Oil-gas equivalent is a conversion coefficient for converting natural gas production into crude oil production according to calorific value. The standard oil-gas equivalent is the oil-gas output converted from the calorific value of crude oil and natural gas, and is generally taken as 1255 cubic meters of natural gas = 1 ton of crude oil.
For simplicity, the oil-gas equivalent is usually 1000 m3 natural gas = 1 ton crude oil. This is China's consistent usage. In the global energy statistics, BP company really calculates according to the calorific value, 1000 cubic meters of natural gas = 36 million units of calorific value, 1 ton of crude oil = 40 million units of calorific value, thus obtaining11cubic meters of natural gas = 1 ton of crude oil.
Conversion of oil and gas production:
1 bbl = 0. 14 t (crude oil, global average).
1 trillion cubic feet per day (TCFD)= 283.2 billion cubic meters per day (m3/d)= 10.336 trillion cubic meters per year (m3/a).
65.438+000 billion cubic feet per day (BCFD)= 2832 million cubic meters per day (m3/d) =10336 million cubic meters per year (m3/a).
1 ten thousand cubic feet per day (mmcfd) = 283200 cubic meters per day (m3/d) =10,335,500 cubic meters per year (m3/a).
65,438+0,000 cubic feet per day (Mcfd)=28.32 cubic meters per day (m3/d) = 65,438+0.0336 million cubic meters per year (m3/a).
1 barrel/day (bpd)=50 tons/year (t/a) (crude oil, global average).