OOIP definition

OOIP or “Original Oil In Place” means the quantity of petroleum which is estimated to be contained in known accumulations

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OOIP means original oil in place.

Examples of OOIP in a sentence

• Initial production upgrade projects include: · Restoring production to shut-in ▇▇▇▇▇ such as the two Rimu oil ▇▇▇▇▇; · Workover operations such as removing fluid and solids build up with coiled tubing; · Reducing the frequency of production shut down at the Manutahi D pilot plant by connecting additional (existing) tanks The oil in the Manutahi field is in a good quality reservoir at modest depth of 1,100m and had OOIP of 30 million barrels*.

• Initial production upgrade projects include:  Restoring production to shut-in ▇▇▇▇▇ such as the two Rimu oil ▇▇▇▇▇;  Workover operations such as removing fluid and solids build up with coiled tubing;  Reducing the frequency of production shut down at the Manutahi D pilot plant by connecting additional (existing) tanks The oil in the Manutahi field is in a good quality reservoir at modest depth of 1,100m and had OOIP of 30 million barrels*.