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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
The materials balance method for an oil or gas field uses an equation that relates the volume of oil, water and gas that has been produced from a reservoir and the change in reservoir pressure to calculate the remaining oil & gas. It assumes that, as fluids from the reservoir are produced, there will be a change in the reservoir pressure that ...
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.
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The table lists worldwide PE and the countries producing most (76%) of that in 2021, using Enerdata. The amounts are rounded and given in million tonnes of oil equivalent per year (1 Mtoe = 11.63 TWh (41.9 petajoules), where 1 TWh = 10 9 kWh) and % of Total. Renewable is Biomass plus Heat plus renewable percentage of Electricity production ...
≈ 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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