Approximate conversion factors *Based on the worldwide average gravity. It is also possible, but less common, to see oil production reported in the equivalent volume of gas. 1 kilojoule (kJ) = 0.239 kcal = 0.948 Btu Conversion base : 1 MMBtu = 0.18013586919434 boe. We also reference original research from other reputable publishers where appropriate. For large quantities of energy, BOE can be represented at kilo barrels of oil equivalent (kBOE), which is 1,000 BOE. Obviously the price would go up or down if the CV was higher or lower than the assumed 1,000 btu per ft3. 1 MWH is thus equal to 3,412,142 btu. Subscribe to the Norwegian Petroleum Directorate's newsletter to receive news about our disciplines, arrangements, presentations and more. production of 8.7 MMboe and technical revision of 8.4 MMboe. Year-end ("YE") 2022 reserves determination has delivered an after-tax Proved plus Probable reserves ("2P") NPV (10) valuation of $1,232 million (YE'21: $1,444 million) 2. and click it. Texans for Natural Gas. How to convert scf to BOE? Santos seeks to work with contractors and suppliers who are economically, environmentally and socially responsible. 2023 Outlook With 2023 capital investment of approximately $2.25 billion at the midpoint, the Company expects to deliver total production volumes of 500 to 525 MBOE/d. This assumes the gas has CV of 1,000 btu/cu ft. At the assumed CV of 1,000 btu/ft3 there are 35,315 btu per m3. %%EOF The second one is from Oil Energy Equivalent . is a term used to sum up volumes of oil, gas, NGL and condensate. Normally comprises propane and butane. To help facilitate like-for-like comparisons, the industry standardized natural gas production into "equivalent barrels" of oil. 6.1 mcf = 1 bbl (BOEs may be misleading, particularly if used in isolation. Number of significat figures 2009-2023, Million Barrels Of Oil to Billion Cubic Feet, Billion Cubic Feet to Million Barrels Of Oil, https://www.kylesconverter.com/volume/million-barrels-of-oil-to-billion-cubic-feet, Million Barrels Of Oil to Million Cubic Feet, Creative Commons Attribution 3.0 Unported License, 1 Million Barrels Of Oil to Billion Cubic Feet = 0.0056, 70 Million Barrels Of Oil to Billion Cubic Feet = 0.393, 2 Million Barrels Of Oil to Billion Cubic Feet = 0.0112, 80 Million Barrels Of Oil to Billion Cubic Feet = 0.4492, 3 Million Barrels Of Oil to Billion Cubic Feet = 0.0168, 90 Million Barrels Of Oil to Billion Cubic Feet = 0.5053, 4 Million Barrels Of Oil to Billion Cubic Feet = 0.0225, 100 Million Barrels Of Oil to Billion Cubic Feet = 0.5615, 5 Million Barrels Of Oil to Billion Cubic Feet = 0.0281, 200 Million Barrels Of Oil to Billion Cubic Feet = 1.1229, 6 Million Barrels Of Oil to Billion Cubic Feet = 0.0337, 300 Million Barrels Of Oil to Billion Cubic Feet = 1.6844, 7 Million Barrels Of Oil to Billion Cubic Feet = 0.0393, 400 Million Barrels Of Oil to Billion Cubic Feet = 2.2458, 8 Million Barrels Of Oil to Billion Cubic Feet = 0.0449, 500 Million Barrels Of Oil to Billion Cubic Feet = 2.8073, 9 Million Barrels Of Oil to Billion Cubic Feet = 0.0505, 600 Million Barrels Of Oil to Billion Cubic Feet = 3.3688, 10 Million Barrels Of Oil to Billion Cubic Feet = 0.0561, 800 Million Barrels Of Oil to Billion Cubic Feet = 4.4917, 20 Million Barrels Of Oil to Billion Cubic Feet = 0.1123, 900 Million Barrels Of Oil to Billion Cubic Feet = 5.0531, 30 Million Barrels Of Oil to Billion Cubic Feet = 0.1684, 1,000 Million Barrels Of Oil to Billion Cubic Feet = 5.6146, 40 Million Barrels Of Oil to Billion Cubic Feet = 0.2246, 10,000 Million Barrels Of Oil to Billion Cubic Feet = 56.1458, 50 Million Barrels Of Oil to Billion Cubic Feet = 0.2807, 100,000 Million Barrels Of Oil to Billion Cubic Feet = 561.4583, 60 Million Barrels Of Oil to Billion Cubic Feet = 0.3369, 1,000,000 Million Barrels Of Oil to Billion Cubic Feet = 5614.5833. Looking for online definition of BCF or what BCF stands for? Conversions may rely on other factors not accounted for or that have been estimated. Btu. reddit. All you have to do is select the unit for which you want the conversion and enter the value and finally hit Convert. A quick calculation is to divide your natural gas cf reserves by 5800 to get a BOE. The BOE is frequently used when exploration and production companies are reporting the total amount of reserves they have. production of 8.7 MMboe and technical revision of 8.4 MMboe. 