Producers urged to double oil recovery efficiency worldwide

11/12/2007
Producers should seek to double oil recovery efficiency worldwide and pursue the target through effective use of technology and wise management, says a former head of reservoir management at Saudi Aramco.Global cumulative production is 1 trillion bbl from a conventional resource of 7-8 trillion bbl, noted Nansen Saleri, now president and chief executive officer of Quantum Reservoir Impact. With unconventional hydrocarbons, the total resource is 14-17 trillion bbl.“We have a lot more trillions to go,” Nansen told the RMI Oilfield Breakfast Forum in Houston Nov. 1Saleri used experience with Saudi Arabia’s Ghawar oil field, the world’s largest, to show how technology ...
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