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The potential of enhanced oil recovery
Author(s) -
Stosur J. J. George
Publication year - 1986
Publication title -
international journal of energy research
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.808
H-Index - 95
eISSN - 1099-114X
pISSN - 0363-907X
DOI - 10.1002/er.4440100406
Subject(s) - enhanced oil recovery , production (economics) , oil production , cash flow , oil price , petroleum engineering , resource (disambiguation) , oil reserves , discounted cash flow , crude oil , environmental science , natural resource economics , engineering , economics , petroleum , computer science , finance , monetary economics , chemistry , macroeconomics , computer network , organic chemistry
Abstract This paper presents results of a comprehensive analysis of enhanced oil recovery (EOR) potential in the United States for the rest of this century and beyond with respect to potential production rates and ultimate oil recovery. The analysis is based on a resource database consisting of over 2500 reservoirs with approximately 325 billion barrels of the original oil in place and considers two technology cases: a base economic case and an advanced technology case, both with variable oil price assumptions and discounted cash flow rate of return. The results are presented in graphical form and include EOR potential in the United States in terms of ultimate oil recovery and production rate to the year 2013 for each major EOR group of technologies and under varying economic and technological scenarios. The main conclusion of the study indicates that EOR could increase the current domestic crude reserves by approximately 40 per cent for the base case and nearly double the production rate for the implemented technology case.