Economics of increasing recovery factors and reduced Sor
Presented at the AGZ seminar, Jakarta - Indonesia, August 09,2006.

Abstract

Beyond the ongoing major structural changes and cost savings resulting from the industry focus on increasing operational efficiencies, better technology holds the key to future reductions in the production cost of oil. Achieving to optimum productivity is a major component of this technology.

In the past most of the techical and operational aspects of production enhancement were keyed towards making reservoirs economically viable. This limited the application of such operations mostly to high water cuts, low permeability reservoirs, or when there was a drastic reduction in production rates. With the high oil price this need is continually extending towards enhance crude oil recovery and stimulate depleted wells.

With focus on getting best return on investment it is no more enought to just profitable. Optimum well productivity will enhance the economic value of any reservoir. This information will examine the economic impact of production enchancement on reservoirs viewed to be uncloging/unblocking.