Oilfield Terms Starting with "P"

A Production Sharing Contract (PSC) is a contractual agreement between a host government (or its national oil company) and an international oil company (IOC) governing…

Production Tubing is the primary conduit through which reservoir fluids (oil, gas, and water) are transported from the bottom of a wellbore to the surface.…

Proppant is a granular material, typically sand, ceramic beads, or resin-coated particles, that is pumped into a well during hydraulic fracturing (fracing) operations to prop…

A Prospect is a specific geographic area or geological feature that has been identified through exploration activities as having the potential to contain a commercially…

Proven reserves (also called proved reserves) are the quantities of oil, natural gas, or other petroleum resources that geological and engineering data demonstrate with reasonable…

PTW is the acronym for Permit to Work, a formal documented system used in the oil and gas industry to control hazardous activities and ensure…

A pump jack, also known as a beam pumping unit or a nodding donkey, is a mechanical device used in the oil and gas industry…

PVT Analysis stands for Pressure-Volume-Temperature Analysis, a fundamental laboratory and computational study used in reservoir management to characterize the physical and thermodynamic behavior of reservoir…