Oil producers slow to apply energy efficiency

12/12/2005
Sample case studies on California oil fields show the benefits that producers can obtain from reducing their power consumption. Typical energy efficiency projects are viable economically with short payback periods and a high return on investment. But in spite of these attractive economics to increase energy efficiency, some producers continue inefficient operations.At a time of high oil prices, perhaps some excess operational cost is of no concern, but in fact this is exactly the time to correct such problems. Experience shows that corrective measures have side benefits that can increase well productivity and reduce well-intervention costs, parameters that contribute to attractive project...
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