Mature Oil Field
by EOR Technologies,
Follow us on Twitter:
What is a mature oil field?
Mature oil fields are typically recognized by:
Already in secondary recovery
Decreased oil production
Increased produced water production
Increasingly greater expenses to keep the wells in production.
This is the point in time most companies consider selling their mature oil fields/lease. Companies with mature oil fields are often required to raise significant amounts of capital to re-work their wells, re-frac the reservoir or begin the third and final stage of oil recovery, which is Enhanced Oil Recovery (EOR) for increasing their oil recovery. Not all of these "solutions" provide the desired results and why some companies either choose to plug and abandon their wells, or to sell their mature oil field.
We provide technology-neutral EOR solutions and also have investors interested in acquiring mature oil fields and leases that are located in the USA and Canada.
Who is EOR Technologies?
EOR Technologies is one of very few EOR "technology neutral" companies that deliver the maximum oil production for the least cost. This is determined by reservoir/oil field analysis, history, present conditions and operations.
Over the past forty years, the enhanced oil recovery industry has produced a number of excellent and proven EOR technologies.
However, the optimum EOR technology for any one particular client with declining oil production, is dependent on a number of variables that must be identified and understood before selecting the correct EOR technology, including;
Specific oil reservoir type / condition
Depth of pay zone
Interfacial tension or IFT ( displacement efficiency)
Mobility control (sweep efficiency)
Overall condition of well
Reservoir's brine (salinity NaCl) content
Working condition of reservoir
among others. The "optimum" EOR technology for one reservoir and pay zone may not be the optimum EOR technology for another - even within the same oil field. That's why we are "EOR technology neutral." We apply the optimum EOR technology for each client's specific requirements for maximizing our client's oil recovery, at the least possible cost.
Enhanced oil recovery represents a significant opportunity for companies with declining oil production to significantly increase their oil production and revenues through our range of EOR technologies and services.
How much more oil can we produce from our "mature" oil field and wells?
Enhanced oil recovery or "EOR" represents a significant opportunity for companies with declining oil production to significantly increase their oil production and revenues through our range of EOR technologies and services.
As seen above, there are a number of variables that determine the potential increase in production for any particular application.
With that said, some of the EOR technologies can have a significant reversal in oil production. And by "significant," this could mean anywhere from a 100% increase in oil production to a 500% increase in oil production.
Would increasing your oil production from 5 bbls/day to 10 bbls/day for a 100% increase in oil production. Would that make a difference? How about going from 100 bbls/day to 500 bbls/day for a 500% increase in oil production. That's the possibility with enhanced oil recovery.
Moving forward with EOR Technologies and start increasing your oil production.
EOR Technologies is an "independent" EOR company that is EOR "technology-neutral." We provide the optimum EOR technology for companies seeking to reverse their declining oil production. EOR technology-neutral means that EOR Technologies is
* NOT a chemical company selling chemicals
* NOT an engineering company selling EOR engineering or petroleum engineering services
* We are NOT an equipment company, selling EOR equipment or recently-patented products!
For us to assist, your oil production must be located in the USA or Canada and by an initial no-charge telephone consult, determine whether your oil wells/mature oil field may qualify and benefit from one of our EOR technologies.
After the no-charge telephone consult determines the need for us to test your oil wells and reservoir, we execute an agreement that authorizes us to send our personnel and equipment to perform the test and invoice for this service. The test determines existing conditions and the optimum EOR solution.
Once we have completed the test and analysis, we offer various options for moving forward including a no out-of-pocket expense option (for qualified oil wells/oil fields).
One of the EOR technologies that has proven highly successful on both shallow oil production and oil wells in excess of 7,000' - has an 85% success* rate for increasing oil production in as little as 5 days. We define success* by at least doubling our customer's daily oil production - in as little as 5 days! *Note: results vary from oil well to oil well and oil field to oil field. Increased oil production with this method may require 90 - 120 days.
We Free Trapped Oil sm with the optimum "technology neutral" EOR technology, which may include;
Enhanced Oil Recovery (EOR) technologies
Mature Oil Field acquisitions
Upstream Oil and Gas acquisitions
Call/email us today for an initial consultation to discuss your declining oil production problems or to discuss the sale of your mature oil field (located in the USA or Canada).
We deliver solutions:
That produce results:
Greater market share
Increased shareholder value
American Energy Plan
3-5 million new jobs
Fuel Savings of > $1.50/gallon
American Energy Independence
Ends the worst economic depression of all time
Support America's Domestic Oil and Gas
resources and companies
hundreds and hundreds and hundreds of billions of dollars every year for
oil, much of it from the Middle East, is just about the single stupidest
thing that modern society could possibly do. It’s very difficult to think of anything
more idiotic than that.”
~ R. James Woolsey, Jr., former Director of the CIA
According to R. James Woolsey, for Director of the Central Intelligence Agency, “The basic insight is to realize that global warming, the geopolitics of oil, and warfare in the Persian Gulf are not separate problems — they are aspects of a single problem, the West’s dependence on oil.”
Mature Oil Field
All Rights Reserved