This statement from David Eyton, bp's EVP of Innovation and Engineering, puts Enhanced Oil Recovery (EOR) firmly in the spotlight with expectations to deliver. bp delivers more conventional oil with EOR technology than any other International Oil Company (IOC) – more than 10% of the world’s total.
How much oil can be recovered from a field (its recovery factor) depends on four fractions, each multiplied one another. The fractions with the most potential to increase are:
So these are the areas of focus for bp’s EOR technology development.
Our EOR Technologies divide into two types - Designer Water® EOR and Designer Gas
®Designer Water® EOR technologies are being studied for their potential in ACG: