The westernmost peninsula of Eurasia, Europe is bordered by the Arctic Ocean to the north, the Black Sea to the southeast, the Mediterranean Sea to the south and the Atlantic Ocean to the west. The economic and political association of 27 European member states, the European Union (EU) has developed a single market through which a standardized system of laws apply, and under this union, sixteen member states have adopted the euro as its common currency. In 2006, the EU had a gross inland energy consumption of 1,825 million tonnes of oil equivalent, with nuclear energy as the primary source of energy produced in the region. Currently, the EU imports around 82% of its oil and 57% of its natural gas resources.
Production tests are run in order to gather information about a well’s productivity. These tests can capture a number of things including flow rate, fluid properties, composition, pressure and temperature of a live well. This information is used to help identify problems and gather any necessary data that needs to be reported to a regulatory agency. Some tests are run in open hole and can be useful in helping to make completion decisions, while others run post completion involve routine testing of production statistics.