Procedure:
1. Measure and mark each centimeter on the chop stick
2. Attach the drill bit (toothpick)
3. Select the location for the first drill site and drill straight down. Make sure to note the depth of the drilling bit (cm).
4. Record the cost associated with the first site and the depth you drilled
5. If there was no oil, select another site and repeat the process (make sure to record all costs).
6. After oil is discovered, inform the site foreman (teacher), select a reservoir and recovery rate card and calculate the total money spent and generated by this site.
1. Measure and mark each centimeter on the chop stick
2. Attach the drill bit (toothpick)
3. Select the location for the first drill site and drill straight down. Make sure to note the depth of the drilling bit (cm).
4. Record the cost associated with the first site and the depth you drilled
5. If there was no oil, select another site and repeat the process (make sure to record all costs).
6. After oil is discovered, inform the site foreman (teacher), select a reservoir and recovery rate card and calculate the total money spent and generated by this site.
Lab Questions:
1. Did your oil exploration and recovery efforts make money? Discuss which variables would you want to change to make your business more profitable.
~ Yes our oil exploration did make a little profit of money but out recovery rate is low (which is 35%). I would want to change mostly the recovery rate by making it higher, so that I would be able to make more profit.
2. Complete the T-Chart below to show which aspects of this stimulation were realistic, and which aspects did not mimic reality?
1. Did your oil exploration and recovery efforts make money? Discuss which variables would you want to change to make your business more profitable.
~ Yes our oil exploration did make a little profit of money but out recovery rate is low (which is 35%). I would want to change mostly the recovery rate by making it higher, so that I would be able to make more profit.
2. Complete the T-Chart below to show which aspects of this stimulation were realistic, and which aspects did not mimic reality?
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3. Summary:What was the purpose of this activity? What were some things you learned about oil exploration and extraction?
~ The purpose of this activity was to teach about what is needed to find and where to drill to find the reservoir such as using seismic data, making measurements, marking a location, and how long it would take you to drill it. In oil explorations and extractions, I learned the process of how oil was created.
The steps of how oil was created is:
~ Algae, bacteria, micro-organisms sink to the sea floor.
~ Mix with other sediments creating air tight layer.
~ Pressure
~ Heat (60-120 degrees)
~ Time
Oil is important factor to us, because we need it for many things.
~ The purpose of this activity was to teach about what is needed to find and where to drill to find the reservoir such as using seismic data, making measurements, marking a location, and how long it would take you to drill it. In oil explorations and extractions, I learned the process of how oil was created.
The steps of how oil was created is:
~ Algae, bacteria, micro-organisms sink to the sea floor.
~ Mix with other sediments creating air tight layer.
~ Pressure
~ Heat (60-120 degrees)
~ Time
Oil is important factor to us, because we need it for many things.