The maximum recoverable 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 concepts concept of Estimated Ultimate Recover and current Hydrocarbon Reserves depend on the parameters of FDP based on recovery 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 / 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 ]