15 october 2021, 18:00

LUKOIL and Gazprom Neft to cooperate in the area of oil recovery enhancement projects

In 2020, the companies closed a transaction on establishing a joint venture for the exploration and production of hard-to-recover oil reserves in the Volga–Urals region

Moscow, October 15 - Neftegaz.RU. LUKOIL and Gazprom Neft concluded an agreement on cooperation in implementation of oil recovery enhancement projects.
The agreement provides for joint work on improving chemical methods of enhanced oil recovery.

It will lay the foundation for best practices exchange and collaboration in lab research, as well as for studies of surface-active agents and production stimulation chemicals.

The companies plan to join their efforts to develop national production of chemical agents and equipment for manufacturing of surfactant-polymer and polymer solutions for oil recovery enhancement.
They also aim to test and introduce new chemical compounds when developing mature reserves at their fields.

LUKOIL and Gazprom Neft will also evaluate prospects for creation of competence centres that would apply innovative equipment to select surfactant and polymer formulae.
LUKOIL develops hard-to-recovery oil reserves at the Imilor field in Western Siberia, the Usinskoye and Yarega fields in the Komi Republic and other projects.

Enhanced oil recovery techniques make it possible to significantly increase recoverable reserves through commercial production of high-viscosity oil reserves, as well as reserves in low-permeability reservoirs and hard-to-recover reserves of a mature field.

To read the full story in Russian

#lukoil #gazprom neft #oil recovery #hard to recover