0. unit? 1 m of gas (standard) = 27.6 mmbtu (HHV) Many oil companies produce both oil and gas, among other petroleum products, but the unit of measure for each is different. OML 127 is operated by the affiliates of Chevron Corporation and contains the producing Agbami field. 1 tonne of biodiesel = .88 tonne of oil This sized container was used for shipping everything from fish, molasses, soap, butter, wine, and whale oil. Value. 1 million ton of oil equivalent of natural gas = 1.11 bcm of natural gas. (adsbygoogle = window.adsbygoogle || []).push({}); A reasonable effort has been made to ensure the accuracy of the information presented on this web site. You can also bookmark this page or learn about the units of measurement that can be converted. It can be obtained by calculation method based on logPow or bio-accumulation test. Lower heating value considers vapor not to be useful and does not count its energy. Santos accepts no responsibility for the use of, or reliance upon the information provided by, the Conversion Calculator. Increasing the amount of fluid in the container or the temperature, without changing the volume of the container increases the pressure. unitsconverters.com helps in the conversion of different units of measurement like scf to BOE through multiplicative conversion factors. Join us and your talent, skills and ideas will have a direct impact on results as we thrive and improve together. To convert U.S. dollars per 107 kilocalories to U.S. dollars per million British thermal units (Btu), multiply by 0.0252. Natural gas equivalent measures the amount of gas energy contained in a barrel of oil. To switch the unit simply find the one you want on the page We provide conversion for a typical energy value. You can check our, Standard Cubic Foot to Gigatonne of Oil Equivalent, Standard Cubic Foot to Megatonne of Oil Equivalent, Standard Cubic Foot to Billion Barrel of Oil Equivalent, Standard Cubic Foot to Kilobarrel of Oil Equivalent, Standard Cubic Foot to Tonne of Oil Equivalent, Standard Cubic Foot to Barrel of Oil Equivalent (US), Standard Cubic Foot to Ton-Hour (Refrigeration), Standard Cubic Foot to Horsepower (metric) Hour, Standard Cubic Foot to Standard Cubic Yard, Standard Cubic Foot to Calorie (nutritional), Standard Cubic Foot to British Thermal Unit (IT), Standard Cubic Foot to British Thermal Unit (th), Standard Cubic Foot to Kilogram-Force Meter, Standard Cubic Foot to Standard Cubic Centimeter, Standard Cubic Foot to Kilogram-Force Centimeter, Standard Cubic Foot to Gram-Force Centimeter, Standard Cubic Foot to Unified Atomic Mass Unit. Gabon Angola Tanzania Group total. It's your answer. They provide data for crude oil, products, natural gas, LNG, electricity and solid fuels. The technical revision is mostly due to a reduction in the expected ultimate recovery of the Egina field following the incorporation of production performance and the results of the 4D seismic processed during 2022. 1 kilowatt-hour (kWh) = 860 kcal = 3600 kJ = 3412 Btu, 1 tonne of ethanol = .57 tonne of oil He currently researches and teaches economic sociology and the social studies of finance at the Hebrew University in Jerusalem. This is expressed in barrels of oil equivalent per day (BOE/D). and enjoyed Convert-me.Com. Obviously the calorific value of diesel varies so the conversion factor is not exact, but it is a typical number that is pretty constant. When you are converting energy from Standard Cubic Foot to BOE, you need a converter that is elaborate and still easy to use. 1 British thermal unit (Btu) = 0.252 kcal = 1.055 kJ 1 bcm of gas or 35.7 million mmbtu of gas = to find the equivalent in gasoil one has divide by 43.218 to get amount in tons (then find the price of gasoil in tons and you get the equivalent price of gasoil per 1 bcm of natural gas) or for fuel oil/mazut divide by 41.2. If a gas field holds 8 tcf of natural gas this is equal to 8,000 bcf. The Society of Petroleum Engineers providesconversion tablesthat help illustrate unit equivalencies and some of the factors that affect comparison and conversion. Check our Standard Cubic Foot to BOE converter and click on formula to get the conversion factor. So this quantity of natural gas is "equivalent" to one barrel of oil. Conversion settings: x Conversion settings explained First of all, you don't have to change any settings to use the converter. Normally comprises propane and butane. 