prosperity
War
Intrigues
All of the above

Question No: 40
The history of oil traces back to seepages of oil as early as ------- B.C.

3000
2000
1500
4000