The prospect of deepwater heavy oil production using CO2-EOR.
Oluyemi, Gbenga Folorunso
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TCHAMBAK, E., OYENEYIN, B. and OLUYEMI, G. 2015. The prospect of deepwater heavy oil production using CO2-EOR. Energy sources, part A: recovery, utilization and environmental effects [online], 37(3), pages 318-325. Available from: http://dx.doi.org/10.1080/15567036.2011.585373
The prospect of unconventional oil development has long been coming to offset the rapid decline of conventional crude. And looking ahead, the worry is already turning away from the onshore exploitation to the challenging offshore environment, with the question being whether the emerging technology can overcome the challenges of deep-water heavy oil production. In economics terms, the immiscible process shows a negative return, a longer payback time, and a low net present value. With an increased revenue through increased production, there is a degree of strong, dynamic, and appealing prospect to any future heavy oil development using miscible process.