HOUSTON—With more than 100 billion barrels of recoverable oil in the Permian Basin and recovery rates between 6% and 8%, top executives for three of the biggest oil producers in the basin see plenty of opportunities ahead for the basin.

Conversation about the potential of EOR to tap more barrels and carbon sequestration surfaced when executives from ConocoPhillips, Diamondback Energy and Pioneer Natural Resources took the stage during the 23rd World Petroleum Congress this week.

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