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Oil and Gas Industry Quiz

1. What country did the U.S. import most of its crude oil from in 2005?

Saudi Arabia
Mexico
Canada
Venezuela

2. What is a hydrocarbon?

A chemical containing water
A molecule with carbon and hydrogen
A non-polluting fossil fuel
A compound produced at hydroelectric plants

3. What event was most responsible for the increase in oil prices in 1974?
Exxon Valdez disaster
Arab Oil Embargo
Iran-Iraq War
Formation of OPEC

4. The term upstream refers to what functional segments of the oil and gas industry?

Exploration and Refining
Marketing and Refining
Exploration and Production
Refining and Transportation

5. Natural gas liquids are composed of all of the following components except:

Propane
Normal Butane
Ethylene
Natural Gasoline

6. What is a beam pump?

A device used to pump beams of radiation onto the earth's surface
A pump used to help transport liquids in interstate pipelines
A recovery engine used to increase natural gas flow from marginal wells
An artificial lifting device used to bring crude oil to the surface

7. What kinds of rocks usually contain crude oil and natural gas?

Sedimentary
Igneous
Metamorphic
Low porosity formations
8. What is a catalytic cracker used for?
Improve the octane quality of naphtha
Separate various petroleum fractions
Convert residual fraction to lighter products
Lower the sulfur content of diesel oil
Lower the sulfur content of diesel oil

9. Which of the following crude oils has the highest specific gravity?

West Texas Intermediate 32 API
North Sea Brent 38 API
Alaskan North Slope 27 API
California Kern River 13 API
10. What is the world's largest oil company?

Aramco
BP
ExxonMobil
Royal Dutch/Shell

11. What percent of the crude oil processed in a typical US refinery is converted into gasoline?

25%
35%
45%
55%

12. The U.S. oil and gas industry had its birth with what famous discovery?

Spindletop
Titusville
Prudhoe Bay
Daisy Bradford

13. How many years supply of crude oil are left at the current rate of world oil production?

10
25
40
50

14. What is a "BOP" used for?

Prevents well blowouts
Controls level of benzene, olefins and paraffins in gasoline
Cleans ballast water of oil and particulates
To report on basic oil properties

15. Why is natural gas processed?

To separate crude oil from natural gas
To increase the heating value of the dry gas
To remove impurities and recover natural gas liquids
To increase octane number of the dry gas
16. Which country was the world's largest gas producer in 2005?

Saudi Arabia
United States
Russian Federation
Iran

17. Which drive mechanism involves using miscible gas to transport crude oil to the well bore?

Gas cap drive
Water drive
Dissolved gas drive
Nitrogen injection

18. What is cryogenic recovery used for?

Recover more ethane from "wet" natural gas
Keep natural gas cold for waterborne transportation
Increase production from existing gas wells
Refrigerate LPGs for pipeline transportation

19. Which of the following countries was not a founding member of OPEC?

Kuwait
Iran
Iraq
Libya

20. What is R/P ratio?

The ratio of royalty payments to production
The ratio of reserves to production
The ratio of reserve life to production
The number of years of consumption remaining

21. Which of the following fractions is not produced from the crude unit?

Naphtha
Distillate
Reformate
Kerosene

22. What is a workover?

Routine operations to start fluids flowing
Repairing packers
Swabbing the well
Cleaning sand out of the well

23. What is RVP?

A measure of fuel volatility
An indication of downhole pressure
A vapor recovery system used on offshore wells
An exploration technique using reflected sound

24. What is a LACT unit

Long Atlantic Crude Tankers
Lease Automatic Custody Transfer
Low Atmospheric Crude Tower
Low Altitude Characterization Topography

25. How much oil is recovered from a water drive oil reservoir?

15-20%
25-30%
35-40%
45-50%

26. What is an FPSO used for?

Increase recovery of low gravity crude oil
Separate oil from associated gas
Recover sulfur from hydrotreating operations
Develop offshore oil fields

27. What physical property is used to separate petroleum fractions?

API Gravity
Research Octane Number
Sulfur Content
Distillation Temperature

28. How cold must LNG be kept for waterborne transportation?

-150 F.
-259 F.
-212 F.
-174 F.

29. How is the smoke point measured?
Pressure at which a liquid starts to form
Length of a flame from wick at which smoking occurs
Octane number at which exhaust is dark brown
Temperature at which liquid becomes a gas

30. What percent of US natural gas production is from non-associated gas?

55%
65%
75%
85%

31. What is casing used for?

To isolate downhole zones so they can be produced separately
To allow near surface water zones to enter the wellbore
To line the trench dug to lay pipeline
To control pressure in catalytic crackers

32. Which accounting method capitalizes all costs regardless whether economic quantities of oil or gas are found?

Full Cost
Accrual
Successful Efforts
Cash

33. What is the leading non-gasoline product sold in C-stores?

Soft drinks
Tobacco
Alcoholic beverages
Milk
34. Which of the following events occurred first?
Dissolution of the Standard Oil Trust
Spindletop Gusher
Oil discovered in Persia
Merger of Shell and Royal Dutch

35.What is a wireline log used for?

Record conversations between oil company executives
Estimate the sulfur content of the oil
Transmit seismic information
Determine the salt water content of the rock
36. Where does the U.S. import most of its LNG from?

Algeria
Egypt
Trinidad & Tobago
Venezuela

37. Which of the following measures is a standardized measure of discounted future cash flows relating to proved oil and gas reserve quantities?

R/P Ratio
Reserve Replacement
SMOG
ROCE

38. What is an alkylation unit?

A sulfur removal operation
A physical separation operation
An octane improvement process
A volume improvement process

39. Which of the following is not a drilling geometry?

Horizontal
Vertical
Open Hole
Deviated

40. What is an interface?

The zone between two different products in a pipeline
Pay at the pump technology
The space between grains of sand in a formation
The zone between two hydrocarbon layers

41. What is drilling mud used for?

Ballast on drillships
Stabilize the drilling rig to prevent shifting and listing
Control downhole pressure and remove cuttings
Prevent natural gas from seeping back into the formation

42. Offshore operations are conducted using all of the following structures or equipment except:

Tension Leg
Jackups
Semisubmersibles
Geophones

43. Spindletop well was located in a field formed by what trapping mechanism?
Anticline
Pinchout
Salt Dome
Fault
44. What is waterflooding used for?
Recover additional gas from tight sands reservoirs
Recover additional oil from tanker spills
Recover additional oil from reservoirs
Recover additional gas from aquifers

45. Which U.S. state was the largest crude oil producer in 2005?

Alaska
California
Louisiana
Texas

46. What was the average spot price for West Texas Intermediate Crude in Cushing, Oklahoma in 2005?

$54.57/B
$56.54/B
$65.34/B
$72.13/B

47. What is FERC?

Federal Environmental Regulation Council
Federal Energy Regulatory Commission
Federal Enhanced Recovery Center
Federal Energy Research Consortium

48. For what fuel is the freeze point is a critical property?

Jet Fuel
Gasoline
Diesel Fuel
Home Heating Oil
49. What commodity's price was gradually deregulated under the NGPA?
Crude Oil
Natural Gas
Electricity
Coal

50. From what company's offshore platform was Bruce Willis practicing his golf swing in the movie Armageddon?

EOG
Anadarko
EEX
Pioneer

Score =

Toolpusher

Driller

Derrickhand

Roughneck

90-100%
(45-50 correct)

80-88 %
(40-44 correct)

70-78%
(35-39 correct)

68% or lower
(less than 35 correct)

Correct answers:


Updated 12/10/13

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PetroStrategies, Inc.
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