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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..
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STOIIP – stock tank oil initially in place; STOOIP – stock tank oil originally in place; STOP – safety training observation program; STP – submerged turret production; STP – standard temperature and pressure; STSH – string shot; STTR – single top tension riser; ST&C – short thread and coupled; STC – short thread and coupled
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