The Demand and Supply is one of fundamental concepts of economics that will help us understand about oil price in a free market environment.
In order to give you a simple concept of demand and supply, please look at the fresh market image below (Figure 1).
Figure 1 – Fresh Market Continue reading
Wellhead installation is one of most fascinating topics and it is very difficult to visualize how this operation is performed. However, if you see this video, it will make the learning process so easy. This video demonstrate how to a stack wellhead from the beginning to the end of the process. Furthermore, we also add full video transcript which may help some learners to let more understanding.
Full VDO Transcript
There may be several strings of pipe in any given well. The number of the strings is determined by the number of zones being drilled through. These can include freshwater, saltwater and potential productions zones. Depicted here are 4 production or ‘pay zones’. Each zone would be cased off or isolated until it is to be produced.
Job Safety Analysis (JSA) is an important to any health and safety program. It is one of many risk assessment tools that can be used in a formal hazard assessment process to identify and control hazard.
Many works are injured or killed because they don’t know the right steps or don’t recognize the potential hazard of the job. JSA helps establish proper operating procedures and provide recommendations for preventing or eliminating hazards. Continue reading
Many people ask us every time about well control but many of them understand that well control is when the rigs are burn. This is not the right concept.
Well Control is a situation when hydrostatic pressure in a wellbore is less than formation pressure therefore reservoir fluid will come into a well. If a well control situation is not taking care of properly, it will result in blow like you can see in the VDO below.
The short VDO, only 1 minute and 34 seconds, clearly show that what will be happening if the well cannot be control.
You shake interviewer’s hand and head back home quite happily thinking that you have nailed the interview and you think you should be offered a job in oil and gas industry. One week later…. And still you haven’t received the call.
A survey was conducted by Career Builder in December 2014. It involved 2,100 HR and hiring managers. According to this survey about 50% of the hiring managers said that they knew enough about the candidate within the first 5 minutes of the interview to make the hiring decision. And within 15 minutes of the interview about 90% of the interviewers make their decision. So the smooth interview you had could mean that hiring manger from very beginning had decided that you were not a good fit. Continue reading
