What are the most effective methods for estimating original oil in place and recovery factor?
Original oil in place (OOIP) and recovery factor (RF) are two key parameters for reservoir engineering and management. They indicate how much oil is initially stored in the reservoir and how much of it can be extracted with different methods. Estimating these parameters accurately can help optimize reservoir performance, plan development strategies, and evaluate economic viability. In this article, we will discuss some of the most effective methods for estimating OOIP and RF, and their advantages and limitations.