Enhanced Oil Recovery (EOR) Projects
1. In the absence of large assets (in terms of field size), whether, EOR projects won’t remain to be successful and profitable in the long run regardless of CAPEX (capital expenditure) & OPEX (operating expenses), given the fluctuating oil prices?
2. Do we really have EOR projects that require a relatively lower CAPEX that can still be controlled by smaller companies with successful operations?
3. Whether oil companies will be able to take the decision in order to set a minimum profit margin target rather than maximizing the total profit in the long run, towards EOR projects?
If so, then, do we have enough small- or mid-sized oil fields that can afford short- or mid-term investments, towards EOR projects?
4. Would it remain feasible to select EOR methods on the basis of well-established classic theories @ Darcian-scale?
5. With reference to EOR projects, what is the very purpose of having high-quality reservoir characterization efforts using production history and acquired data from extensive pilot tests in the absence of finalizing or freezing the scale of reservoir characterization, either @ pore-scale; or @ Darcian-scale?
In the absence of understanding the actual reservoir physics, how could we anticipate the EOR-project challenges associated with the real field operational processes?
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