Improved recovery

12/13/2010

The Norwegian petroleum sector faces substantial challenges. A dramatic fall in oil production and the corresponding decline in revenues for both industry and government must be met on a number of fronts. That makes improved recovery a key area.

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Norway’s oil industry and research communities have put the country in the front rank internationally through innovation and testing of ideas.

The Norwegian continental shelf is characterised by good area solutions, early water and gas injection in reservoirs, keen understanding of geology and formations, and good well design and drilling technology.

That has made Norway a world leader for recovery from offshore discoveries, with an average factor of 46 per cent. But much can still be done to extract the substantial resources which currently remain unproduced.

Time is running out for many of these measures. The industry wants to help realise the recovery potential, but this is a question not only of technical constraints but also of major and demanding political decisions.