Alberta regs aid enhanced recovery. [Regulations]
New provincial incentives have improved the economics of tertiary recovery in Alberta and encouraged some operators to launch programs. However, there has been no massive surge in tertiary projects. Alberta's royalty regulations were amended in Jan. 1977 to provide incentives for use of exotic recovery techniques to increase production from existing fields. Operators can deduct costs in excess of those in a normal waterflood project from revenues prior to calculating provincial royalties. Since the incentives were announced, a number of companies have started tertiary projects or expanded existing programs. They include Amoco Canada Petroleum Ltd., Imperial Oil Ltd., and Dome Petroleum Ltd. Operators currently involved in tertiary projects say the incentives now make some marginally economic production viable but in no way provide a bonanza for the industry. D.J. Sandmeyer, chief engineer for Amoco Canada, says the outlook for tertiary recovery in Alberta is reasonably good. The incentives have improved the economics, and there is currently a surplus of natural gas liquids for use in miscible flood projects. Polymer and CO/sub 2/ projects are more expensive.
- OSTI ID:
- 6581789
- Journal Information:
- Oil Gas J.; (United States), Vol. 76:37
- Country of Publication:
- United States
- Language:
- English
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