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recovery factor

   Also found in: Acronyms 0.01 sec.
recovery factor [ri′kəv·ə·rē ′fak·tər]
(petroleum engineering)
The ratio of recoverable oil reserves to the oil in place in a reservoir.
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With around 65 billion barrels of initial oil in place - of which 12 billion barrels have been recovered, it is estimated that there are probably 20 billion barrels of oil still to recover, assuming a recovery factor of 40 per cent, which is perfectly credible in this sort of field.
Rumaila oilfield by Saudi Economic Survey
First, determine the total up-front cost to implement a specific energy-saving initiative, and annualize that project cost by multiplying it by a capital recovery factor as follows: ANNUALIZED PROJECT COST = (UP-FRONT PROJECT COST) x (CAPITAL RECOVERY FACTOR) CAPITAL RECOVERY FACTOR (CRF) = [(i/12) * (1 + (i/12)).
Simple payback: the wrong tool for energy project analysis? by Russell, Christopher / Management Quarterly
2 billion barrels and the recovery factor is expected to be between 50% to 70% due to the highly fractured nature of the reservoirs.
Oil and gas firm climbs on discovery news by Buzz on the Boards / Stockhouse
 
 
 
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