New study updates economics of five EOR techniques. [Enhanced oil recovery]

Journal Article · Mon May 18 04:00:00 EDT 1981 · Oil Gas J.; (United States)

OSTI ID:6802603

During the last several years, costs and revenues associated with enhanced oil recovery have changed significantly. The market price for tertiary oil has more than doubled, but inflation also has increase investment and operating costs. In addition, there have been changes in taxation, such as the addition of the Windfall Profit Tax. These events have changed the economics of enhanced oil recovery. To evaluate these changes, a project was conducted to collect and update cost data to mid-1980, update the recovery models for each EOR technique, and evaluate the economics of each EOR method. The final report analyzes the economics of 5 different EOR techniques in mid-1980 dollars on a consistent basis, incorporating experimental results, field tests, and an improved understanding of EOR processes that have been obtained since 1978. Costs were derived by geographical region for the following techniques: steam drive, in-situ combustion, carbon dioxide flooding, surfactant/polymer flooding, and polymer waterflooding.

• OSTI ID: 6802603
• Journal Information: Oil Gas J.; (United States), Journal Name: Oil Gas J.; (United States) Vol. 79:20; ISSN OIGJA
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
020300 -- Petroleum-- Drilling & Production
020700* -- Petroleum-- Economics
Industrial
& Business Aspects
CARBON DIOXIDE INJECTION
CHEMICAL REACTIONS
COMBUSTION
COMPARATIVE EVALUATIONS
ECONOMIC ANALYSIS
ECONOMICS
ENHANCED RECOVERY
FLUID INJECTION
IN-SITU COMBUSTION
IN-SITU PROCESSING
MICROEMULSION FLOODING
MISCIBLE-PHASE DISPLACEMENT
OIL WELLS
OXIDATION
POLYMERS
PROCESSING
RECOVERY
REGIONAL ANALYSIS
STEAM INJECTION
SURFACTANTS
TAXES
THERMAL RECOVERY
THERMOCHEMICAL PROCESSES
WATERFLOODING
WELLS
WINDFALL PROFITS TAX