Energy Voice - 2nd July 2015
The majority of daily oil production in today’s market comes from mature or maturing oil fields. New discoveries of reserves are not matching the pace set by the growing global demand for energy. This emphasises the requirement for new technologies that can enhance recovery from both active fields and future discoveries.
The hydrocarbon resources found within carbonate reservoirs are in particular need of innovative new technologies to facilitate their economic exploitation. Carbonates are of critical importance to the oil and gas industry with more than 60% of the world’s oil, and 40% of gas reserves trapped in carbonates. Despite this, recovery factors using primary, secondary and tertiary methods from carbonates are significantly lower than that of sandstones.
Written by Giuseppe Astarita, ITF Technology Analyst and Keith Mackie, Operations Director, ITF
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