Percentage of total volume of oil reserves
expected to be recovered LaTeX Math Inline body --uriencoded--\rm V_%7BSTOIIP%7D
from a reservoir by the end of its producing life:LaTeX Math Inline body --uriencoded--Q_%7BO, \, \rm max%7D
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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
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Petroleum Industry / Upstream / Production / Subsurface Production / EUR 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 ]