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Optimal Choice of R&D Strategy for Enhanced Recovery from Petroleum Reservoirs

Abstract:
Off the coast of Norway is a huge, undeveloped petroleum reservoir. The exploitation of this resource is a challenge to the oil industry both because of its specific reservoir geology and its deep water location. One of the decisions that must be made regarding this field is the choice of the injection method.Our report discusses decision rules for the choice of R&D strategies for methods of supplementary recovery.

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Energy Specializations: Petroleum – Exploration and Production

JEL Codes: Q54: Climate; Natural Disasters and Their Management; Global Warming, Q35: Hydrocarbon Resources, Q41: Energy: Demand and Supply; Prices, Q42: Alternative Energy Sources, Q21: Renewable Resources and Conservation: Demand and Supply; Prices

Keywords: Oil production, Enhanced recovery, Oil reservoirs, Norway, R&D

DOI: 10.5547/ISSN0195-6574-EJ-Vol8-No1-8


Published in Volume 8, Number 1 of The Quarterly Journal of the IAEE's Energy Economics Education Foundation.