08 March 2012
MUSCAT -- PH Petro, an integrated enhanced oil recovery (EOR) company, has announced that the company's recently completed single-well test project for Daleel Petroleum Company has delivered an impressive 134 per cent incremental oil gain.
The project marks the debut of SUR+ (Surfactant Plus) in the Middle East and PH Petro's first foray into the Arab markets. PH Petro undertakes EOR projects in South East Asia from concept to completion and SUR+ has been field tested in more than 18 fields and 50 wells in various producing formation.
The recently completed project gauges the effectiveness of PH Petro's surfactant technology in improving oil recovery at a Daleel producer well. PH Petro's SUR+ technology delivered 5,785 barrels of cumulative oil exceeding baseline forecast by 3,171 barrels of oil.
Due to the favourable result, evaluation efforts are now under way to extend the EOR pilot flooding to cover several injectors and a few more IOR (improved oil recovery) at producer wells.
The field implementation is forecasted to deliver incremental gain of between 100 to 300 per cent.
"Our test for Daleel has proven that our technology can increase oil recovery at a reasonable cost a
nd in a very practical manner.
This is a strong start to our Middle Eastern operations and we look forward to becoming the EOR provider of choice to some of the region's top projects. We would like to take this opportunity to thank Daleel for its full confidence and support and anticipate a very productive partnership ahead," said Fairuzz Nasron, President and Group CEO, PH Petro.
Daleel Petroleum Company LLC is a 50/50 joint venture between Mazoon Petrogas SAOC and Mazoon Petrogas BVI. It explores, appraises and processes hydrocarbon reserves in Oman's Block 5 onshore field southwest of Muscat.
Technology improvements and high oil prices have spurred greater demand for chemical EOR, especially as around two trillion barrels of oil are still trapped worldwide. EOR/IOR can unlock more than 50 per cent of OIP (oil in place before commencement of production).
MUSCAT -- PH Petro, an integrated enhanced oil recovery (EOR) company, has announced that the company's recently completed single-well test project for Daleel Petroleum Company has delivered an impressive 134 per cent incremental oil gain.
The project marks the debut of SUR+ (Surfactant Plus) in the Middle East and PH Petro's first foray into the Arab markets. PH Petro undertakes EOR projects in South East Asia from concept to completion and SUR+ has been field tested in more than 18 fields and 50 wells in various producing formation.
The recently completed project gauges the effectiveness of PH Petro's surfactant technology in improving oil recovery at a Daleel producer well. PH Petro's SUR+ technology delivered 5,785 barrels of cumulative oil exceeding baseline forecast by 3,171 barrels of oil.
Due to the favourable result, evaluation efforts are now under way to extend the EOR pilot flooding to cover several injectors and a few more IOR (improved oil recovery) at producer wells.
The field implementation is forecasted to deliver incremental gain of between 100 to 300 per cent.
"Our test for Daleel has proven that our technology can increase oil recovery at a reasonable cost a
nd in a very practical manner.
This is a strong start to our Middle Eastern operations and we look forward to becoming the EOR provider of choice to some of the region's top projects. We would like to take this opportunity to thank Daleel for its full confidence and support and anticipate a very productive partnership ahead," said Fairuzz Nasron, President and Group CEO, PH Petro.
Daleel Petroleum Company LLC is a 50/50 joint venture between Mazoon Petrogas SAOC and Mazoon Petrogas BVI. It explores, appraises and processes hydrocarbon reserves in Oman's Block 5 onshore field southwest of Muscat.
Technology improvements and high oil prices have spurred greater demand for chemical EOR, especially as around two trillion barrels of oil are still trapped worldwide. EOR/IOR can unlock more than 50 per cent of OIP (oil in place before commencement of production).
© Oman Daily Observer 2012
