The maximum recoverable volume of Oil Initial In Place (OIIP).
Unlike Oil Initial In Place (OIIP) which is a geological category, the concepts of Estimated Ultimate Oil Recovery (EUOR) and current Oil Reserves (OR) depend on FDP and Petroleum Production specifics (recovery method, recovery duration, surface logistics, market conditions and economics).
See Also
Petroleum Industry / Upstream / Subsurface E&P Disciplines / Petroleum Geology / Petroleum Reservoir / Petroleum Reservoir Fluids / Oil Initial In Place (OIIP)