Oil In Place

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Thursday, 23 June 2016

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Oil in place is the total hydrocarbon content of an oil reservoir and is often abbreviated STOOIP, which stands for Stock Tank Original Oil In Place, or STOIIP for Stock Tank Oil Initially In Place, referring to the oil in place before the commencement of production. In this case, stock tank refers to the storage vessel (often purely notional) containing the oil after production.

Oil in place must not be confused with oil reserves, that are the technically and economically recoverable portion of oil volume in the reservoir. Current recovery factors for oil fields around the world typically range between 10 and 60 percent; some are over 80 percent. The wide variance is due largely to the diversity of fluid and reservoir characteristics for different deposits.

Accurate calculation of the value of STOIIP requires knowledge of:

and is achieved using the formula

where

Gas saturation Failed to parse (Missing texvc executable; please see math/README to configure.): S_g

The constant value 7758 converts acre-feet to stock tank barrels. An acre of reservoir 1 foot thick would contain 7758 barrels of oil in the limiting case of 100% porosity, zero water saturation and no oil shrinkage. If the metric system is being used, a conversion factor of 6.289808 can be used to convert cubic metres to stock tank barrels. A 1 cubic metre container would hold 6.289808 barrels of oil.

In Place

Life is boring
Sleep is boring
Don't stop running
I'm here counting
The life, the hurt, the pain, the hate
The life, the hurt, the pain, the hate
The life, the hurt, the pain, the hate
Really can't fuck with me
There's no where else to go
So I walk but seem to crawl
For I'm giving in today
Now I run into a wall
Cause I cannot find my way
You've got to come with me
I can not stand this place
We are crawling up the wall
And I'll give in this way
We had our chance to run
And now I can't believe
We're going all the way
And now the shits in place
My life, worry, lifeless story
Give up beating
I'll start bleeding
The life, the hurt, the pain, the hate
The life, the hurt, the pain, the hate
The life, the hurt, the pain, the hate
Really can't fuck with me
There's no where else to go
So I walk but seem to crawl
For I'm giving in today
Now I run into a wall
Cause I can not find my way
You've got to come with me
I can not stand this place
We are crawling up the wall
And I'll give in this way
We had our chance to run
And now I can't believe
We're going all the way
And now the shits in place
What really do I have to follow?
Nothing makes sense at all
Taking something for nothing
Watch me as I fall
I'm bringing me down
You've got to come with me
I can not stand this place
We are crawling up the wall
And I'll give in this way
We had our chance to run
And now I can't believe
We're going all the way
And now the shits in place

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11-05-2015Upgrade to Portland Sandstone Oil in Place Volumes (UK Oil & Gas Investments plc)

Edit noodls 11 May 2015

Upgrade to Horse Hill Conventional Portland Sandstone Oil in Place Volumes ... This revised STOIIP is separate to the oil-in-place volumes estimated for the argillaceous limestones and mudstones of the Kimmeridge, Oxford and Lias rock sections of the HH-1 well, as reported on 9 April 2015 and 15 April 2015 ... oil in place or oil initially-in-place ... stock tank oil initially in place....