recovery factor


Also found in: Acronyms.

recovery factor

[ri′kəv·ə·rē ′fak·tər]
(petroleum engineering)
The ratio of recoverable oil reserves to the oil in place in a reservoir.
References in periodicals archive ?
In addition, the cooperative's monthly power cost recovery factor (PCRF) helps ensure the timely recapture of costs when gas prices move upward.
Narayanpur (Chhattisgarh) [India], Sep 13 ( ANI ): The Centre on Wednesday approved the policy framework to promote and incentivise techniques to improve recovery factor of existing hydrocarbons reserves for augmenting domestic production of oil and gas.
span style="font-size: small;">Under the assumption of a three per cent recovery factor, Bahrain's new oil find may yield up to 2.4 billion barrels of recoverable oil reserves-a little less than half of Oman's proved reserves.
Figure 6 shows the effect of the matrix permeability on the recovery factor in the SRV region.
Scott Robertson, Central North Sea Area Manager at OGA, said The work product delivered by Belltree has helped us to produce our benchmarking report on oilfield recovery factor, which we've published today.
The Russian oil firm is expected to put forward its suggestions about increasing recovery factor in Aban and Paydar Gharb oilfields Iran shares with Iraq after conducting its investigations.
where [Fi.sub.max] and [Fi.sub.min] are the maximum and minimum values of a recovery factor i, [W.sub.i] is the Weight Value of the specific factor, [c.sub.2] is speed of increasing recovery complexity and [c.sub.1] is a correcting constant.
The recovery factor of Case 4 is 78%, which is improved by 32% compared with Case 1.
However, not all trees could be successfully pattern-matched, and subsequently seven trees were excluded from the analysis to determine if a relationship exists between recovery factor and length of time standing dead (see Table 1).
He recalled that the President of Kazakhstan instructed the Government to implement technological policies increasing the oil recovery factor by no less than 5-7% from the current 30%.
There are reservoir damages by water incursions and a very low recovery factor in fields surrounded by limestone rocks with high permeability.
"The real challenge of the Adco concession is that the objectives given by Abu Dhabi is to reach a recovery factor of 70 per cent of all the reservoirs and we have to put into place to enhance our recovery methods to be able to achieve the 70 per cent recovery factor."