JODI-Oil FAQ / What is the JODI-Oil definition of crude oil production?
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Yui Torikata / IEF
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Join Date:May 2011 Posted by Yui Torikata/ IEF / 28.05.2014 11:55
The JODI-Oil definition construes crude oil production as marketable production after removal of impurities but including quantities consumed by the producer in the production process.
Crude oil production means the removal of oil from the field, whether through primary or secondary recovery. Although this concept sounds simple, there are many different items that can be included or excluded when reporting crude oil production. The main differences however are between wellhead production and marketable production.
Wellhead production is all oil which exits the ground (wellhead). When the crude oil is brought to the surface, it requires further treatment so that it can be sent to refineries for processing. The oil produced at the wellhead varies considerably from field to field, due to its physical characteristics, but also to the amount of gas and water the oil contains. Before the oil can be sold, the remaining gas, water and other impurities need to be removed. Once this is done, the oil is stored at the terminal before transport to refineries. It is at this point that the produced oil becomes marketable (production).
Note: Production of synthetic crude oils from extra heavy oils, oil sands and oil shale should be reported here. Production of emulsified oils such as orimulsion should also be reported as Production, while the production of synthetic oils from coal and natural gas should be reported in "From other sources".
