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Innovation Energy: Futuristic Perspectives on CO2-EOR Technologies. - Research Paper Example
Pages 15 (3765 words)
Whether innovation in technology reduces a nations’ dependence on oil is a challenging issue. Innovation in oil can provide solution to geopolitical and environmental issues, boosting the demand to speed up innovation in energy technology…
The Statement of the Problem The biggest issue is know whether CO2-EOR technology, one of the leading “next generation” technologies in enhancing the oil recovery potential with CO2 fulfills the futuristic concerns. CO2 has been a major cause of concern for creating greenhouse effect related to environment. Mitigating the risks associated with excessiveCO2 by injecting it underneath the oil fields fortunately is being used in recovering oil. Whether it is cost effective technology or not is another significant cause of concern. Some of the success stories in leveraging from the CO2-EOR innovation satisfy the quest for knowledge on different aspects through this writing. Definition of Term Enhanced Oil Recovery (EOR)EOR is also known as tertiary oil recovery. It follows primary recovery (oil recovered by the natural pressure in the reservoir) and secondary recovery (using water injection). Out of different EOR technologies, CO2 flooding technology is discussed and analyzed. ...
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