Oil in Place definition

Oil in Place or “OIP” each means an estimated measure of the total amount of oil contained in a reservoir and, as such, a higher figure than recoverable oil.
Sample 1

Examples of Oil in Place in a sentence

  • Without EOR technology, these reservoirs will produce only about 20% of their Original Oil in Place.

  • The information included in respect of such waterflood plans includes the OOIP (or Original Oil in Place) associated with such assets, the recovery factors based on primary recovery and the expected recovery factors based on both primary and secondary (or waterflood) recovery.

  • Original Oil in Place (OOIP) is the equivalent to Discovered Petroleum Initially In Place (DPIIP) for the purposes of this press release.

  • Access to Large Heavy Oil Resources: The Company has access to very large accumulations of heavy oil in Colombia estimated to exceed seven billion barrels of working interest share of Original Oil in Place (“ OOIP”).

  • Their independent assessment identified a best estimate Oil in Place of15.7 billion barrels1 and Prospective Resources of 718 million barrels1 of oil equivalent from three prospects and 16 leads.

  • For this investigation, it was assumed that the modeling of the Impermeable barrier has no effect on the Overall Oil in Place.

  • Reservoir properties such as Original Oil in Place (OOIP) and recovery factors are estimated by using relatively reliable methods.

  • This is considered to be conservative estimate of the Oil in Place volumes.

  • The volumes listed in the table above entitled “Undiscovered Resources” refer to volumes of Oil in Place.

  • Assuming that APAs would consolidate the SIs trading data, there would be three main APA contributors for equity: the CBOE APA, the LSEG/Turquoise APA and the Tradeweb APA.

Related to Oil in Place

  • Shelter-in-place means staff and children staying at the fa- cility due to an external threat such as a storm, chemical or gas leak or explosion, or other event that prohibits the occupants from safely leaving the facility.

  • Bail-in Power means any statutory cancellation, write-down and/or conversion power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms, including but not limited to any such laws, regulations, rules or requirements that are implemented, adopted or enacted within the context of a European Union directive or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms, or any other applicable laws or regulations, as amended, or otherwise, pursuant to which obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled and/or converted into shares or other securities or obligations of the obligor or any other person.

  • UK Bail-in Power means any write-down, conversion, transfer, modification and/or suspension power existing from time to time under any laws, regulations, rules or requirements relating to the resolution of banks, banking group companies, credit institutions and/or investment firms incorporated in the United Kingdom in effect and applicable in the United Kingdom to the Company or other members of the Group, including but not limited to any such laws, regulations, rules or requirements that are implemented, adopted or enacted within the context of any applicable European Union directive or regulation of the European Parliament and of the Council establishing a framework for the recovery and resolution of credit institutions and investment firms, and/or within the context of a U.K. resolution regime under the U.K. Banking Act 2009, as the same has been or may be amended from time to time (whether pursuant to the U.K. Financial Services (Banking Reform) Act 2013, secondary legislation or otherwise), pursuant to which obligations of a bank, banking group company, credit institution or investment firm or any of its affiliates can be reduced, cancelled, amended, transferred and/or converted into shares or other securities or obligations of the obligor or any other person.

  • Bail-in Powers means any Write-down and Conversion Powers as defined in the EU Bail-in Legislation Schedule, in relation to the relevant Bail-in Legislation.

  • UK Bail-in Powers means the powers under the UK Bail-In Legislation to cancel, transfer or dilute shares issued by a person that is a bank or investment firm or affiliate of a bank or investment firm, to cancel, reduce, modify or change the form of a liability of such a person or any contract or instrument under which that liability arises, to convert all or part of that liability into shares, securities or obligations of that person or any other person, to provide that any such contract or instrument is to have effect as if a right had been exercised under it or to suspend any obligation in respect of that liability.

  • ETP Securities means the Series of ETP Securities to which these Conditions relates or, as the context may require, any or all securities issued by the Issuer under the Programme.

  • Subsidiary Stock means, with respect to any Person, the stock (or any options or warrants to purchase stock or other Securities exchangeable for or convertible into stock) of any Subsidiary of such Person.

  • Portfolio Securities or "investments" of the Series shall mean, respectively, such assets, net assets, securities, portfolio securities or investments which are from time to time under the management of the Subadviser pursuant to this Agreement.

  • Malt beverage or "malt liquor" means any beverage such as

  • Lock-Up Securities shall have the meaning set forth in Section 4.1.

  • Parental placement means locating or effecting the placement of a child or the placing of a child in

  • Subsidiary Shares has the meaning ascribed to it in Section 3.3(a).

  • BofA Securities means BofA Securities, Inc.

  • Equity Interests means Capital Stock and all warrants, options or other rights to acquire Capital Stock (but excluding any debt security that is convertible into, or exchangeable for, Capital Stock).

  • Principal place of business means the head office or registered office of the organisation within which the principal financial functions and operational control of the activities referred to in this Regulation are exercised;

  • Off-Peak means, in relation to any Passenger Service, the period of time outside of the Peak;

  • Spin-Off Securities means equity share capital of an entity other than the Issuer or options, warrants or other rights to subscribe for or purchase equity share capital of an entity other than the Issuer.

  • Principal place of residence means the residential property where the beneficiary, and/or in the instances specified the spouse or a dependent child of such a person lives the majority of the time during the year – one hundred and eighty-three (183) days in the previous twelve (12) months.

  • Community placement means that period during which the

  • Adoptive placement means arranging for the care of a child who is in the custody of a

  • Company Subsidiary Securities has the meaning set forth in Section 3.02(d).

  • Agreed Stopping Places means those places, except the place of departure and the place of destination, set out in the Ticket or shown in our timetables as scheduled stopping places on your route.

  • Equity-linked Securities means any debt or equity securities that are convertible, exercisable or exchangeable for Class A Shares issued in a financing transaction in connection with a Business Combination, including but not limited to a private placement of equity or debt.

  • Subject Securities means: (a) all securities of the Company (including all shares of Company Common Stock and all options, restricted stock units, warrants and other rights to acquire shares of Company Common Stock) Owned by Stockholder as of the date of this Agreement; and (b) all additional securities of the Company (including all additional shares of Company Common Stock and all additional options, restricted stock units, warrants and other rights to acquire shares of Company Common Stock) of which Stockholder acquires Ownership during the Voting Period.

  • Snack means supplemental food served between meals.