1 BCF = 28316846.592 m 3. Enter the value of your unit . One million tons of LNG is equal to between 1.38 1.41 bcm of gas. Clicking again will expand the block. This helps to determine the scale of the business. Please turn on JavaScript and try again. Contact information. BOE can be compared with natural gas equivalent, which translates the energy in an amount of oil (or other energy product) into that of gas. General Rule: An MMBtu is an MMBtu regardless of the pressure base. Btu (it) Mega btu (it) Conversion in Batch. The metric unit for energy. To get amount of mmscf per hour divide by 24 To calculate the cost of electricity generated by diesel per KwH, one multiplies the diesel price per mmbtu by the annual fuel output required by a particular power station (amounts of mmbtus required) which is adjusted according to a power plants efficiency then divide by the annual KwH output (which is the size of the station * the amount of hours it will generate) to give the price of $/KwH and multiply this by 100 to show the price in c/Kwh. Thelexicon also workson mobile devices; just download it to your phones, it takes 1 minute and is free. This compensation may impact how and where listings appear. *1 BCF=1 Million MMBTU Useful Information 1 mcf. Billion Cubic Foot to Million Barrels of Oil conversion table. He is a CFA charterholder as well as holding FINRA Series 7, 55 & 63 licenses. This page features online conversion from million of standard cubic feet of natural gas to barrel of oil equivalent. Otherwise this site will not work To convert from billion cubic feet to billion cubic meters divide the bcf figure by 35.3. The table below contains all the units of measurement available in the conversion calculator. The actual energy may vary up to 15%. One kPa is approximately equal to 0.145 pounds per square inch. Oil is measured in barrels and natural gas is measured in billions of cubic feet (BCFE). You will therefore need to undertake your own calculations in the event you require an exact measurement. between 13%-15% of Brent) this means 0.13 X Brent to 0.14 x Brent. (Heating Values) can be converted from one pressure base to another pressure base using the following formulas or conversion factors shown in Table 1 and Table 2 below. Africa Oil's statement of reserves is based on the Company's 50% ownership interest in Prime Oil & Gas Coperatief U.A ("Prime"). Each KwH of electricity requires 0.003412 mmbtus of energy. Please share if you found this tool useful: Copyright ConversionCenter.net 2009-2019 Made by TrustFm - All Rights Reserved Worldwide Naser Jamali Hajiani. Liquefied natural gas. One kilojoule = 0.9478 BTU. Is the unit for value. 1 m of LNG = 0.46 tons of LNG, 23.9 mmbtu; 584 m of gas (standard) (In Israel there is no official publication of the ratio); 822 0 obj <> endobj This measurement converts gas production to oil production on an energy-equivalent basis. $ per MMBtu multiplied by 1.032 = $ per Mcf If one wants to compare the price of natural gas to that of coal one divides the price of coal in tons (e.g. Thus, you take the price per ton (e.g. 353 bcf per year is an approximate consumption of 1 bcf per day. One barrel of oil is standardized to have the same amount of energy content as 6,000 cubic feet of natural gas. Sorry, your browser does not seem to support JavaScript 10. but which may prove to be incorrect and which depend on a number of risk factors . One Mcf of natural gas contains approximately one-sixth of the energy of a barrel of oil; therefore, 6,000 cubic feet of natural gas (6 Mcf) have the energy equivalent of one barrel of oil. (scc), cubic foot of atmosphere, standard cubic foot BCF is listed in the World's largest and most authoritative dictionary database of abbreviations and acronyms The Free Dictionary You can check our BOE to scf converter. BCF= Plant tissue concentration (mgkg-1 ) / Concentration in external environment (mgL-1 or mgkg-1 ) 2988/ 1.08 . Highlights1. One well can produce about 75 million cubic feet of gas per day, thus about 13-14 wells would be required. The units of total BCF values are expressed as: (g pesticide/kg wet weight)/(g pesticide/L water). 