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Fourteen companies have expressed interest in oil and natural gas exploration and development contracts to be auctioned by Iraq on April 25, the oil ministry in Baghdad said on April 14.
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.
With a well test underway, one independent energy company works to decipher the Bakken’s EOR secrets.
The company plans to expand its use of carbon capture, use and storage technology to meet a sixfold increase in the utilization of CO2 for EOR over the next 10 years.
Middle Eastern oil and gas producers are now focusing on developing unconventional resources like heavy crude oil.
CO2 could unlock substantial tight formation returns.
Despite challenging economics, offshore EOR offers substantial returns.
Operators are finding value in CO2 recoveries.
Chemical-free water treatment process retains polymers to boost return on investment in production-enhancing flooding.
Companies are finding success and value in late-life recovery methods.
Investing in EOR research could result in long-term payoff.
Through its R&D arm, Saudi Aramco is working on various R&D projects in an effort to increase the recovery factor of reservoirs from 50% to 70%.