Increased Oil Recovery by Optimization of Brown Field Assets
Published on by Water Network Research, Official research team of The Water Network in Business
Research and development of a new water flood technology to increase oil recovery is being undertaken by ESal, LLC thanks to a $224,740 National Science Foundation (NSF) Small Business Technology Transfer (STTR) grant.
“We are using this NSF grant as a springboard to commercialize our technology,” said Teresa Nealon, President of ESal, LLC. “We believe it can revolutionize the oil industry by shifting the paradigm from green field exploration to optimization of brown field assets.”
Nealon said the ESal™ technique does not use chemicals or additives thus avoiding the risk of contaminating ground and surface water resources. Rather than drill thousands of new wells, this approach revitalizes old fields and requires little modification to the existing infrastructure and operational procedures. It would allow older fields to continue to operate providing jobs and taxes while increasing and further diversifying our domestic oil reserves.
Development of this currently unrecoverable oil resource would allow long-term stabilization of oil prices at reasonable levels and offer new business opportunities for small operators, she said.
Source: Wyoming Business Report
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Taxonomy
- Oil & Gas
- Oil Water Separation
- Oil Field Chemicals
- Heavy Oil