What does Enhanced Oil Recovery - EOR mean?
Latest technologies used to increase production from oil and gas fields. Enhanced Oil Recovery (EOR) techniques prolongs economic life cycle of an oil field and improves its Estimated Ultimate Recovery(EUR).
Futures Knowledge Explains Enhanced Oil Recovery - EOR
Once oil is discovered and wells are drilled, oil starts flowing out from the oil wells due to high pressure inside the reservoirs. The production can be partially sustained by using pumps and other common techniques. But huge volume remains underground.
Estimated Ultimate Recovery can be improved further by applying latest sophisticated techniques such as injecting chemicals, carbon dioxide or steam. Enhanced oil recovery maintains pressure and also improves fluid flow in the reservoir. More oil comes out of well. EOR is also known as improved oil recovery or tertiary recovery.