Someone asked me about definitions, IOR, EOR, secondary oil recovery, tertiary etc. I say, look at Schlumberger Oilfield Glossary.
Dateline 2012-01-19:
Malaysia plans to launch the world’s biggest offshore enhanced oil recovery (EOR) project that will have a positive impact on the country’s oil reserves, Prime Minister Najib Razak said Monday.
The RM38 billion (S$15.5 billion) project is a joint-venture between national oil company Petronas and Shell Malaysia that will last 30 years.
“I am confident that this landmark undertaking will prove another significant milestone, not only for Petronas but for Malaysia’s development as well,” Mr Najib said at the signing of two new production-sharing contracts between Petronas and Shell.
The EOR technology, which will be employed in the Baram Delta and North Sabah fields, will help to boost the recovery efficiency of the oil fields to about 50 per cent and extend the fields’ life to beyond 2040.
If the project is successful, it could lead to the world’s first offshore Alkaline Surfactant Polymer EOR project using horizontal wells. It will also provide additional supplies for the country’s power and industrial needs, and promote organic growth in the oil, gas and energy sector, reported The New Straits Times.
