Decision analysis of the appropriate R and D strategy for enhanced oil recovery (EOR)

Journal Article · Sat Jan 01 00:00:00 EST 1983 · Energy Syst. Policy; (United States)

OSTI ID:5533929

Nesbitt, D M; Phillips, R L

This paper describes a decision analysis of the appropriate level of national aggregate research and development expenditure on Enhanced Oil Recovery (EOR) R and D. The analysis concludes that under the assumptions used a high level of R and D effort on EOR R and D is justified. The analysis also suggests that larger EOR R and D programs entail less overall economic risk than smaller programs by serving as a hedge against high world oil prices. The work was sponsored by DOE, with special credit to Lewin and Associates and DFI. 7 references, 8 figures, 7 tables.

• Research Organization: Decision Focus Inc., Los Altos, CA
• OSTI ID: 5533929
• Journal Information: Energy Syst. Policy; (United States), Vol. 7:3
• Country of Publication: United States
• Language: English

Related Subjects

02 PETROLEUM
29 ENERGY PLANNING
POLICY AND ECONOMY
ENHANCED RECOVERY
RESEARCH PROGRAMS
PETROLEUM
COST BENEFIT ANALYSIS
DECISION MAKING
DECISION TREE ANALYSIS
ECONOMICS
ENERGY SOURCES
FOSSIL FUELS
FUELS
RECOVERY
020300* - Petroleum- Drilling & Production
294002 - Energy Planning & Policy- Petroleum