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.
A reservoir engineer is concerned with underground oil and gas reserves, specifically finding the most efficient way to extract their resources. The reservoir engineer can work through all phases of a well’s lifespan, from helping petroleum geologists find well sites, through field development, planning, forecasting, testing and drilling. Their duties are varied and can include simulation and surveillance of the well, production forecasting, and development planning. Reservoir engineers are especially concerned with determining the economic viability of a well, finding out how much the well can produce, and making sure that the well is cost effective. They are also responsible for reporting reserve numbers to regulatory agencies. Reservoir engineers are usually petroleum engineers, however occasionally chemical or mechanical engineers can be trained for this position.