The process of partial or total acquisition of concession rights held by another company. In the same negotiation, a company that is acquiring the concession rights is in the farm-in process and the company that is selling those rights is in the farm-out process.
A product that is deposited on the surface of catalyzers that results in the degradation of the gas-oil that is produced by the Catalytic Cracking Unit. It is burned off during the continuous regeneration process of the catalyzer, supplying energy to heat the charge and to generate steam.
An area for the production of oil or natural gas made-up of one or more continuous reservoirs, possibly at variable depths, encompassing facilities and equipment destined for production.
FLOATING, PRODUCTION, STORAGE & OFFLOADING (FPSO)
A floating unit for production, storage and transfer of petroleum, using a ship as a platform.
FLOATING, STORAGE & OFFLOADING (FSO)
A floating unit for storage and transfer of petroleum, using a ship as a platform.
The heavier fractions from atmospheric distillation of petroleum, widely used as an industrial fuel in boilers, furnaces, etc.