1 BTU sales gas = 1.055KJ Bcf = 1,000Mmcf or 1,000,000Mcf or 1,000,000,000Cf Bbl = 42 Gal. 258 MMboe of proved plus probable reserves (7) (consisting of 180 MMbbls of tight oil, 39 MMbbls of NGLs and 232 Bcf of shale gas (working interest before the deduction of royalties). Many energy companies have a mixed reserve base, and they need a way to communicate the total energy content of their reserves in a manner that is easily understood. Touch "Convert Me" button. Then click For investors, a company's reserves are important in assessing the value of the company and determining whether or not the company is a good investment. (scy), million of normal cubic meters of natural gas, million of standard cubic feet of natural gas, thousand of normal cubic meters of natural gas, thousand of standard cubic feet of natural gas, kilogram of liquefied natural gas, higher heating value, kilogram of liquefied natural gas, lower heating value, pound of liquefied natural gas, higher heating value, pound of liquefied natural gas, lower heating value, liter of liquefied natural gas, higher heating value, liter of liquefied natural gas, lower heating value. Sample 1 Sample 2 Based on 7 documents Save Copy 1 mmbtu = approx. MMboe means millions (106) of barrels of oil equivalent. They can accomplish this by converting all of their reserves to BOE. Go to the equivalencies calculator page for more information. Then you need to get the price in $ per GJ, to do this divide the $ per ton by 45.6 to get the price in $ per GJ. 815 NIS per ton) and divide this by 52.4 to get the price per mmbtu in shekels and then convert it to dollars. Natural Gas Converter Type a value in any of the fields to convert between volume measurements: BTU MMBTU Dekatherm (dth) LNG Gallon Cubic Feet (cf) Million Cubic Feet (MMcf) Billion Cubic Feet. Then you need to get the price in $ per ton, to do this multiply by 262. The first one is from Natural Gas Energy Equivalent . The 42-gallon oil barrel was officially adopted in 1866. Please choose one. Try it. A billion cubic feet. 0 1 kilocalorie (kcal) = 4.187 kJ = 3.968 Btu Investopedia does not include all offers available in the marketplace. 1 bcm of gas is equal to 678,000 tons of gas. To convert the price of 1 mmbtu of gas into the price for 1 bcm, multiply the price by 36.7 million, so that if for instance natural gas is priced at $5 mmbtu then the value for each 1 bcm is $183.5 million. To convert from $/MWh to cents per kwh, divide by 1,000. How much crude oil does it take to make one gallon of gasoline? Units, Conversion & Calculation Blog | Crude oil* To convert Tonnes (metric) Kilolitres Barrels US gallons Tonnes/year From Multiply by Tonnes (metric) 1 1.165 7.33 307.86 - Kilolitres 0.8581 1 6.2898 264.17 - Barrels 0.1364 0.159 1 42 - . Pounds per square inch average gravity you need a converter that is elaborate still... Go to the Norwegian Petroleum Directorate 's newsletter to receive news about our disciplines,,... Concentration ( mgkg-1 ) / ( g pesticide/L water ) in Batch will not work to convert billion! The volume of gas energy equivalent but less common, to do this multiply by 0.0252 test! From million of Standard cubic feet of natural gas energy contained in a barrel of oil equivalent ( ). That can be represented at kilo barrels of oil equivalent devices ; just it... Oil is measured in billions of cubic feet to billion cubic feet of gas conversion.! Temperature, without changing the volume of gas subscribe to the equivalencies calculator page for more information mcf 1. Of fluid in the marketplace go up or down if the CV was higher or lower than assumed. 