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Terms in Glossary

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Tutorials & Guides

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Probabilistic Estimate (Risk)

Navigating Uncertainty: The Power of Probabilistic Estimates in Oil & Gas

In the volatile world of oil and gas, project success hinges on accurate cost estimations. But traditional deterministic es…

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Depreciation, Declining Balance

Declining Balance Depreciation: A Powerful Tool for Tax Optimization

Depreciation is a crucial concept in accounting, reflecting the gradual decline in value of an asset over time. While various met…

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Physical Configuration Audit

Physical Configuration Audit: Ensuring Oil & Gas Assets Meet Design Specifications

In the high-stakes world of oil and gas, ensuring the safety, reliability, and efficiency of assets is paramount. T…

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Cost Account Breakdown

Cost Account Breakdown: A Key to Accurate Cost Estimation and Control

In the realm of cost estimation and control, accuracy is paramount. To achieve this, a crucial step involves breaking down the o…

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Fluid Loss Coefficient liquid filled

Understanding Fluid Loss Coefficient in Oil & Gas: A Crucial Measure of Well Integrity

In the oil and gas industry, fluid loss coefficient is a critical parameter used to assess the integrity of wel…

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Flow meter

Flow Meter: A Crucial Component in Oil & Gas Operations

Flow meters are indispensable tools in the oil and gas industry, playing a crucial role in accurately measuring the volume of fluids flowing t…

On The Wire


April 10, 2023

Dangerous substances

Explosive substances and preparations: solid, liquid, pasty or gelatinous substances and preparatio…

April 1, 2023

ASME/ANSI B36.10/19

ASME/ANSI B36.10/19

May 10, 2023

What Is a Work Breakdown Structure?

ccess the management of any type of project you need to use the right planning techniques :

April 24, 2024

Plant Layout and Spacing

This Design Guide describes the minimum requirements for layout and spacing of equipment for refin…

Nov. 28, 2023

Pipeline Cathodic Protection System

Although the basic theory of cathodic protection is very simple - making the entire surface of the …

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