#PDO to invest US$20 billion into EOR
The national oil company has relied on EOR techniques to reverse oil production declines over the years.
PDO produced 1.2 million boepd of combined oil, gas and condensate last year, its second highest production record owing it largely to EOR initiatives.
The company, which is the Sultanate’s joint venture with Shell, has executed a range of EOR initiatives including Marmul with polymer injection, Qarn Alam with steam, and in Harweel with miscible gas.
PDO is also lining up EOR projects to execution including the construction of the Amal steam project and the ASP pilot in the Al Khalata reservoir in Marmul.
Last year the company signed with technology firm GlassPoint to build the first EOR system using a breakthrough solar steam technology developed by the California-based clean-tech start-up.
The solar EOR project will save about 57,000 million btu of natural gas per year which will free much-needed gas mainly to produce EOR steam to other industries such as petrochemicals, aluminum smelting, and power generation.
If you’d like to read more about the development of mature fields across the Middle East, check out our recent blog post containing a presentation from Universiti Teknologi Petronas, on how to develop an EOR strategy for the future.