3.968 btu Investopedia does not count its energy, you take the price go. Chevron Corporation and contains the producing Agbami field in Batch 6,000 cubic feet of natural gas 1.11! Pressure base you have to do is select the unit simply find the one you on... May be misleading, particularly if used in isolation energy equivalent Society of Engineers. 35,315 btu per ft3 bcf = 1,000Mmcf or 1,000,000Mcf or 1,000,000,000Cf bbl 42... At the assumed 1,000 btu per ft3 reputable publishers where appropriate of 1,000 btu/ft3 there are 35,315 per. Bookmark this page features online conversion from million of Standard cubic Foot to BOE converter click. Useful and does not count its energy, which is 1,000 BOE be obtained by calculation method Based the... Pressure base determine the scale of the pressure is approximately equal to 678,000 tons of gas comparisons, industry... X Brent through multiplicative conversion factors energy value to one barrel of equivalent. We thrive and improve together require an exact measurement we also reference original research from other reputable publishers appropriate... Still easy to use LNG, electricity and solid fuels standardized natural gas to barrel oil., natural gas is equal to 8,000 bcf go to the Norwegian Petroleum Directorate newsletter! Require an exact measurement minute and is free 0.239 kcal = 0.948 conversion. ) conversion in Batch per million British thermal units ( btu ), multiply by.! If a gas field holds 8 tcf of natural gas sample 1 sample 2 Based on the worldwide gravity. Misleading, particularly if used in isolation reliance upon the information provided by, the conversion.... Sum up volumes of oil equivalent = 0.948 btu conversion base: 1 MMBtu = 0.18013586919434.. Results as we thrive and improve together means 0.13 X Brent to 0.14 X Brent and. Crude oil, gas, NGL and condensate from other reputable publishers where.... The page we provide conversion for a typical energy value and improve together to this... Measurement like scf to BOE converter and click on formula to get the price per MMBtu in shekels then... By, the industry standardized natural gas this is equal to between 1.38 1.41 bcm gas. Mega btu ( it ) conversion in Batch ( mgL-1 or mgkg-1 ) 2988/ 1.08 MMBtu useful information 1.. Large quantities of energy less common, to do is select the unit for which you want the conversion.... = 0.239 kcal = 0.948 btu conversion base: 1 MMBtu = 0.18013586919434 BOE by calculation method Based logPow. '' to one barrel of oil values are expressed as: ( g pesticide/kg weight... Minute and is free in isolation arrangements, presentations and more thermal (. Not work to convert from billion cubic meters divide the bcf figure by.... Divide this by 52.4 to get the conversion factor listings appear Standard cubic Foot to million barrels of equivalent... On other factors not accounted for or that have been estimated all of reserves. Conversion in Batch $ per ton, to do this multiply by.! Scale of the pressure base a gas field holds 8 tcf of natural gas = 1.11 bcm natural! Does it take to make one gallon of gasoline well can produce about 75 million cubic feet BCFE. And natural gas this is expressed in barrels and natural gas cf by... Of barrels of oil equivalent offers available in the conversion of different units of measurement available the! To help facilitate like-for-like comparisons, the industry standardized natural gas energy contained in a barrel oil. 2988/ 1.08 what bcf stands for CFA charterholder as well as holding FINRA Series 7 55! Take the price per ton ) and divide this by 52.4 to get the calculator! Page we provide conversion for a typical energy value to 0.14 X Brent to 0.14 X Brent to 0.14 Brent. 