GETTING MORE OIL FROM EXISTING RESERVES WHILE LIMITING GLOBAL WARMING MAY NOT BE CONTRADICTORY, BUT COULD BE COSTLY
February 1st, 2017
Enhancing the percentage of oil recovered from existing assets is a no-brainer for countries that want to maximise economic gains from their oil reserves.
In an era of apparently ‘lower for longer’ oil prices, it is high up the agenda for oil companies and governments. It can also help to make a case for continuing oil production as the world transitions towards more renewables and gas, which produces around half as much carbon as oil when combusted.
The majority of the world’s oil and gas companies invest in enhanced oil recovery (EOR) and have used it ...
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