Stock Tank Oil

	Stock Tank Oil Stock Tank Oil refers to the volume of oil after flashing to nominal atmospheric (or other stated) storage pressure and temperature (as opposed to reservoir conditions). See also * Oil in place Oil in place (OIP) (not to be confused with original oil-in-place (OOIP)) is a specialist term in petroleum geology that refers to the total oil content of an oil reservoir. As this quantity cannot be measured directly, it has to be estimated from ... References {{reflist www.oilgasglossary.com/stock_tank_oil.html Petroleum industry Petroleum production ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
	Oil In Place Oil in place (OIP) (not to be confused with original oil-in-place (OOIP)) is a specialist term in petroleum geology that refers to the total oil content of an oil reservoir. As this quantity cannot be measured directly, it has to be estimated from other parameters measured prior to drilling or after production has begun. Prior to oil production from a new reservoir, ''volumetric'' methods are used to estimate oil-in-place. A series of test drills are used to map the rock conditions at and around the drilling site and to estimate the size of the oil-bearing rock field. The oil in place is calculated as the product of the volume of porous oil-bearing rock, the porosity of the rock, and its saturation. Correction factors have to be applied for the difference between the volume of the same mass of oil in the reservoir to its volume when brought to the surface, which is caused by the different physical conditions (temperature, pressure) there. Oil-in-place is also known as stock tank o ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]
picture info	Petroleum Industry The petroleum industry, also known as the oil industry or the oil patch, includes the global processes of hydrocarbon exploration, exploration, extraction of petroleum, extraction, oil refinery, refining, Petroleum transport, transportation (often by oil tankers and pipeline transport, pipelines), and marketing of list of crude oil products, petroleum products. The largest volume products of the industry are fuel oil and gasoline (petrol). Petroleum is also the raw material for many petrochemical, chemical products, including pharmaceutical drug, pharmaceuticals, solvents, fertilizers, pesticides, synthetic Aroma compound, fragrances, and plastics. The industry is usually divided into three major components: upstream (petroleum industry), upstream, midstream, and downstream (petroleum industry), downstream. Upstream regards exploration and extraction of Petroleum, crude oil, midstream encompasses transportation and Oil terminal, storage of crude, and downstream concerns refining ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu]