Glossary
Terms Used in Oil Production
Barrel — A unit of measurement used in the oil industry for oil and petroleum products. One barrel equals 158.978 litres or 42 U.S. gallons. Barrels per day — A unit of measurement used in the industry for the production rates of oil fields, pipelines, and transportation — normally calculated as an average figure over a longer period of time. Abbreviated to bpd, b/d, or bbl/d.Crude oil — A mineral oil consisting of a mixture of hydrocarbons that existed in liquid phase in underground reservoirs and remains liquid at atmospheric pressure after passing through surface separating facilities.Fuel oils — Oil…
