In this lab we will be able to find oil according to our calculations in density .
Me and my group named, will share with you our incredible discover in oil.
Purpose:
So far, we have explored ways to find oil . Now , they will have the chance to extract that oil and learn about the business of fossil fuel energy.
Hypothesis: If less density , then more oil will be found.
Materials:
Procedures:
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 straight down .Make sure to note the depth of the drilling bit (cm).
4)Record the cost associated with the site foreman (the teacher) , select a reservoir and recovery rate card and calculate the total money spent and generated by this site .
Me and my group named, will share with you our incredible discover in oil.
Purpose:
So far, we have explored ways to find oil . Now , they will have the chance to extract that oil and learn about the business of fossil fuel energy.
Hypothesis: If less density , then more oil will be found.
Materials:
- Markers
- Ruler
- Chopstick
- Toothpicks
- Tape
- Reservoir Volume
- Recovery rate cards
Procedures:
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 straight down .Make sure to note the depth of the drilling bit (cm).
4)Record the cost associated with the site foreman (the teacher) , select a reservoir and recovery rate card and calculate the total money spent and generated by this site .
Total Operations Costs $ 1.950 million
Total Profit (or loss): $ -792299.52
Lab Questions:
1)Did your oil exploration and recovery efforts make money?
Our oil exploration make almost a million , however by the operation cost we spend our sources of money , so in fact we did not increase our money.
2)What was the purpose of this activity ?What were some things you learned about oil exploration and extraction?
The purpose of this activity , was how to manage a big business of oil extraction. I learned a lot doing this lab. I learned that we must be careful while we are doing something really important were we are limited in our sources of money , because if we do something wrong our company may broke.
1)Did your oil exploration and recovery efforts make money?
Our oil exploration make almost a million , however by the operation cost we spend our sources of money , so in fact we did not increase our money.
2)What was the purpose of this activity ?What were some things you learned about oil exploration and extraction?
The purpose of this activity , was how to manage a big business of oil extraction. I learned a lot doing this lab. I learned that we must be careful while we are doing something really important were we are limited in our sources of money , because if we do something wrong our company may broke.