Do reserve and oil in place have the same meaning and what is recovery ?
Junior Member
Do reserve and oil in place have the same meaning and what is recovery ?
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Junior Member
Reserves is only the part of the Oil in Place that can be considered as recoverable.
Depending on the degree of uncertainty, the reserves can be further classified in categories such as produced, proven, possible, probable. The subject is quite extense, if this information is not enough, you had better go through Wikipedia/a general text in petroleum engineering or a specific text on reserves estimation.
Junior Member
Reserves is only the part of the Oil in Place that can be considered as recoverable.
Depending on the degree of uncertainty, the reserves can be further classified in categories such as produced, proven, possible, probable. The subject is quite extense, if this information is not enough, you had better go through Wikipedia/a general text in petroleum engineering or a specific text on reserves estimation.
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