Test your energy related knowledge. Take our oil and gas quiz

1. What is a 4-D seismic survey?

• A 3-D survey repeated overtime

• A 3-D survey with greater depth

• A 2-D survey with doubled range

2. What physical property of crude oil is measured in degrees API (American Petroleum Institute)?

• Specific gravity

• Pressure

• Temperature

3. Where was the first modern oil well drilled?

• United States

• Saudi Arabia

• Azerbaijan

4. In the exploration and production of oil and gas, the science of geodesy is the study of what?

• The exact location of subsurface formations, wells and pipelines as well as boundaries

• Physical composition of rock formations

• Movement and interaction of tectonic plates

5. Which countries belong the Caspian Pipeline Consortium (CPC) cross?

• Ukraine and Germany

• Kazakhstan and Russia

• China and Vietnam

6. Projecting to the year 2015, what type of fuel would be consumed the most?

• Natural Gas

• Oil

• Renewables

7. The surge in world oil demand is generally expected to be driven by increased demand from

• United States and Great Britain

• Russia and Germany

• China and India

8. Which of the following best describes the Liquefied Natural Gas (LNG) chain?

• Production-Transportation- Supply- Marketing

• Liquefaction- Transportation- Regasification

• Generation- Transmission- Distribution- Supply

9. Which of the following best describes the electricity supply chain?

• Production-Transportation- Supply- Marketing

• Liquefaction- Transportation- Regasification

• Generation- Transmission- Distribution- Supply

10. The main constituents of Liquefied Natural Gas include:

• Methane, Ethane, Propane and Butane

• Hydrogen, Oxygen, Nitrogen and Sulphur

• Carbon, Uranium, Thorium and Sodiums

11. Which is the largest oil company in terms of proven reserves?

• Exxon Mobil

• Saudi Aramco

• Royal Dutch Shell

12. Which of the following are MOST likely to influence a large oil company’s decision to invest in the upstream oil sector of a country?

• The fiscal system, geological potential and political stability

• Domestic market potential, touristic facilities and to save cost.

• Proximity to Head Office, to offset its emissions and to develop/utilise global talent.

13. Which of the following are MOST likely to influence a large oil company’s decision to acquire a producing asset in the U.S Gulf of Mexico?

• Availability of experienced operators and the cost of drilling

• Proximity to shipping terminals, relationship with the asset operator and the stability of the dollar

• Net Present Value (NPV), proximity with producing operated asset and Rate of Return on Investment (RORI)

14. Which of the following pair BEST describe upstream portfolio risk management strategies adopted by large oil and gas companies?

• Diversification and Consolidation

• Unitization and Independence

• Cost management and vertical integration

15. Which of the following factors are MOST likely to influence the decision of a large utility in the United Kingdom to transport gas as Liquefied (LNG) rather than pipelines?

• Price of gas and quality of gas

• Cost and distance

• Government incentives and the fiscal system.

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