Hunting PLC has signed a collaboration agreement with enhanced oil recovery company Titan Oil Recovery Inc. allowing it to add Organic Oil Recovery (OOR) to its list of TEK-Hub products and technologies focused on enhancing production in late field life.
The OOR process involves stimulating the growth of specific species of indigenous microbes within producing reservoirs, which have the effect of reducing the physical size of trapped oil droplets, enhancing production rates at a fraction of the cost of alternate enhanced oil recovery (EOR) technologies.
“In the U.K., we are committed to the agenda set out by the OGA [Oil and Gas Authority] to ensure maximized economic recovery from the North Sea. This has led us to add several new production enhancement products and technologies to our portfolio,” Bruce Ferguson, managing director of the Europe & Africa division for Hunting, said in a statement.
We have done our homework on Titan OOR, and on the evidence of a 94 per cent success rate on 48 commercial fields in the U.S., Canada, Australia and Indonesia, we are convinced that this technology can provide a low cost highly effective alternate to mainstream polymer and low saline-based EOR options,” Ferguson said.
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“We are very pleased to have established this agreement with Hunting and look forward to working closely with our new partners to maximize economic recovery from ageing oil producing assets in the UKCS, Norway and other global provinces,” added Ken Gerbino, founder and chairman of Beverly Hills, California-based Titan.
Within over 300 production well implementations of OOR, multiple customer authored SPE papers record average oil production increases within the range of 25 per cent to 700 per cent, and costs per incremental barrel of under US$6, the company said. No topside modifications are required for offshore implementation of OOR.