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M
Marginal
Field
A field that may not produce enough net income to make it worth
developing at a given time; should technical or economic conditions
change, such a field may become commercial.
Maureen
Platform
Located 163 miles offshore Aberdeen, Scotland, Maureen is the world's
first large re-usable platform -- and is currently for sale. Like all of
Phillips' U.K. fields, Maureen was named after the wife of the
geoscientist who discovered the field.
MCF
The abbreviation for "thousand cubic feet," the standard
measure for natural gas.
Measured
Depth
The depth of the well measured along the wellbore. Also called logged or
driller’s depth.
Mercaptans
Compounds of carbon, hydrogen and sulfur found in sour crude and gas;
the lower mercaptans have a strong, repulsive odor and are used, among
other things, to odorize natural gas.
Metallocene
Catalyst
New "precision" catalysts that provide extended manufacturing
control over the molecular structure and properties of polyethylene.
When used to manufacture linear low-density polyethylene (LLDPE), the
result is a film of exceptional clarity and strength that is ideal for
food packaging.
Metallocene
Compounds
The key ingredients in the company's proprietary metallocene catalyst.
Methane
The principal constituent of natural gas.
Methyl
Mercaptan
A sulfur-based chemical used primarily to produce methionine (a food
supplement for poultry) and agricultural chemicals.
Methyl
Tertiary Butyl Ether (MTBE)
A lead-free, anti-knock additive for gasolines.
Midstream
All
activities associated with storage and transport of crude oil and
natural gas (before processing) via ship, rail, truck or pipeline.
Mission
Phillips' corporate mission is to provide superior financial returns for
its shareholders.
MMCFD
Million cubic feet per day.
Monomer
A simple molecular unit (such as ethylene or styrene) from which a
polymer can be made.
Motor
Oil
Refined lubricating oil, usually containing additives; used as a
lubricant in internal combustion engines. Phillips' brand is called
TropArtic.
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