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Oil rate

Oil rate

Oil rate

(OP)
Please what is the difference btw calendar & operational Oil production rate. For calendar rate, we divide the total production by 365/366 days, while for operational rate we divide the total production by net days of operation

RE: Oil rate

You appear to have answered your own question....

Calendar rate gives you the "annualised" rate taking into account stoppages, reduced flow, shutdowns etc so that the accountants can work out the yearly numbers using a lower number.

Oil or daily rate gives the volume in one day or hour or whatever you've divided by and is used to size equipment.

the first on a good system is probably 95-99% of the second one.

On a poor system it might be 80% or lower.

Remember - More details = better answers
Also: If you get a response it's polite to respond to it.

RE: Oil rate

(OP)
Thank you LittleInch

RE: Oil rate

(OP)
So the annualized rate is for reporting while the oil rate is for equipment sizing. Please which of the oil rate is best for simulation work?

RE: Oil rate

The biggest one.

Remember - More details = better answers
Also: If you get a response it's polite to respond to it.

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