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Gas-Oil Ratio

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gas-oil ratio [¦gas ¦ȯil ‚rā·shō]
(petroleum engineering)
Approximation of oil-reservoir composition, expressed in cubic feet of gas per barrel of liquid at 14.7 psia and 60°F (15.6°C).
Gas-Oil Ratio 

the ratio between the amount of gas (in cu m) obtained from a deposit through a well, reduced to atmospheric pressure and a temperature of 20° C, and the amount of petroleum (in tons or cu m) extracted at the same time under the same pressure and temperature. The gas-oil ratio depends on the proportions of gas and petroleum in the stratum, the physical and geological properties of the stratum, the type and rate of operation, the pressure in the stratum, and so on. The gas-oil ratio is an important indicator of the expenditure of reservoir energy and the determination of gas resources in a petroleum deposit.
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The oil is good quality, of light to medium gravity and sweet, with a low gas-oil ratio and some associated wax," the statement cited company chief Tony Buckingham as saying, adding the firm had started its "busiest and most exciting drilling schedule in Uganda.
Canadian firm finds Uganda's largest oil deposit by AFP / AFP Global Edition
The oil is good quality, of light to medium gravity and sweet, with a low gas-oil ratio and some associated wax," the statement cited company chief Tony Buckingham as saying, adding the firm had started its "busiest and most exciting drilling schedule in Uganda.
Canadian firm finds Uganda's largest oil deposit by AFP / AFP American Edition
However, taxes cannot account for the entire path of the gas-oil ratio and, in particular, for the recent downward trend.
The pass-through of oil prices to gasoline prices by Pescatori, Andrea; Mowry, Beth / Economic Trends
 
 
 
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