Oil and Economics

Everything in life have limitations, so in oil and gas exploration and production. So if you plan to spend your money on oil exploration you will see does the venture production exceed the spending. In short, profitable. So you need to consider the CAPEX (Capital expenditure), tax, royalty, and OPEX (Operational Expenditure). So, what kind of activities that requires capital expenditure, huh? First of all, project management and design. Then, material and equipment procurement. Besides, that it is fabrication. The fourth, transportation and installation. Finally, hook up and commissioning. And what does hook up and commisioning means?

Talk about the wind? Do you know what is gust? it is the wind averaging intervals that less than 1 minute. Like sex that last one minute is quickie though it is considered sex also. Most of the time when we do analysis on wind impact on any structure we assume the load is static, unless your structure is lanky and sensitive to wind. height/horizontal > 5.

Wave loading on an offshore structures is usually the most important of all environmental loadings.

Another engineeng word of the day that you should have a feel is appurtenaces. Appurtenaces is conprised of risers, J tubes, caissons, conductors, boat fenders, etc.