Using innovation to help meet the energy demand: solutions to extract more from existing fields
Hosted by Dick Benschop, President Shell Netherlands
Session closed October 5th, 2011
Shell Dialogues Webchat
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Why is enhanced oil recovery a viable solution?
Currently, existing reservoirs typically yield only 30-35% of their potential. Enhanced oil recovery (EOR) may help to extract a further 5–20% of the oil in place. Depending on the reservoir, total recovery levels up to 50–70%, or occasionally more, may be achieved.
An increase in the efficiency of global hydrocarbon recovery of just 1% would expand conventional oil reserves by 88 billion barrels which is enough to replace three years of world production at the current rate (27 billion barrels per year) - a major impact on global production.
What innovative technologies are used to extract more oil? Why is enhanced oil recovery viable? What are the key partnerships in enhanced oil recovery projects? What’s the strength of the Dutch Schoonebeek project?