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* * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * * Total Petroleum Initially-in-Place Petroleum Initially-in-Place is the total quantity of petroleum that is estimated to exist originally in naturally occurring reservoirs. Crude Oil-in-place, Natural Gas-in-place and Natural Bitumen-in-place are defined in the same manner (see Resources). (Also referred as Total Resource Base or Hydrocarbon Endowment.) * Reserves * Reserves are those quantities of petroleum anticipated to be commercially recoverable by application of development projects to known accumulations from a given date forward under defined conditions. Reserves must further satisfy four criteria: They must be discovered, recoverable, commercial, and remaining (as of a given date) based on the development project(s) applied. * * * Reserves (蘊藏量) Reserves = OOIP * recovery factor where OOIP = A * h * ? * (1-Sw) * 1/Bo recovery factor (採收因子) = f( k, E, P, T …) k = permeability (滲透率) * The setting for hydrocarbon accumulation is a sedimentary basin that has provided the essential components for petroleum reservoir occurrence, namely (a) a source for hydrocarbons, (b) the formation and migration of petroleum, (c) a trapping mechanism, i.e., the existence of traps in porous sedimentary rock at the time of migration and in the migration path. The discovery of oil by exploration well drilling in some of the world’s sedimentary basin is shown in Figs. 2.1 and 2.2 * Exploration Showing a Good Success Rate 23 March 2006 - A strong reflection of New Zealands prospectivity for oil and gas has been shown by the substantial lift in exploration wells drilled since 2000, and particularly in the past two years. A strong reflection of New Zealands prospectivity for oil and gas has been shown by the substantial lift in exploration wells drilled sin
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