Progress in IOR technology, economics deemed critical to staving off world's oil production peak

08/04/2003
Fourth in a series of six special reports on Future Energy SupplyProgress in improving oil recovery rates is critical to helping stave off the day when global oil production enters into permanent decline.Improved oil recovery (IOR) encompasses enhanced oil recovery techniques as well as other methods to expand the volume of recoverable oil from a reservoir. But in a larger sense, improving oil recovery can entail the application of horizontal drilling techniques, the implementation of smart wells, hydraulic fracturing, advanced reservoir characterization, and a myriad of other methods to help boost the flow and recovery of liquid hydrocarbons. In an even broader view, IOR can include the ...
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