Montana: Magellan eyes carbon dioxide pilot at Poplar field

Magellan Petroleum Corp., Denver, said it could eventually add 50 million bbl of oil reserves to its books by bringing an existing oil field at Poplar, Mont., to full-scale carbon dioxide enhanced oil recovery operation.

First step in this process is a CO2-EOR pilot program that Magellan plans to begin this summer with five new wells. The pilot could cost as much as $20 million, the company said.

The evaluation period will take 12-24 months, after which the company hopes to move to a full-field development. Magellan is in final stages of permitting the pilot program and close to securing a CO2 supply source for the pilot.

Related Articles

Bakken field production reaches 1 billion bbl mark

04/28/2014 Citing data from IHS, Continental Resources Inc. reported that Bakken field has surpassed 1 billion bbl of cumulative light, sweet crude oil produc...

Stone discovers oil in deepwater Cardona South well

04/28/2014 Stone Energy Corp., Lafayette, La., encountered more than 275 ft of net oil pay in three separate sections of the deepwater Cardona South well on M...

Statoil drills, cases Southern Georgina basin exploration well

04/28/2014 Statoil Australia Theta BV has successfully drilled and cased the OzAlpha-1 well in exploration permit 104 in the Southern Georgina basin of Austra...

Indonesia: Premier finds oil, gas with Kuda Laut well

04/28/2014 Premier Oil PLC reported that the Kuda Laut-1 well, drilled in the Tuna production-sharing contract area offshore Indonesia, has discovered 183 ft ...

Careers at TOTAL

Careers at TOTAL - Videos

More than 600 job openings are now online, watch videos and learn more!

 

Click Here to Watch

Other Oil & Gas Industry Jobs

Search More Job Listings >>
Stay Connected