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Metric regions commonly use the tonne of oil equivalent (toe), or more often million toe (Mtoe). Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
BO – barrel of oil; boe – barrels of oil equivalent; boed – barrels of oil equivalent per day; BOEM – Bureau of Ocean Energy Management; boepd – barrels of oil equivalent per day; BOB – back on bottom; BOD – biological oxygen demand; BOL – bill of lading; BOM – bill of materials; BOP – blowout preventer; BOP – bottom of pipe
Natural gas is frequently associated with oil directly and gas reserves are commonly quoted in barrels of oil equivalent (BOE). Consequently, both oil and gas reserves, as well as resource estimates, follow the same reporting guidelines, and are referred to collectively hereinafter as oil & gas. [1]
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The oil and gas industry in the United Kingdom produced 1.42 million BOE per day [4] in 2014, of which 59% [4] was oil/liquids. In 2013 the UK consumed 1.508 million barrels per day (bpd) of oil and 2.735 trillion cubic feet (tcf) of gas, [ 5 ] so is now an importer of hydrocarbons having been a significant exporter in the 1980s and 1990s.
The tonne of oil equivalent (toe) is a unit of energy defined as the amount of energy released by burning one tonne of crude oil. It is approximately 42 gigajoules or 11.630 megawatt-hours , although as different crude oils have different calorific values , the exact value is defined by convention; several slightly different definitions exist.
≈ 1 bboe (barrel of oil equivalent) [144] 10 10 1.9×10 10 J: Kinetic energy of an Airbus A380 at cruising speed (560 tonnes at 511 knots or 263 m/s) 4.2×10 10 J: ≈ 1 toe (ton of oil equivalent) [144] 4.6×10 10 J: Yield energy of a Massive Ordnance Air Blast bomb, the second most powerful non-nuclear weapon ever designed [145] [146] 7.3× ...
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