Describe how inflation is measured using the Consumer Price Index (CPI).
Inflation
Inflation is the decline of purchasing power of a given currency over time. The rise in the general level of prices, often expressed as a percentage, means that a unit of currency effectively buys less than it did in prior periods. Inflation can be measured using the consumer price index (CPI). The consumer price index is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. The CPI measures the average change in prices over time that consumers pay for a basket of goods and services (inflation). Essentially it attempts to quantify the aggregate price level in an economy and thus measure the purchasing power of a country`s unit of currency.
This section provide an important data related to porosity and permeability in order to get a better understanding in reservoir and flow of different types of fluids using DHP (Digital Helium Porosimeter) and DGP (Digital Gas Porosimeter) devices also VINCI is one of the instruments that used for steady- state processes.
SCAL sectio
Special core analysis section are specialist in understanding petrophysical properties goes beyond special techniques with advance tests to help the client more in estimating their fields.
It is important to note however, that SCAl provide several services in MICP (mercury injection and capillary pressure), FRF (formation resistivity factor), and permeability of fluids especially water, CT scan, and flush cleaning using different solvents.
However, the department provides unique tests related to the above processes in order to ensure the delivery of good quality services and focus on saving costs to the customer.
Therefore, SCAL section is responsible for different fluid analysis at several stages in order to fulfil all the operational requirements and to achieve important results that optimize production and development of the fields.
Other sections
Weatherford laboratories also provide some other services behind the services provided by CCA and SCAL. These services include the basic experiments and requirement to observe several parameters such as temperature, pressure, and type of gas.
Summary of the internship
I have implemented the internship in Weatherford Company, Is one of the international oilfield services company. The company has several sections and the section where I had training is the Weatherford laboratory and is considered one of the main sections in Weatherford. The Weatherford labs are located in Ghala Industrial Estate in Oman.
The company offers internship opportunities to students in different departments for example wireline, product line which include laboratories, and finances related to their major and skills.
During the 6 weeks of the internship program, several tasks were assigned to me according to my major and practical skills in all the 3 units of laboratory department. I spend one week and several days in each unit with multi tasks given whereby some are related to my studies and others are for the purpose of gaining new experience in other fields that are semi-related.
Besides that, I was trained not only in improving my soft skills, but, also dealing with several safety situations in the workplace and management technique when dealing with
During my training a couple of approaches were assigned to me such as calculating the porosity and permeability using different instruments for example DHP (Digital Helium Porosimeter) and DGP (Digital Gas Porosimeter) also VINCI which is used for unsteady-state processes, how inject mercury to samples and calculating the bulk volume of the sample using Archimedes law, CT scan which include several software�s for making videos of core sample to analyze the fractures and how it will affect the value of porosity and permeability, Formation Resistivity Factor ( capillary pressure) (appendix 2), permeability of fluids, flush cleaning using different solvents, and finally the dean stark which is about extraction of oil and water.