Just a snippet from Ryder Scott...

Just a snippet from Ryder Scott Newsletter

http://www.ryderscott.com/download/308nsltr.pdf


EOR and analogs
The SEC requires a response in a reservoir from enhanced oil recovery before incremental proved reserves can be reported. BP commented that “as secondary and tertiary recovery projects become more commonplace, it makes sense to not limit proved reserves to primary depletion prior to response in a reservoir if an adequate track record in appropriately chosen analogs and support by geologic and engineering data are available.”

Denbury also agreed, saying, “The commission should consider excluding the requirement of a production response in the case of the more widely applied enhanced oil recovery techniques, such as water flooding and CO2 flooding that have been proved with reasonable certainty to recover additional quantities of oil.”