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.
..»
No comments:
Post a Comment