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MMbod – million barrels of oil per day; MMboe – million barrels of oil equivalent; MMboed – million barrels of oil equivalent per day; MMbpd – million barrels per day; MMcf – million cubic feet (of natural gas) MMcfe – million cubic feet (of natural gas equivalent) MMcfge – million cubic feet (of natural gas equivalent)
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).
Oil conversion factor from m³ to bbl (or stb) is 6.28981100; Gas conversion factor from standard m³ to scf is 35.314666721; Note that the m³ gas conversion factor takes into account a difference in the standard temperature base for measurement of gas volumes in metric and imperial units.
At an oil refinery, production is sometimes reported as barrels per calendar day (b/cd or bcd), which is total production in a year divided by the days in that year. Likewise, barrels per stream day (BSD or BPSD) is the quantity of oil product produced by a single refining unit during continuous operation for 24 hours. [a]
BBL/D—Barrel per day; BBL/SD—Barrel per day, on stream days; BBL—barrel (42 gallons) —Balgzand Bacton Line (BBL Pipeline) BCD—Barrel per day, on calendar days; BCF—billion cubic feet; BCP—Blackstart Capability Plan; BES—Bulk electric system (Electricity transmission) BESS—Battery Energy Storage System; BfP—Bureau Fédéral ...
Brent crude oil monthly forward contracts started trading in 1983 as "open" contracts, or contracts that specify delivery month but not the delivery date. From 1983 to 1985, these contracts were for 500,000 barrels of Brent Blend crude, and were increased to 600,000 barrels after 1985.
In the oil industry, quantities of crude oil are often measured in metric tons. One can calculate the approximate number of barrels per metric ton for a given crude oil based on its API gravity: barrels of crude oil per metric ton = API gravity + 131.5 141.5 × 0.159 {\displaystyle {\text{barrels of crude oil per metric ton}}={\frac {{\text{API ...
Throughout the article, units of weight, namely Mt (10 6 metric tons), are used to quantify the amount of oil. Most Wikipedia articles and general industry sources use the bbl, a unit of volume, to quantify the same. Since oils and especially petroleum products vary in their density, direct recovery of common volume units requires an expert review.