Petroleum reservoir in the context of "Oil and gas extraction"

Petroleum is a fossil fuel that can be drawn from beneath the Earth's surface. Reservoirs of petroleum are formed through the mixture of plants, algae, and sediments in shallow seas under high pressure. Petroleum is mostly recovered from oil drilling. Seismic surveys and other methods are used to locate oil reservoirs. Oil rigs and oil platforms are used to drill long holes into the earth to create an oil well and extract petroleum. After extraction, oil is refined to make gasoline and other products such as tires and refrigerators. Extraction of petroleum can be dangerous and has led to oil spills.

An oil well is a drillhole boring in Earth that is designed to bring petroleum oil hydrocarbons to the surface. Usually some natural gas is released as associated petroleum gas along with the oil. A well that is designed to produce only gas may be termed a gas well. Wells are created by drilling down into an oil or gas reserve and if necessary equipped with extraction devices such as pumpjacks. Creating the wells can be an expensive process, costing at least hundreds of thousands of dollars, and costing much more when in difficult-to-access locations, e.g., offshore. The process of modern drilling for wells first started in the 19th century but was made more efficient with advances to oil drilling rigs and technology during the 20th century.

Wells are frequently sold or exchanged between different oil and gas companies as an asset – in large part because during a drop in the price of oil and gas, a well may be unproductive, but if prices rise, even low-production wells may be economically valuable. Moreover, new methods, such as hydraulic fracturing (a process of injecting gas or liquid to force more oil or natural gas production) have made some wells viable. However, peak oil and climate policy surrounding fossil fuels have made fewer of these wells and costly techniques viable.

In the oil and gas industry, reservoir modeling involves the construction of a computer model of a petroleum reservoir, for the purposes of improving estimation of reserves and making decisions regarding the development of the field, predicting future production, placing additional wells and evaluating alternative reservoir management scenarios.

A reservoir model represents the physical space of the reservoir by an array of discrete cells, delineated by a grid which may be regular or irregular. The array of cells is usually three-dimensional, although 1D and 2D models are sometimes used. Values for attributes such as porosity, permeability and water saturation are associated with each cell. The value of each attribute is implicitly deemed to apply uniformly throughout the volume of the reservoir represented by the cell.

A geological map or geologic map is a special-purpose map made to show various geological features. Rock units or geologic strata are shown by color or symbols. Bedding planes and structural features such as faults, folds, are shown with strike and dip or trend and plunge symbols which give three-dimensional orientations features. Geological mapping is an interpretive process involving multiple types of information, from analytical data to personal observation, all synthesized and recorded by the geologist. Geologic observations have traditionally been recorded on paper, whether on standardized note cards, in a notebook, or on a map.

Stratigraphic contour lines may be used to illustrate the surface of a selected stratum illustrating the subsurface topographic trends of the strata. Isopach maps detail the variations in thickness of stratigraphic units. It is not always possible to properly show this when the strata are extremely fractured, mixed, in some discontinuities, or where they are otherwise disturbed.

A binary cycle is a method for generating electrical power from geothermal resources and employs two separate fluid cycles, hence binary cycle. The primary cycle extracts the geothermal energy from the reservoir, and secondary cycle converts the heat into work to drive the generator and generate electricity.

Binary cycles permit electricity generation even from low temperature geothermal resources (<180 °C) that would otherwise produce insufficient quantities of steam to make flash power plants economically viable. However, due to the lower temperatures binary cycles have low overall efficiencies of about 10–13%.

A pumpjack is the overground drive for a reciprocating piston pump in an oil well.

It is used to mechanically lift liquid out of the well if there is not enough bottom hole pressure for the liquid to flow all the way to the surface. The arrangement is often used for onshore wells. Pumpjacks are common in oil-rich areas.