What is the total amount of oil located in the subsurface of a reservoir called?

Unlock all questions

This demo includes only 20 questions. Upgrade to access hundreds of questions, flashcards, exam simulations, and disable ads.

Full question bankExam simulationsFlashcards
From $9.99Unlock all

Study for the PetroBowl Test. Enhance your knowledge with flashcards and multiple choice questions, each question comes with hints and thorough explanations. Prepare thoroughly for your exam!

Multiple Choice

What is the total amount of oil located in the subsurface of a reservoir called?

Explanation:
Oil in place is the total quantity of oil originally present in the subsurface reservoir. It counts every drop held in the rock’s pore spaces (and any trapped oil still inside the rock) before production begins, including portions that may be unrecoverable with current technology or economics. Reserves refer to the portion that can be recovered profitably with today’s methods, while recoverable oil is the subset that can actually be extracted given the existing technology. Oil on surface isn’t a descriptor for oil located underground.

Oil in place is the total quantity of oil originally present in the subsurface reservoir. It counts every drop held in the rock’s pore spaces (and any trapped oil still inside the rock) before production begins, including portions that may be unrecoverable with current technology or economics. Reserves refer to the portion that can be recovered profitably with today’s methods, while recoverable oil is the subset that can actually be extracted given the existing technology. Oil on surface isn’t a descriptor for oil located underground.

More Multiple Choice Questions
Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy