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Oil-in-place is also known as stock tank original oil-in-place (STOOIP) or stock tank oil-initially-in-place (STOIIP), referring to the oil in place before the commencement of production. In this case, stock tank barrels refers to the volume of oil after production, at surface pressure and temperature (as opposed to reservoir conditions).
The total estimated quantity (volumes) of oil and/or gas contained in a subsurface reservoir, is called oil or gas initially in place (STOIIP or GIIP respectively). [12] However, only a fraction of in place oil & gas can be brought to the surface ( recoverable ), [ q ] and it is only this producible fraction that is considered to be either ...
Crude oil is a complex mixture of many individual compounds which influence the physical properties of the oil, such as its density (API gravity), viscosity, Permeability, Dew point, Formation Volume, etc..
Words with specific American meanings that have different meanings in British English and/or additional meanings common to both dialects (e.g., pants, crib) are to be found at List of words having different meanings in British and American English. When such words are herein used or referenced, they are marked with the flag [DM] (different ...
The field is located in the northern part of the Viking Graben, north of the Viking Trough and east of the East Shetland Platform, in the same general area as the Brent oilfield discovered in 1971, and the Cormorant oilfield, Thistle oil field, Dunlin oilfield, Heather oil field and the Hutton oilfield, all discovered by 1973. [2]
The Clair oilfield is an offshore oil field in Scottish territorial waters 75 kilometres (47 mi) west of Shetland in water depths of up to 140 metres (460 ft). The field is the largest oilfield on the UK Continental Shelf with an estimated 8 billion barrels of oil-in-place, according to the BP Plc's website.
The Tiber Oil Field is a deepwater offshore oil field located in the Keathley Canyon block 102 of the United States sector of the Gulf of Mexico.The deepwater field (defined as water depth 1,300 to 5,000 feet (400 to 1,520 m), [2]) was discovered in September 2009 and it is operated by BP.
The Buchan oil field is a small oil field with small gas reserves [1] in the central North Sea.It lies in an area known as the South Halibut Basin, approximately 120 miles (190 km) northeast of Aberdeen, Scotland, and is located mainly in license block 21/1A, extending into block 20/5A(E).