Our EOR Focus
Without question, Enhanced Oil Recover (EOR) is the buzz phrase of the moment.
With more than 75% of the world’s oil field now being watered out and the price of oil consistently above $100 a barrel, the focus for operating companies with older assets has turned to using EOR techniques to increase production from older fields. This could unlock 15%-20% more of the oil in place in existing assets.
Here at Sciencesoft, EOR is topping the agenda for our research and development team.
During the last 12 months alone we’ve been involved in some exciting new EOR-related projects:
- The launch of Sciencesoft’s powerful new S3sector software package, a game changer for oil engineers that creates sectional models in minutes rather than weeks.
- The launch of a Government backed collaborative project with Glasgow University’s School of Engineering and Science to investigate further advances in reservoir simulation techniques. For more information about the project click here.
- And the publication by two leading global oil industry journals – World Oil and Oilfield Technology - of articles focusing on our research and development director Dr Lindsay Wood’s EOR vision.
Dr Wood (pictured above) said: “The demand for reservoir simulation has never been higher and this trend shows little sign of slowing down. Simulation of processes ranging from single well models, EOR studies to billion cell models keeps growing and the next five years offer opportunities for companies that maximise productivity through simulation."
Click on the PDF thumbnails below to read the full articles from World Oil and Oilfield Technology:
Sciencesoft support for children’s charity
For the second year running the Sciencesoft team is sponsoring a Malta-based children’s charity called The Ladybird Foundation, set up to provide joy and relief to terminally, critically or seriously ill children based in the Maltese islands.
September sees the staging of a major fundraising sports’ event which is set to raise €100,000.For more information click here.