The shale revolution may have led to a surge of domestic production from unconventional reservoirs, but Omer Gurpinar, technical director of EOR for Schlumberger Ltd. (NYSE: SLB), sees the need for a new transformation in oil and gas.
Pointing to an estimated average 7% recovery factor with hydraulic fracturing for unconventional reservoirs, Gurpinar spoke with Hart Energy about how bringing EOR methods to unconventionals is crucial for the industry.
“For unconventionals, EOR is a must; it’s not a luxury. We have to do it,” he said.
Gurpinar views the implementation of EOR methods in unconventional production as a “promising challenge.” The topic is already gaining attention from those interested in EOR research in shale plays.
“Basically, the momentum for increasing recovery factors for unconventionals are so high that I’m expecting there could be even new EOR schemes being created and being implemented,” he said.
If EOR efforts in unconventionals continue to grow, Gurpinar said additional technologies could be made available which would make projects much more economical.
Recommended Reading
E&P Earnings Season Proves Up Stronger Efficiencies, Profits
2024-04-04 - The 2024 outlook for E&Ps largely surprises to the upside with conservative budgets and steady volumes.
EQT Declares Quarterly Dividend
2024-04-18 - EQT Corp.’s dividend is payable June 1 to shareholders of record by May 8.
In Shooting for the Stars, Kosmos’ Production Soars
2024-02-28 - Kosmos Energy’s fourth quarter continued the operational success seen in its third quarter earnings 2023 report.
Magnolia Appoints David Khani to Board
2024-02-08 - David Khani’s appointment to Magnolia Oil & Gas’ board as an independent director brings the board’s size to eight members.
Sunoco’s $7B Acquisition of NuStar Evades Further FTC Scrutiny
2024-04-09 - The waiting period under the Hart-Scott-Rodino Antitrust Improvements Act for Sunoco’s pending acquisition of NuStar Energy has expired, bringing the deal one step closer to completion.