We appreciate your visit to Q3 1 mark We have a structure that is planned to be appraised in the year 2024 We think it might contain a STOLIP of. This page offers clear insights and highlights the essential aspects of the topic. Our goal is to provide a helpful and engaging learning experience. Explore the content and find the answers you need!
Answer :
Q3: Proved oil reserves as of today = 13.86 MMstb
Q4: Reserves available in the country = 3,176.4 MMstb
Q3: To calculate the proved oil reserves as of today, we need to use the formula:
Proved reserves = STOLIP x Recovery factor
where STOLIP is the stock tank oil initially in place, and recovery factor is the percentage of oil that can be extracted from the reservoir.
Given STOLIP = 33 MMstb and recovery factor = 42%, we get:
Proved reserves = 33 MMstb x 42% = 13.86 MMstb
Therefore, the proved oil reserves as of today is 13.86 MMstb.
Q4: The reserves to production ratio (R/P) is a measure of how long the reserves will last at the current production rate. We can calculate the reserves available in the country using the formula:
Reserves available = R/P x Annual production
Given R/P = 99.3 and annual production = 32 million stock tank barrels, we get:
Reserves available = 99.3 x 32 million = 3,176.4 MMstb
Therefore, the reserves available in the country is 3,176.4 MMstb.
For more questions like Oil reserves click the link below:
https://brainly.com/question/30395418
#SPJ11
Thanks for taking the time to read Q3 1 mark We have a structure that is planned to be appraised in the year 2024 We think it might contain a STOLIP of. We hope the insights shared have been valuable and enhanced your understanding of the topic. Don�t hesitate to browse our website for more informative and engaging content!
- Why do Businesses Exist Why does Starbucks Exist What Service does Starbucks Provide Really what is their product.
- The pattern of numbers below is an arithmetic sequence tex 14 24 34 44 54 ldots tex Which statement describes the recursive function used to..
- Morgan felt the need to streamline Edison Electric What changes did Morgan make.
Rewritten by : Barada
