Definitions for "Oil In Place"
The crude oil estimated to exist in a field or a reservoir. Oil in the formation not yet produced.
Estimation of real amount of oil in a reservoir. Higher value than recoverable reserves of reservoir.
The total volume of oil in a field. It is the total of all that can be recovered plus oil that for technical reasons cannot be recovered. Typically only about 30% of oil can be recovered from a field. The Gippsland fields are exceptional in having a recovery factor of 45% or more.
Keywords:  place, see
See "In Place"