STOIIP
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STOIIP
STOIIP stands for stock tank oil initially in place. Equals to the volume of the reservoir oil at the surface conditions.
Equation
where
- = Area, m2
- = Oil formation volume factor, m2
- = Net pay, oil saturated thickness, m
- = Hydrocarbon pore volume, m3
- = Porosity, fraction
- = Oil saturation, fraction