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    8 views2 pages

    Oil Gas Conversion Chart FINAL 1 PDF

    Uploaded by

    Yudhiminer

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    Oil & Gas Conversion Chart (2008)

    Abbreviations Industry standard boe


    m Thousand Barrels of oil equivalent
    mm Million 1 boe 1 Barrel of Oil = 158.987 Litres
    b Billion 170mm boe = 1 TCF
    t Trillion = 34.9726 Imperial gallons/42 US gallons
    k kilo - 10³ = 6,000 Cubic Feet Gas (Oil Search)
    M Mega = 10⁶ = 5,700 Cubic Feet Gas (Woodside)
    G Giga = 10⁹ = 5,512.58 Cubic Feet Gas (for Santos reserves)
    T Tera = 10¹² = 0.1024 Tonnes LNG
    P Peta = 10¹⁵ = 1.069 Barrels of Condensate
    bbl Barrel = 0.136 Tonnes of Condensate
    bpd Barrels Per Day (Liquids) = 1.3986 Barrels LPG
    bopd Barrels of Oil Per Day = 0.1182 Tonnes LPG (Cooper Basin)
    m bbls Thousand Barrels = 0.1206 Tonnes of LPG (Bass Strait)
    mm bbls Million Barrels = 0.1134 Tonnes Propane
    boe Barrel of Oil Equivalent = 0.1293 Tonnes Butane
    stb Stock Tank Barrel = 0.1908 Tonnes Coal
    KL Kilolitre 1 Kilolitre = 6.2898 Barrels
    scf Standard Cubic Feet
    mscf Thousand Standard Cubic Feet Rates of production/flow
    mmscf Million Standard Cubic Feet (10⁶) 1,000 bpd = 50,000 tonnes per year
    mmscfd Million Standard Cubic Feet Per Day 100 mmcfd = 36.5 bcf per year
    mRT Metres below the rotary table of the drilling rig
    bcf Billion Cubic Feet LNG (liquefied natural gas at - 161 degrees Celsius)
    bscf Billion Standard Cubic Feet (10⁹) 1 Tonne LNG = 8.9055 boe (Woodside)
    tcf Trillion Cubic Feet = 45.9 mcf
    scm Standard Cubic Metre = 1,428 cm
    Btu British Thermal Unit = 51.7 Mbtu (Delivered)
    J Joule 1 Cargo LNG (WPL NWS ships) = 56,000 Tonnes Delivered - (9th ship 62,000)
    Gj Gigajoule 10⁹ 1 million tonnes of LNG / year = 3.65 million cubic metres of natural gas per day
    TJ Terajoule 10¹² 1mm scm of Domgas/LNG has a heating equivalent of approximately 6,000 bbls of oil
    PJ Petajoule 10¹⁵
    T Tonne LPG (liquefied petroleum gas [propane & butane])
    Kt Thousand Tonnes 1 Tonne LPG = 8.1876 boe (Woodside)
    Tpa Tonnes Per Annum 1 Tonne LPG = 8.458 boe (Santos)
    Toe Tonne of Oil Equivalent
    Other terms Natural gas (primarily methane) assumes heating value of 1000 BTU per cubic foot
    ITJ = 172 boe
    APPEA Australian Petroleum Production & Exploration
    Association = 163.6 boe (Woodside)
    API American Petroleum Institute (oil gravity) = 847 mcf (North West Shelf)
    AVO Amplitude vs Offset (seismic analysis) = 943 mcf (Cooper Basin)
    BOP Blow out preventer = 948 mcf (Surat Basin)
    DCQ Daily contract quantity 1 kilojoule = 0.9478 btu
    DHI Direct Hydrocarbon Indicator (on seismic) 1PJ = 171,937 boe (Santos)
    DST Drill Stem Test 1CF = 1,000 Btu
    ESP Electrical submersible pump 1 BCF = 1.09 Pj
    Feed Front End Engineering and Design = 0.178428 mm boe
    FPSO Floating Production, Storage & Offloading Unit 1BCF = 1.055 Petajoules (Santos& Oil Search)
    GOR Gas oil ratio 1 BTU = 1.055 Kj
    GWC Gas Water Contact 1 mm Btu = 0.1724 boe (Gulf of Mexico gas)
    LOGS Wireline logging tool (electronic, sonic, etc) = 1 mcf
    MDQ Minimum Daily Quantity 1 cubic metres of gas = 35.315 cubic feet or 35,315 BTU
    NWSGP North West Shelf Gas Project 1 Tonne Ethane = 26,800 cubic feet (Bass Strait)
    OOIP Original Oil in Place
    OWC Oil water contact Condensate (from wet gas)
    PRRT Petroleum Resource Rent Tax 1 Tonne = 8.3 bbls (Woodside)
    PSC Production Sharing Contract = 7.35 bbls
    RFT Repeat Formation Test 1 BBL Condensate/Naphtha = 0.935 boe (Santos)
    TVD True Vertical Depth (of hole while drilling) = 1.0 boe (Woodside)
    WTI West Texas Intermediate (US benchmark oil)

