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The prospect of deepwater heavy oil production using CO2-EOR.

Tchambak, E.; Oyeneyin, B.; Oluyemi, G.

Authors

E. Tchambak

B. Oyeneyin

G. Oluyemi



Abstract

The prospect of unconventional oil development has long been coming to offset the rapid decline of conventional crude. And looking ahead, the worry is already turning away from the onshore exploitation to the challenging offshore environment, with the question being whether the emerging technology can overcome the challenges of deep-water heavy oil production. In economics terms, the immiscible process shows a negative return, a longer payback time, and a low net present value. With an increased revenue through increased production, there is a degree of strong, dynamic, and appealing prospect to any future heavy oil development using miscible process.

Journal Article Type Article
Publication Date Feb 1, 2015
Journal Energy sources, part A: recovery, utilization and environmental effects
Print ISSN 1556-7036
Electronic ISSN 1556-7230
Publisher Taylor & Francis
Peer Reviewed Peer Reviewed
Volume 37
Issue 3
Pages 318-325
Institution Citation TCHAMBAK, E., OYENEYIN, B. and OLUYEMI, G. 2015. The prospect of deepwater heavy oil production using CO2-EOR. Energy sources, part A: recovery, utilization and environmental effects [online], 37(3), pages 318-325. Available from: https://doi.org/10.1080/15567036.2011.585373
DOI https://doi.org/10.1080/15567036.2011.585373
Keywords CO2-enhanced oil recovery; CO2 sequestration; CO2 utilisation; Cold heavy oil

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