ABSTRACT
Oil industry uses standard condition for pressure and temperature in order to compare volumes or pressures. Fluid characterization is important for development, production, processing, and transport of oil and gas fluids. Industry experts have developed a number of correlations for various fluid characterization parameters such as bubble-point pressure, formation volume factor, density, gas-oil ratio, oil and gas viscosity, Z-factor, and compressibility. The oil viscosity is dependent on temperature and drops exponentially with an increase in the temperature. There are two common units of viscosity: dynamic viscosity; and kinematic viscosity. The best method to determine the formation volume factor of oil is its determination in the lab. Formation volume factor relates unit reservoir volume of oil to a unit surface volume. Industry experts have developed correlation for its estimation in the absence of lab measured data. An ideal way of determining the minimum miscibility pressure is using laboratory experiments.
