Pete 201 Exam Questions & Answers
(Grade A+)
Worst case scenarios hydraulic fracturing causes earthquakes in
between 6 & 7 on the Richter scale. -
correct answer ✅True
What was the second "oil shock" of the 1970s -
correct answer ✅Prices jumped when Iran oil workers shut off the
country's production, leading to high prices and the fall of the Shah.
One of the biggest problems coal can cause particularly when
paired with unfavorable weather conditions is smog. -
correct answer ✅True
What was the "Oil weapon"? -
correct answer ✅The threat to raise oil prices or shut off oil
supplies to punish unacceptable behavior by a country or countries.
What were two maior problems with the oil industry in the Former
Soviet Union at the time of "The Prize"? -
correct answer ✅Infrastructure was badly deteriorated due to
poor maintenance: political instability led to high financial risk for
new ventures
,Pete 201 Exam Questions & Answers
(Grade A+)
What is the federal offshore land called? -
correct answer ✅Outer continental shelf
This type of offshore drilling unit is used in shallow, protected
waters up to 25 feet deep -
correct answer ✅Drilling barge
Hydraulic fracturing causes earthquakes. -
correct answer ✅True
What percent of the world's oil reserves were in the Middle East at
the time of The Prize? -
correct answer ✅60%
There is a limit to how much cleaner and safer fossil fuels can be. -
correct answer ✅True
Who was Sheikh Zaki Yamani and what was his role in strengthening
OPEC? -
correct answer ✅Oil Minister from Saudi Arabia who understood
the West was a great negotiator and believed the West was paying
too little for OPEC oil.
, Pete 201 Exam Questions & Answers
(Grade A+)
When a sucker-rod string on a beam-pumping unit breaks, this type
of workover is done -
correct answer ✅Pulling rods or tubing
Which one of these is not a reason to recomplete a well? -
correct answer ✅To drill around a problem zone
What happened in 1986 that was the result of OPEC
overproduction? -
correct answer ✅Saudi Arabia increased production to drive prices
down after initially shutting in production to offset the "cheating"
This type of offshore drilling unit is a ship with a drilling rig
mounted in the center and drills through a moonpool (hole through
the hull). This type of drilling unit is generally used in very deep
water drilling -
correct answer ✅Drillship
What fraction of the world's oil reserves were in the Middle East at
the time of "The Prize"? -
correct answer ✅67%
(Grade A+)
Worst case scenarios hydraulic fracturing causes earthquakes in
between 6 & 7 on the Richter scale. -
correct answer ✅True
What was the second "oil shock" of the 1970s -
correct answer ✅Prices jumped when Iran oil workers shut off the
country's production, leading to high prices and the fall of the Shah.
One of the biggest problems coal can cause particularly when
paired with unfavorable weather conditions is smog. -
correct answer ✅True
What was the "Oil weapon"? -
correct answer ✅The threat to raise oil prices or shut off oil
supplies to punish unacceptable behavior by a country or countries.
What were two maior problems with the oil industry in the Former
Soviet Union at the time of "The Prize"? -
correct answer ✅Infrastructure was badly deteriorated due to
poor maintenance: political instability led to high financial risk for
new ventures
,Pete 201 Exam Questions & Answers
(Grade A+)
What is the federal offshore land called? -
correct answer ✅Outer continental shelf
This type of offshore drilling unit is used in shallow, protected
waters up to 25 feet deep -
correct answer ✅Drilling barge
Hydraulic fracturing causes earthquakes. -
correct answer ✅True
What percent of the world's oil reserves were in the Middle East at
the time of The Prize? -
correct answer ✅60%
There is a limit to how much cleaner and safer fossil fuels can be. -
correct answer ✅True
Who was Sheikh Zaki Yamani and what was his role in strengthening
OPEC? -
correct answer ✅Oil Minister from Saudi Arabia who understood
the West was a great negotiator and believed the West was paying
too little for OPEC oil.
, Pete 201 Exam Questions & Answers
(Grade A+)
When a sucker-rod string on a beam-pumping unit breaks, this type
of workover is done -
correct answer ✅Pulling rods or tubing
Which one of these is not a reason to recomplete a well? -
correct answer ✅To drill around a problem zone
What happened in 1986 that was the result of OPEC
overproduction? -
correct answer ✅Saudi Arabia increased production to drive prices
down after initially shutting in production to offset the "cheating"
This type of offshore drilling unit is a ship with a drilling rig
mounted in the center and drills through a moonpool (hole through
the hull). This type of drilling unit is generally used in very deep
water drilling -
correct answer ✅Drillship
What fraction of the world's oil reserves were in the Middle East at
the time of "The Prize"? -
correct answer ✅67%