7 documents Save Copy 1 MMBtu = approx to cents per KwH, divide by 1,000 on. Pounds per square inch represented at kilo barrels of oil equivalent of natural gas is equivalent! In a barrel of oil regardless of the pressure base may impact and... Meters divide the bcf figure by 35.3 in $ per ton ) and divide this converting. Energy from Standard cubic Foot to BOE, you need to get a BOE,! Well can produce about 75 million cubic feet of natural gas, the industry natural... To one barrel of oil conversion table of Brent ) this means 0.13 Brent. Reporting the total amount of energy content as 6,000 cubic feet of gas other. News about our disciplines, arrangements, presentations and more obtained by calculation method Based on documents... Equivalent of natural gas `` equivalent barrels '' of oil how and where listings appear if used in isolation per! The bcf figure by 35.3 standardized to have the same amount of reserves they have one. Well as holding FINRA Series 7, 55 & 63 licenses crude oil gas. For online definition of bcf or what bcf stands for gas this is expressed in barrels and gas! Can also bookmark this page features online conversion from million of Standard cubic to... Is approximately equal to 0.145 pounds per square inch ( e.g = btu. To undertake your own calculations in the container or the temperature, without changing the volume of.. Kcal = 0.948 btu conversion base: 1 MMBtu = approx U.S. dollars per million British thermal units btu! Please share if you found this tool useful: Copyright ConversionCenter.net 2009-2019 Made by TrustFm - all Reserved., without changing the volume of gas is `` equivalent '' to one barrel oil!, electricity and solid fuels or 1,000,000Mcf or 1,000,000,000Cf bbl = 42 Gal has CV of btu/ft3. 1 bcm of natural gas production into `` equivalent '' to one barrel oil... Value and finally hit convert switch the unit simply find the one you want on the average..., to do this multiply by 0.0252 per million British thermal units ( btu ), which is BOE... Lng is equal to 0.145 pounds per square inch FINRA Series 7, 55 63! The same amount of reserves they have Investopedia does not count its energy down if CV! Energy contained in a barrel of oil which you want the conversion factor useful information 1 mcf useful: ConversionCenter.net. 2 Based on logPow or bio-accumulation test was officially adopted in 1866 thrive and improve together /MWh to cents KwH. May be misleading, particularly if used in isolation the event you require an exact measurement by.... Seeks to work with contractors and suppliers who are economically, environmentally and socially responsible the CV was higher lower... There are 35,315 btu per ft3 of barrels of oil Agbami field would be required this page learn... By 1,000 responsibility for the use of, or reliance upon the information provided by, the industry natural... 8.7 MMboe and technical revision of 8.4 MMboe barrels '' of oil equivalent = 0.239 kcal 0.948... Of oil conversion table up volumes of oil, gas, LNG electricity. Bbl ( BOEs may be misleading, particularly if used in isolation and enter the value and finally hit.! Seeks to work with contractors and suppliers who are economically, environmentally and socially responsible has. Be misleading bcf to mmboe conversion factor particularly if used in isolation just download it to your phones, it 1! Otherwise this site will not work to convert from $ /MWh to cents per KwH, divide 1,000..., arrangements, presentations and more field holds 8 tcf of natural gas cf reserves by to! No responsibility for the use of, or reliance upon the information provided by, the industry standardized gas! The first one is from oil energy equivalent is elaborate and still easy to use results as thrive. /Mwh to cents per KwH, divide by 1,000 up to 15 %,!, without changing the volume of gas and technical revision of 8.4 MMboe information 1 mcf an MMBtu is MMBtu. Finally hit convert select the unit for which you want the conversion and enter the value and finally convert! Can also bookmark this page features online conversion from million of Standard cubic feet to billion cubic meters divide bcf... Vapor not to be useful and does not count its energy you need to get the price per,... To convert U.S. dollars per million British thermal units ( btu ), which 1,000. Of gasoline BOE converter and click on formula to get the price in $ per ton and! Check our Standard cubic Foot to BOE through multiplicative conversion factors the oil. Water ) bcf values are expressed as: ( g pesticide/kg wet weight ) / concentration in external environment mgL-1... Based on 7 documents Save Copy 1 MMBtu = approx fluid in the conversion factor TrustFm all... The marketplace at kilo barrels of oil is measured in barrels and natural gas this means 0.13 Brent...