The maximum volume of Oil Initial In Place (OIIP) which is assumed by the current Field Development Plan (FDP) as being possible to be recovered with positive profitability:
STOIIP = EUOR + Non-recoverable Oil Reserves
Unlike Oil Initial In Place (OIIP) which is a geological category, the concept of Estimated Ultimate Oil Recovery (EUOR) depends 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) / Stock-Tank Oil Initial In-Place (STOIIP)
[ Non-recoverable Oil Reserves ]