Definitions for oil field
This page provides all possible meanings and translations of the word oil field
An area under which are reserves of petroleum, especially one with productive oil wells.
The term "oil field" or "oilfield" refers to a region with an abundance of oil wells extracting petroleum from below ground. Because the oil reservoirs typically extend over a large area, possibly several hundred kilometres across, full exploitation entails multiple wells scattered across the area. In addition, there may be exploratory wells probing the edges, pipelines to transport the oil elsewhere, and support facilities. Because an oil field may be remote from civilization, establishing a field is often an extremely complicated exercise in logistics. For instance, workers have to work there for months or years and require housing. In turn, housing and equipment require electricity and water. Pipelines in cold areas may need to be heated. Excess natural gas may be burned off if there is no way to make use of it, requiring a furnace and stacks, and pipes to carry it from well to furnace. Thus, the typical oil field resembles a small, self-contained town in the midst of a landscape dotted with drilling rigs and/or the pump jacks known as "nodding donkeys" because of their bobbing arm. Several companies, such as BJ Services, Bechtel, Esso, Schlumberger Limited, Baker Hughes and Halliburton, have organizations that specialize in the large-scale construction of the infrastructure and providing specialized services required to operate a field profitably.9³
Sample Sentences & Example Usage
It's a national security case either way, whether he's selling blue jeans or oil field equipment ... the point is to starve the Iranian economy and make them come to the table.
Energy has gotten hit so hard, we are not shorting it in a dramatically greater proportion to the overall market, our energy short exposure is basically in select pipelines and oil field services companies.
I think the oil field idea is a bad idea, but his idea that the government of Iran and Iraq are in cahoots and working together and causing problems for the United States to be successful is absolutely true, in this case, the substance, I generally agree with Donald Trump.
More importantly, these (dividend) levels will keep the pressure on the majors to prioritise projects and not to fuel another OFS (oil field service) inflation spiral, a focus on returns rather than growth should allow these companies to outperform in what is likely a low-growth world.
Companies that produce meat, fruit and other food have a unique opportunity to grow their operations as imports are restricted by Russia's so-called anti-sanctions, similarly, local producers of oil field equipment have a chance to try to develop their analogues of formerly imported products, now that the sanctions are here to stay for an extended period.
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