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Terms in Glossary

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Tutorials & Guides

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Variance

Variance: A Crucial Tool for Cost Estimation & Control

In the realm of project management, accuracy and efficiency are paramount. To achieve these goals, a robust system for cost estimation and cont…

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Inspection In-Process

The Power of Prevention: Understanding In-Process Inspection in QA/QC

In the realm of quality assurance and control (QA/QC), in-process inspection plays a crucial role in ensuring product quality an…

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MRP

Material Requirements Planning (MRP) in Oil & Gas: A Vital Tool for Efficiency

Summary: Material Requirements Planning (MRP) is a powerful tool used in the Oil & Gas industry to streamline operation…

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Dead Well

The Dead Well: A Silent Giant in the Oil & Gas Industry

The oil and gas industry is a complex web of interconnected processes, where every component plays a crucial role in the extraction and refine…

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Market Value Added

Market Value Added (MVA) in Oil & Gas: A Key Metric for Assessing Performance

Market Value Added (MVA) is a widely used financial metric in the Oil & Gas industry to measure a company's success in c…

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driller

The Driller: The Mastermind Behind the Drilling Rig

In the heart of the oil and gas industry, where the earth's secrets are unearthed, lies the crucial role of the driller. This individual, often de…

On The Wire


April 10, 2023

Dangerous substances

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

April 9, 2023

Project Control PLAN

CONTRACTOR’s primary objective for Project Controls function is to provide timely and accurate info…

April 9, 2023

HAZOP Study

This guide describes the commonly recommended method of preparing, executing, implementing and repo…

July 10, 2024

Regulation and Control Loops

The operation and control of any processing or production method require mastery of the parameters …

April 10, 2023

Project Hazop Procedure

This document defines the procedure to be used for Hazard and Operability (HAZOP) Reviews.

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