ONS '14: ADNOC strives for 70% ROR as part of production plan

STAVANGER, Norway -- Abu Dhabi’s state-owned company, ADNOC, has set itself the ambitious goal of more than doubling the rate of recovery (ROR) for its producing assets, from 30% to 70%. It is not a wonder that R&D and enhanced oil recovery (EOR) are very high on ADNOC’s agenda these days. Given that this region accounts for about 7% of global oil resources, there is clearly a huge potential for additional value creation.


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ONS '14: ADNOC strives for 70% ROR as part of production plan ONS '14: ADNOC strives for 70% ROR as part of production plan Reviewed by Crude Oil Brokers on 17:50 Rating: 5

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