Oil Production Rate Falls News

Use a new EOR technology brings award for BP

In recognition of the breakthrough new enhanced oil recovery – or EOR – technology, BP has been presented with the Distinguished Achievement Award. The award was presented on 4 May, 2014 at the Offshore Technology Conference (OTC) in Houston, Texas. This is the second time in four years that BP has won the award at this major annual gathering for oil and gas professionals. BP's plans to use the new enhanced oil recovery – or EOR – technology from day one of operations at the Clair Ridge field west of Shetland, UK have won BP this major industry award.Until now, emerging EOR techniques have typically been applied to older fields as the oil production rate falls and recovery of oil and gas becomes harder - and uneconomic.