Part of the key areas of Field Study & Modelling and one of the Subsurface Production Disciplines, related to predicting dynamic fluid properties at various temperature and pressure and includes the following components:
The alternative name is PVT Analysis and means that major fluid properties are directly or indirectly related to the correlation between fluid's Pressure, Volume and Temperature.
This is a misnomer as some important dynamic fluid properties can not be accurately derived from Pressure – Volume – Temperature correlations.
See Also
Petroleum Industry / Upstream / Subsurface E&P Disciplines