    www.karoongas.com.au
    Oil & Gas Conversion Chart (2008)
    SPE reserve definitions SEC reserve definitions
    Proved (1P) reserves: Proved reserves
    Quantities of petroleum, which, by analysis of geoscience and The estimated quantities of crude oil, natural gas and natural gas
    engineering data, can be estimated with reasonable certainty to be liquids that geological and engineering data demonstrate with
    commercially recoverable, from a given date forward, from known reasonable certainty to be recoverable in future years from known
    reservoirs under defined economic conditions, operating methods reservoirs under existing economic and operating conditions.
    and government regulations. Probabilistic – at least 90% probability. Economic producibility must be supported by either actual
    Deterministic – high degree of confidence. production or conclusive formation test. The SEC allows 3Dseismic
    Probable (2P) reserves: data to be used in the deep water Gulf of Mexico where high drilling
    Additional reserves which analysis of geoscience and engineering costs prohibit full evaluation of a reservoir section.
    data indicate are less likely to be recovered than proved reserves, but
    more certain to be recovered than possible reserves. It is equally Contingent reserve definition
    likely that actual remaining quantities recovered will be greater than Quantities of hydrocarbon estimated to be potentially recoverable
    or less than the sum of the estimated proved plus probable reserves from known accumulations, but are not currently considered to be
    (2P). Probabilistic – at least 50% probability that quantities recovered commercially recoverable. Contingent resources may be of a
    will equal or exceed the 2P estimate. significant size, but still have constraints to development. These
    Possible (3P) reserves: constraints, preventing the booking of reserves, may relate to lack of
    Additional reserves which analysis of geoscience and engineering gas marketing arrangements or to technical, environmental or
    data suggest are less likely to be recoverable than probable reserves. political barriers that prevent current economic development.
    The total quantities ultimately recovered from a project have a low
    probability to exceed the sum of provided plus probable plus possible Prospective resources
    (3P) reserves. Probabilistic – at least 10% probability that quantities Those quantities of petroleum estimated, as of a given date, to be
    recovered will equal or exceed the 3P estimate. potentially recoverable from undiscovered accumulations by
    Probabilistic reserve definitions application of future development projects. This class represents a
    higher risk than contingent resources as the risk of discovery is also
    P90. A probability cut-off of 90% is often used to describe proved added.
    reserves. In this case, proved reserves are defined as having a better-
    than-90% chance of being produced over the life of the field.
    P50. A probability cut-off of 50% is often used to describe probable
    reserves. Reserves that have a better-than-50% chance of being
    technically and economically producible. These are reserves that are
    often referred to as ‘indicated’.
    P10. A probability cut-off of 10% is often used to describe possible
    reserves. These are reserves that are often described as ‘inferred’.
    They have a less-than-50% chance of being technically and
    economically producible.

    www.karoongas.com.au

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