Chemical Enhanced Oil Recovery - It's as Easy as ASP
As part of my ongoing research into the Enhanced Oil Recovery sector I've been talking with Oil Chem Technologies.
Oil Chem Technologies of Sugar Land Texas is a leader in Chemical EOR.
They currently they have 21 projects scattered throughout Asia, North and
chemical EOR surfactants and process have resulted in between 15 and
30% recovery of original oil in place (OOIP). They are the 6th fastest
growing private energy company and the 4th fastest growing company
overall in the Houston/Galveston area.
Costs of chemical EOR projects are less than $5 per incremental barrel of oil production.