EnergyInsights.net 
Oil Supply: Peak Oil and Microbes! 11-06-2011 12:03 am

Written by OilEdge

  • 80% success rate on oil production well treatments
  • 55 wells with 88 treatments showed an average production increase of 127%. 3 wells treated are still in the pending category (results still in progress) See table below.
  • 98 treatments of the 106 treatments are completed – the remaining 8 treatments are in the pending category (results still in progress on three producers and five injection wells)
  • The organic oil recovery process creates the desired oil production response in oil fields
  • Delivers excellent financial results for field operators
  • All 106 treatments cost operators a total of $2,616,194. Incremental bbls recorded from these treatments were 105,511 bbls valued at $8,440,913, for a 223% return. 8% of these treatments are still in the “pending” stage.
  • Results from two fields treated with full-field applications--the ideal and recommended protocol—are highlighted in the charts below. Because of the extraordinary results, both operators wrote Society of Petroleum Engineers papers validating the success of the process. These are available on request or at the SPE website (SPE Paper #124319 for Husky Energy and SPE Paper #129742 for Venoco Inc.).
  • The average cost per incremental bbl for these two fields was $7.81 per bbl. This compares to $20-50 per incremental bbl for other Enhanced Oil Recovery methods.

1106_Picture 1.jpg
1106_Picture 2.jpg
Two Fields with Full Field Applications of Organic Oil Recovery

The Canadian Field operator paid $324,650 and recorded 44,984 incremental bbls from treated wells valued at $ $3,598,667. Cost per incremental bbl was $7.21.

The California Field operator paid $224,295 and recorded 25,307 incremental bbls from treated wells valued at $2,024,567. Cost per incremental bbl was $8.86.

The table below shows that organic oil recovery creates the desired oil production response in oil fields by releasing trapped oil from the reservoir. This table indicates the performance as measured by an increase in oil production rate comparing pre-treatment rate with post- treatment “peak rate” measured by operator well tests. Note that a 47% increase in production rates on Injector treatments was achieved with an average of only two treatments per injection well (less than the optimum treatment sequence.

1106_Picture 3.jpg
Production Rate Increase Performance
Note: Pending results (results still in progress) are all from injection well applications, which generally take from three months to one year for the benefits of the process to reach the surrounding producing wells.

Although there doesn’t appear to be any direct connection between Peak Oil and Microbial Enhanced Oil Recovery except that both involve oil, both concepts are being debated daily in the energy world. The common denominator is oil supply. I believe there is rapidly approaching serious condition when oil-supply will no longer keep up with oil demand--Peak Oil. As organic oil recovery technologies achieve wider and wider use with proven success, the process will become a widely accepted “norm” as an adjunct to waterflooding in appropriate types of oil reservoirs. Then, organic oil recovery will become an accepted process to mitigate the serious impact of Peak Oil as it, too, becomes a more widely accepted concept.

If a reader is interested in knowing more they can visit website for Titan Oil Recovery, Inc. at (www.titanoilrecovery.com) or simply call Brad Govreau, Titan’s CEO, at 281-364-6980 or at bgovreau@titanoilrecovery.com

www.oilvoice.com/

Powered by: csArticles - WWW.CGISCRIPT.NET, LLC