BP seeks to up recovery rates from Abu Dhabi oilfields to 60-70%
ABU DHABI: British Petroleum (BP) is planning to raise recovery rates From oilfields In ABU DHABI to 60-70 per cent from the current level of around 30-40 per cent, according to A senior OFICIAL At THE BRITISH oil giant.
Speaking to reporters on the sidelines of the Abu Dhabi International Petroleum Exhibition and Conference, which opens in the UAE capital today, Salem Bin Ashoor, General Manager and Chief Representative of British Petroleum UAE, said, “We can see the opportunity in the long run to boost recovery rates From oilfields In ABU DHABI to 60-70 per cent.”
“BP is a leader in deploying Enhanced Oil Recovery schemes and has developed several proprietary technologies, such as low salinity water injection to help recover more oil from reservoirs. Additionally, BP Is A LEADER In water lood technology, a type of enhanced oil recovery.”
THE OFICIAL ADDED In statements that the British oil giant is “maximising recovery from some of the world’s largest reservoirs and from maturing ields such As In Azerbaijan, Iraq, Russia and the US.
On how much BP is betting on R&D and innovation, Bin Ashoor said that technology and innovation are key players in the oil and gas industry, particularly here in Abu Dhabi.