TCV

Definition: 
Total Calculated Volume
Subject Area 1: 
Reservoir Engineering & Reservoir Management
Remarks: 
Total Calculated Volume (TCV): The total volume of all petroleum liquids and sediment and water, corrected by the appropriate volume correction factor (Ctl) for the observed temperature and API gravity, relative density, or density to a standard temperature such as 60°F or 15°C and also corrected by the applicable pressure factor (Cpl) and meter factor, and all free water measured at observed temperature and pressure (gross standard volume plus free water).