Oil in Place definition

Oil in Place or “OIP” each means an estimated measure of the total amount of oil contained in a reservoir and, as such, a higher figure than recoverable oil.
Sample 1

Examples of Oil in Place in a sentence

  • Without EOR technology, these reservoirs will produce only about 20% of their Original Oil in Place.

  • For this investigation, it was assumed that the modeling of the Impermeable barrier has no effect on the Overall Oil in Place.

  • Pri- mary recovery, using natural reservoir pressure, typically releases 10 to 15 percent of the Origi- nal Oil in Place (OOIP), leaving 85 to 90 percent of the oil trapped in the underground.

  • Oil in Place, MMBO(1) Prospective Oil Resources, MMBOLead Low Best High Low Best High Estimate Estimate Estimate Estimate Estimate EstimateFlat2655941,03359135249A4091,0862,46891250581B4791,2592,883105291686C3819161,94584210464D4151,1232,51092259591Sum1,9494,97810,8404311,1462,571(1) “MMBO” means million barrels of oil.

  • Out of these Leads, four have potential to be larger than the nearby Blina Oil Field which has an initial Oil in Place (OIP) of circa 5.7MMbbls (which has produced ~1.9MMbbls since 1981).

  • In 2011, all BRFSS surveillance sites had the capability to monitor their interviewers.

  • Without EOR technology, these reservoirs will produce only about20% of their Original Oil in Place.

  • The potential for the Mississippi Lime within the Montgomery County Opportunity is projected to be over 6,254,640 MMBO (Million Barrels of Oil), Original Oil in Place for Montgomery County projected in the 1970’s reserve study 5,212,200 MMBO and Estimated Ultimate Recovery for the entirety of the state of Kansas 19 BBLO (Billion Barrels of Oil).

  • By means of that, CO2-EOR is able to recover additional 15- 25% of Original Oil in Place, to prolong reservoir production life after secondary recovery methods by around 15 years [16].

  • The Re- stored State Method for Determination of Oil in Place and Connate Water.

Related to Oil in Place

  • Shelter-in-place means staff and children staying at the fa- cility due to an external threat such as a storm, chemical or gas leak or explosion, or other event that prohibits the occupants from safely leaving the facility.

  • Bail-in Power means any statutory cancellation, write-down and/or conversion power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms, including but not limited to any such laws, regulations, rules or requirements that are implemented, adopted or enacted within the context of a European Union directive or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms, or any other applicable laws or regulations, as amended, or otherwise, pursuant to which obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled and/or converted into shares or other securities or obligations of the obligor or any other person.

  • UK Bail-in Power means the powers under the UK Bail-in Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, write-down, transfer, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability.

  • Bail-in Powers means any Write-down and Conversion Powers as defined in the EU Bail-in Legislation Schedule, in relation to the relevant Bail-in Legislation.

  • UK Bail-in Powers means the powers under the UK Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability.

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • Subsidiary Stock means, with respect to any Person, the stock (or any options or warrants to purchase stock or other Securities exchangeable for or convertible into stock) of any Subsidiary of such Person.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Malt beverage or "malt liquor" means any beverage such as

  • NIM Securities As defined in the tenth Recital to this Agreement.

  • Lock-Up Securities has the meaning set out in Section 5(l).

  • Parental placement means locating or effecting the placement of a child or the placing of a child in

  • Subsidiary Shares shall have the meaning specified in Section 6.3 [Subsidiaries].

  • BofA Securities means BofA Securities, Inc.

  • Offshore means any country that is not one of the fifty United States or one of the United States Territories (American Samoa, Guam, Northern Marianas, Puerto Rico, and Virgin Islands). Permitted Uses and Disclosure by Business Associate.

  • Equity Interests means shares of capital stock, partnership interests, membership interests in a limited liability company, beneficial interests in a trust or other equity ownership interests in a Person, and any warrants, options or other rights entitling the holder thereof to purchase or acquire any such equity interest.

  • Disqualified Partnership Any domestic entity classified as a partnership under the Code if any of its direct or indirect beneficial owners (other than through a U.S. corporation) are (or, under the applicable partnership agreement, are permitted to be) Disqualified Non-United States Tax Persons.

  • Principal place of business means the head office or registered office of the organisation within which the principal financial functions and operational control of the activities referred to in this Regulation are exercised;

  • Off-Peak means, in relation to any Passenger Service, the period of time outside of the Peak;

  • Spin-Off Securities means equity share capital of an entity other than the Issuer or options, warrants or other rights to subscribe for or purchase equity share capital of an entity other than the Issuer.

  • Community placement means that period during which the

  • Adoptive placement means arranging for the care of a child who is in the custody of a

  • Company Subsidiary Securities has the meaning set forth in Section 3.02(d).

  • Agreed Stopping Places means those places, except the place of departure and the place of destination, set out in the Ticket or shown in our timetables as scheduled stopping places on your route.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Subject Securities means: (i) all securities of the Company (including all shares of Company Common Stock and all options, warrants and other rights to acquire shares of Company Common Stock) Owned by Stockholder as of the date of this Agreement; and (ii) all additional securities of the Company (including all additional shares of Company Common Stock and all additional options, warrants and other rights to acquire shares of Company Common Stock) of which Stockholder acquires Ownership during the period from the date of this Agreement through the Expiration Date.