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Since this is a measurement of mass, any conversion to barrels of oil equivalent depends on the density of the oil in question, as well as the energy content. Typically 1 tonne of oil has a volume of 1.08 to 1.19 cubic metres (6.8 to 7.5 bbl).
Definition of formation volume factor Bo and gas/oil ratio Rs for oil. When oil is produced to surface temperature and pressure it is usual for some natural gas to come out of solution. The gas/oil ratio (GOR) is the ratio of the volume of gas ("scf") that comes out of solution to the volume of oil — at standard conditions.
The ratio estimator is a statistical estimator for the ratio of means of two random variables. Ratio estimates are biased and corrections must be made when they are used in experimental or survey work. The ratio estimates are asymmetrical and symmetrical tests such as the t test should not be used to generate confidence intervals.
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Step two: Add up your monthly gross income Next, add up your monthly gross income . This should include wages from any traditional jobs as well as any gig or freelance work you do.
Gas undergoes a slight expansion when the temperature is raised from 15 °C (59 °F) to 60 °F and this expansion is built into the above factor for gas. The standard temperature and pressure (STP) for gas varies depending on the particular code being used. [2] It is just as important to know the standard pressure as the temperature.
Here’s how to calculate your DTI and find out how much debt you owe compared with your income. The Economy and Your Money: All You Need To Know Read: What You Should Understand About Economic ...
Crude oil is a complex mixture of many individual compounds which influence the physical properties of the oil, such as its density (API gravity), viscosity, Permeability, Dew point, Formation Volume, etc..