Last year, global oil consumption growth averaged 1.6 million barrels per day. The demand for oil is expected to continue growing towards 20401. But, while demand continues to grow, production from mature basins, such as the North Sea, is declining. Based on current production rates, industry estimates suggest that only 43%2 of UK Continental Shelf (UKCS) oil will be produced, resulting in more than half of the oil in place not being commercialised.
By adopting enhanced oil recovery (EOR) techniques, the amount of oil that could be recovered could be increased by as much as 30% to 70%. While other forms of EOR have been seen to have the potential to produce better results; such as gas injection, the requirement to source and transport gas for injection, for example, limits its applicability and economics. Low Salinity Water Flooding (LSWF), on the other hand, is more flexible and lower cost, with a readily accessible feedstock – seawater.
Download our white paper to learn:
- How LSWF could help increase It could help increase recovery rates from 2% to 22%.
- How to overcome the challenges of LSWF
- The three main requirements for more accurate feasibility assessment of LSWF.
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