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.
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.
Source: Wikipedia "Oil in place" · CC BY-SA 4.0
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