翻譯：THE OPEC oil cartel is about to turn 40, and the mood in the run-up to the grand heads-of-state party in Venezuela in less than three weeks time is jubilant. Not quite two years ago,oil was $10 a barrel and the cartel was on the brink of collapse. Now the oil price is well above $30 a barrel, and it shows little sign of coming down.

翻譯：A portion of the sample is used to determine the gravity of the oil expressed in AIP unit the lighter the oil, the higher the API gravity .In most cases the price paid for the coude is determined in prat by the API gravity, hence ,the importance of careful gravity determination in each instance.

翻譯：Gas lift is particularly applicable for lifting wells where high-pressure gas is available.Gas compressors may have been installed for gas injection, or high-pressure gas wells may be nearby. Since the cost of compression far exceeds the cost of down hole gas lift equipment, gas lift always should be considered when an adequate volume of high-pressure gas is available for wells requiring artificial lift. Most wells can be depleted by gas lift,which is particularly true since the implementation of reservoir pressure maintenance programs in most major oil fields.

翻譯：The application of physics to the study of rocks (geophysics)is very important in petroleum geology. In its broadest application geophysics makes a major contribution to understanding the earths crust and, especially through the application of modern plate tectonic(板塊構造)theory, the genesis and petroleum potential of sedimentary basins. More specially, physical concepts are required to understand folds（褶皺）, faults（斷層）, and diapers（底辟）, and hence their roles in petroleum entrapment.

翻譯：Nearly three-fifths of all known petroleum reserves on Earth is to be found in the territory of the various Arabic-speaking countries. Kuwait , for instance , which is a small nation at the head of the Persian Gulf , with an area only three-fourths that of Massachusetts and a population of about half a million , posseses about one-fifth of all the known petroleum reserves in the world.

翻譯：A major oil company usually initiates the sequence of events that leads to the drilling of oil and gas wells in foreign fields, but independent oil operators pay for most of the wells in the United States. In fact, about 80% of all wells drilled in the U.S. today are financed by independents.

翻譯：There are two approaches to the problem of determining the fluid saturation within a reservoir rock. The direct approach is to measure, in the laboratory, the saturation of selected rock samples recovered from the parent formation. The indirect approach is to determine the fluid saturation by measuring some related physical property of the rock.

翻譯：In addition to being useful as an exploration tool, subsurface maps are a necessary part of any reservoir engineering study; and petroleum engineers, as well as geologists, must be completely familiar with their construction and interpretation.

翻譯：Since the volume factors and the solution gas-oil ratio are determined from laboratory measurements on samples of reservoir fluid at reservoir temperature and various pressures, these parameters are effective substitutes for detailed phase equilibrium data in most production calculations. However, these parameters are unknown at the time that exploration well tests are run, and hence they are estimated from correlation charts.

翻譯：The fluids of a petroleum reservoir are generally gas, oil, and water in varying proportions. Each phase can differ widely in composition and properties. Gas and oil, either as separate fluids or in mixtures, change their state or phase as reservoir pressure changes.