How can innovation and technology help make the most of existing energy resources?
The world's demand for energy continues to grow due to population growth and improving standards of living. At the same time, the days of "easy oil and gas" are over. To complement the drive to extract new resources in increasingly challenging environments it is also important to ensure that existing reservoirs yield their full potential. Why are Shell's enhanced oil recovery techniques a viable solution?
Our point of view
The days of “easy oil and gas” are over. New technologies are required to meet the world’s growing demand for energy.
The International Energy Agency recognises that fossil fuels must continue to meet the bulk of demand for many years to come. To date, the focus has been to discover new resources from increasingly challenging reservoirs and locations. Existing reservoirs typically yield only 30-35% of their potential and at Shell we have developed enhanced oil recovery techniques to extract up to 20% additional yield from light oilfields and 80% for heavy oil. This offers huge potential for our energy future.