EOR crucial offshore says study

A major campaign of enhanced oil recovery (EOR) in offshore fields will be crucial for sustaining the world's future oil supply, says petroleum consultant Dr. Rafael Sandrea.
May 5, 2008
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Offshore staff

TULSA, Oklahoma –A major campaign of enhanced oil recovery (EOR) in offshore fields will be crucial for sustaining the world's future oil supply, says petroleum consultant Dr. Rafael Sandrea.

In a study "Future Oil & Gas Supply: A Quantitative Analysis", to be released in May by the Oil & Gas Journal Research Center, Sandrea says less than 25% of the world's offshore oil reserves have been produced to date and that opens the door for a big EOR push. He also says that EOR is more cost-effective in adding reserves than exploration or acquisition.

Sandrea will present data from his study at 10 a.m., Wednesday, May 7, at the Offshore Technology Conference in Houston.

05/05/2008

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