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Norway wants oil companies to look into using specialized technology to pump more crude and natural gas, the country's petroleum regulator said June 15, potentially producing billions of extra barrels as well as tax revenues.
The move has been widely seen as a step to enhance domestic production and to reduce dependence on imports of petroleum products.
EOR and artificial lift systems are needed to rejuvenate the Cardenas-Mora and Ogarrio fields.
The NRG Energy, JX Nippon and Hilcorp Energy project is capable of capturing more than 5,000 tons of CO2 per day, but the economics come down to oil prices.
The University of Wyoming said April 4 that $2.5 million in funding from Alchemy Sciences Inc. will support research on enhanced oil recovery and production.
The captured CO2 is expected to grow oil production at the West Ranch oil field by 5x its current amount over the next few years.
Operators have alternatives when it comes to EOR technology and one process appears less costly than others.
Researchers were able to achieve 15% tertiary oil recovery using a nanofluid of graphene-based amphiphilic nanosheets that are effective at low concentrations.
Thermal production is expected to take longer to restart than mining output because of steaming and heating processes involved and because some thermal projects remain inaccessible due to fire, Reuters said.
As the company awaits market rebalancing, it is pursuing EOR technology and improving completion designs to enhance efficiency and production.
Real-time monitoring of CO2 in EOR applications is made possible with K-waves.
Polymer Services focuses on field application of polymer gel treatments for enhanced or improved oil recovery using equipment to blend, apply and monitor the treatments in the field, a news release said.