Production from EOR projects will increase rapidly in the '80s

Journal Article · Sun Jun 01 04:00:00 EDT 1980 · World Oil; (United States)

OSTI ID:5540920

Katz, M L

Changes are occurring in both oil price and oil supply which will affect the future of enhanced oil recovery (EOR) application. The decontrolled oil price has changed by a factor of 4.5 in real terms relative to oil price at the beginning of 1970. Oil supply shortages starting in 1973 renewed interest in EOR methods and resulted in an increased level of industry and government research and field testing. An additional significant development in EOR economics is the Windfall Profits Tax incentive for EOR projects. For several projects, the incentive will greatly reduce the economic risk and should result in some large scale projects being initiated as soon as logistics will allow. This work summarizes the state of technology for EOR processes, discusses the effect of the Windfall Profits Tax on EOR timing, and mentions some of the operating problems expected. 10 references.

• OSTI ID: 5540920
• Journal Information: World Oil; (United States), Journal Name: World Oil; (United States) Vol. 190:7; ISSN WOOIA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300* -- Petroleum-- Drilling & Production
020700 -- Petroleum-- Economics
Industrial
& Business Aspects
021000 -- Petroleum-- Legislation & Regulations
CONSTRAINTS
DEREGULATION
ECONOMIC IMPACT
ECONOMICS
ENERGY SOURCES
ENHANCED RECOVERY
FOSSIL FUELS
FUELS
PETROLEUM
PRICES
RECOVERY
TAXES
TECHNOLOGY ASSESSMENT
WINDFALL PROFITS TAX