Stock-tank oil initially in place (STOIIP)

{
  "id": "MLC-T-OAG-003627",
  "term": "Stock-tank oil initially in place (STOIIP)",
  "field": "Oil and gas",
  "definition": "The total volume of oil, measured at standard surface conditions (stock-tank conditions), that is estimated to be present in a reservoir before any production begins. This value is a fundamental parameter for calculating reserves and evaluating the potential of an oil accumulation. STOIIP is typically expressed in barrels or cubic meters.",
  "abbreviation": "STOIIP",
  "subject": "Enhanced Oil Recovery",
  "url": "https://mlchart.com/terminology/oil-and-gas/stock-tank-oil-initially-in-place-stoiip/"
}