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GLOSSARY
Oil mining: Application of a mining method to the recovery of
bitumen.
OOIP (Oil originally in place or Original oil in place): The quantity of petroleum existing in a reservoir before oil recovery operations begin.
Open-loop biomass: Biomass that can be used to produce energy
and bioproducts even though it was not grown specifically for
this purpose; include agricultural livestock waste, residues
from forest harvesting operations and crop harvesting.
Operator: The individual, company, trust, or foundation responsible for the exploration, development, and production of an oil
or gas well or lease.
Oxygenate: A substance which, when added to gasoline, increases
the amount of oxygen in that gasoline blend; includes fuel ethanol, methanol, and methyl tertiary butyl ether (MTBE).
P
Particulate emissions: particles of a solid or liquid suspended in a
gas, or the fine particles of carbonaceous soot and other organic
molecules discharged into the air during combustion.
Particulate: A small, discrete mass of solid or liquid matter that
remains individually dispersed in gas or liquid emissions.
Pay zone thickness: The depth of a tar sand deposit from which
bitumen (or a product) can be recovered.
Permeability: The ease of flow of the water through the rock.
Petrol: A term commonly used in some countries for gasoline.
Petrolatum: A semisolid product, ranging from white to yellow in color, produced during refining of residual stocks; see
Petroleum jelly.
Photosynthesis: Process by which chlorophyll-containing cells in
green plants concert incident light to chemical energy, capturing carbon dioxide in the form of carbohydrates.
Pour point: The lowest temperature at which oil will pour or
flow when it is chilled without disturbance under definite
conditions.
Present value of future revenues: The pretax present value of estimated future revenues to be generated from the production of
proved reserves, net of estimated production and future development costs. Future net revenues are discounted to a present
value of an annual discount rate whcih is typically 10%.
GLOSSARY
Oil mining: Application of a mining method to the recovery of
bitumen.
OOIP (Oil originally in place or Original oil in place): The quantity of petroleum existing in a reservoir before oil recovery operations begin.
Open-loop biomass: Biomass that can be used to produce energy
and bioproducts even though it was not grown specifically for
this purpose; include agricultural livestock waste, residues
from forest harvesting operations and crop harvesting.
Operator: The individual, company, trust, or foundation responsible for the exploration, development, and production of an oil
or gas well or lease.
Oxygenate: A substance which, when added to gasoline, increases
the amount of oxygen in that gasoline blend; includes fuel ethanol, methanol, and methyl tertiary butyl ether (MTBE).
P
Particulate emissions: particles of a solid or liquid suspended in a
gas, or the fine particles of carbonaceous soot and other organic
molecules discharged into the air during combustion.
Particulate: A small, discrete mass of solid or liquid matter that
remains individually dispersed in gas or liquid emissions.
Pay zone thickness: The depth of a tar sand deposit from which
bitumen (or a product) can be recovered.
Permeability: The ease of flow of the water through the rock.
Petrol: A term commonly used in some countries for gasoline.
Petrolatum: A semisolid product, ranging from white to yellow in color, produced during refining of residual stocks; see
Petroleum jelly.
Photosynthesis: Process by which chlorophyll-containing cells in
green plants concert incident light to chemical energy, capturing carbon dioxide in the form of carbohydrates.
Pour point: The lowest temperature at which oil will pour or
flow when it is chilled without disturbance under definite
conditions.
Present value of future revenues: The pretax present value of estimated future revenues to be generated from the production of
proved reserves, net of estimated production and future development costs. Future net revenues are discounted to a present
value of an annual discount rate whcih is typically 10%.