by rockdoc123 » Fri 04 Nov 2005, 22:16:59
Somewhere here I gave the definitions and a cooks tour of how OOIP, URR, P1, proven, probable etc. terms all fit together.
If the "evidence" is exceptional when a field is discovered OOIP should be a decent number. However that is not always the case. Often after a few wells have been drilled it is found the field is either larger or smaller for one reason or another (if you want me to go into a diatribe on this I can...might bore you though). As a consequence early in a fields history the OOIP can change. As we run into new technologies such as 3D seismic etc. there can also be changes to OOIP.
The question you ask is very fundamental however...... if you know the OOIP then it is much easier to reconcile the various other reserve numbers. That being said trying to get authenticated OOIP numbers is quite difficult.