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    Petroleum is a non-renewable fossil fuel that is made usable through refining and fractioning which removes sulfur, nitrogen, oxygen, and water. The construction of oil rigs and deepwater rigs, which can cost $600-650 million, has tripled in price since 2003 while the operation of rigs costs between $25,000-1,000,000 per day depending on whether it is shallow or deep water. In the US, petroleum is transported primarily through pipelines at 70% with the remainder shipped by sea, truck, or rail.

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    Petroleum is a non-renewable fossil fuel that is made usable through refining and fractioning which removes sulfur, nitrogen, oxygen, and water. The construction of oil rigs and deepwater rigs, which can cost $600-650 million, has tripled in price since 2003 while the operation of rigs costs between $25,000-1,000,000 per day depending on whether it is shallow or deep water. In the US, petroleum is transported primarily through pipelines at 70% with the remainder shipped by sea, truck, or rail.

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    22 views5 pages

    Petroleum 1-5

    Uploaded by

    api-299137056
    Petroleum is a non-renewable fossil fuel that is made usable through refining and fractioning which removes sulfur, nitrogen, oxygen, and water. The construction of oil rigs and deepwater rigs, which can cost $600-650 million, has tripled in price since 2003 while the operation of rigs costs between $25,000-1,000,000 per day depending on whether it is shallow or deep water. In the US, petroleum is transported primarily through pipelines at 70% with the remainder shipped by sea, truck, or rail.

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    of 5

    Petroleum

    Noah Zahm, Nick Maughan


    POE Block 3

    Classification of Petroleum
    Non-Renewable
    Fossil Fuel

    How is Petroleum made usable?


    Refining
    Fractioning tower
    Sulfur, Nitrogen,
    Oxygen, and Water
    are removed

    Costs of construction and operation


    Construction:
    The price of oil rigs has
    tripled since 2003
    deepwater rigs cost
    $600-650 million

    Operation:
    25k-1 million dollars
    to rent an oil rig.
    Deep-Water costs
    $250K-500K/day to
    operate

    Transportation of Petroleum
    In the US: 70% Pipeline. 23% Ship.
    Trucking 4%. Rail 3%.

    http://www.wallstreetdaily.com/2014/11/14/oil-tanker-floating/

    http://www.jsg.utexas.edu/lacp/2014/06/colombian-oil-pipeline-cano-limon-covenas-restartspumping-ecopetrol/

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