Gas initially in place
Appearance
Gas initially in place (GIIP) or original gas in place (OGIP) denote the total estimated quantity (volume) of natural gas contained in a "subsurface" asset prior to extraction (production).[1]
Gas Initially In Place = Gross Rock Volume * Net/Gross * Porosity * average initial Gas Saturation / Formation Volume Factor[2]
References
[edit]- ^ SPE (2011). Guidelines for Application of the Petroleum Resources Management System. Society of Petroleum Engineers. p. 222.
- ^ Dutton, John A. "5.2: Estimation of Original Gas In-Place, OGIP, Using the Volumetric Method". e-Education Institute. PennState College of Earth and Mineral Sciences. Retrieved 26 July 2022.