Enhanced oil recovery (EOR) techniques can significantly extend...

Enhanced oil recovery (EOR) techniques can significantly extend global oil reserves Given a broad consensus that we have entered a period of supply constraints, operators can at last plan on the assumption that the oil price is likely to remain relatively high. This, coupled with the realization that new giant fields are becoming increasingly difficult to find, and the fact the world is transitioning towards clean energy oil majors are not reinvesting in new oil fields it is creating the conditions for extensive deployment of EOR. The majority of oil companies today are focusing on maximizing the recovery factor (RF) from their oilfields as well as maintaining an economic oil rate Oil and gas companies have also filled their portfolios with advancements in technologies to improve their oil drain intervals, enhance their vehicle performances, and lower emissions in their operations. All of this is relevant to optimizing supplies and efficiency.