Hunting Plc, the international energy services company, said March 26 it has signed a collaboration agreement with U.S.-based EOR company, Titan Oil Recovery Inc.
The agreement allows Hunting to add Organic Oil Recovery (OOR) to a growing list of Hunting ‘TEK-Hub’ products and technologies focused on enhancing production in late field life.
The OOR process involves stimulating the growth of specific species of indigenous microbes within producing reservoirs, which have the effect of reducing the physical size of trapped oil droplets, greatly enhancing production rates at a fraction of the cost of alternate EOR technologies.
“We are very pleased to have established this agreement with Hunting and look forward to working closely with our new partners to maximize economic recovery from ageing oil producing assets in the UKCS, Norway and other global provinces,” Ken Gerbino, founder and chairman of Titan, said.
To support the roll out of OOR in the U.K. and internationally, Hunting has engaged Dave Puckett. Dave is now a member of a combined Hunting-Titan OOR team engaged in well ecology sampling and laboratory testing programs for reservoirs in the U.K. and Norway.
Within a total of over 300 production well implementations of OOR, multiple customer authored SPE papers record average oil production increases within the range of 25% to 700%, and costs per incremental barrel of under $6. No topside modifications are required for offshore implementation of OOR.