oil pool

oil pool

[′ȯil ‚pül]
(geology)
An accumulation of petroleum locally confined by subsurface geologic features. Also known as oil accumulation; oil reservoir.
References in periodicals archive ?
('Advantage' or the 'Corporation') is pleased to announce a significant Montney light oil pool has been discovered and appraised at Progress, Alberta, on the Corporation's 47 net section block of 100% owned lands.
In 2016, Conoco Phillips drilled wells Tinmiaq 2 and Tinmiaq 6, which were the discovery wells for Willow--an oil pool separate from those being tapped by Oil Search in the Nanushuk Formation.
Preparations will include switching test production to the deeper Kimmeridge oil pool, with logistic and administrative arrangements for the drilling rig to be completed later in the week.
The continuation of the appraisal programme has led to a significant gain for Ghana because it has established a new find which forms part of the existing Pecan oil pool missed by HESS.
As reported in the company's July 2018 AIM admission document, the Arreton conventional oil discovery, a geological analogue of the company's Horse Hill Portland oil field (UKOG net 46.735%), contains three stacked Jurassic oil pools with an aggregate gross P50 oil in place of 127 m barrels, over four times larger than Horse Hill's 30 mmbbl P50 OIP Portland oil pool.
Overall plan includes a total of six production wells, with two production wells and a reservoir pressure support well in the Portland oil pool. A planning application for production to be submitted to SCC prior to the completion of the 2018 EWT programme.
DNO Tunisia will assume operatorship and a prorata share of the existing cost oil pool. Completion of the transfer is subject to satisfaction of certain conditions, including approval by Tunisian authorities.
Dubai's role in the India- Iran rice trade has withered since oil pool payments started.
Regarding an oil pool in northern Iran, he said the project is under way with 62 percent progress.
The success of India's oil pool for funding exports direct into Iranian ports over the last few months has hit Pakistan's rice truckers' profits hard.
He said similarly Dubai's role in the India-Iran rice trade has withered since oil pool payments started.
The success of India's oil pool for funding exports direct into Iranian ports over the last few months has hit Pakistan's rice truckers' profits hard, slashing premiums to well below $80/tonne in early 2013, he said.