Wednesday, May 19, 2021, 11:30 AM - 12:30 PM MT
Dr. Tayfun Babadagli University of Alberta Despite the tremendous investment devoted to research in pilot scale investigations, the ultimate gain from enhanced oil recovery (EOR) applications has been below expectations since the 80s (<10% of total production). This has been dogmatically attributed to the strong dependency of EOR projects on the erratic nature of oil economics. This talk seeks answers, through a ‘philosophical’ approach, to the questions of whether enhanced oil recovery projects are purely driven by economic restrictions (i.e., oil prices) or if there are still technical issues to be contemplated. Another way of approaching these questions is to ask why some EOR projects are successful and long-lasting regardless of substantial fluctuations in oil prices. To find solid answers to these questions by ‘philosophical’ reasoning, further questions will be raised and critically analyzed in this talk. Then, premises will be listed as outcomes to be considered in the decision making and development of EOR projects. Finally, through both the ‘philosophical’ approach followed and using worldwide successful EOR cases, the critical parameters will be listed as the most important factors in running successful EOR projects, regardless of oil prices and risky investment costs, to warrant both short and long-term profit.