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For multiphase fluid in thermodynamic equilibrium at a given pressure 

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bodyp
 and temperature 
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bodyT
  the total fluid compressibility is:

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anchor1
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c_f(p, T) = \sum_{\alpha} s_\alpha c_\alpha

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where 

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body{w, \, o, \, g}
 mean water phase, oil phase and gas phase.


See also

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[Compressibility] [Compressibility (multi-phase fluid) @model]