According to Propell, it will use the funds to pursue a growth and value creation strategy of acquiring domestic active oil-producing assets for secondary oil recovery
that are ideally positioned to benefit from its patent-pending plasma pulse enhanced oil recovery technology, pursue the acquisition of oil properties, apply its environmental friendly technology to its acquired fields as well as provide its Plasma Pulse as a service to third party E&P companies.
Emphasis on long-term strategies will also improve secondary oil recovery
through sustainable development in the North American market.
The usage of EOR technology will ensure the optimum exploitation of oil resources by lowering depletion rates and improving secondary oil recovery
through sustainable development while focusing on long-term profits.
BANKING AND CREDIT NEWS-February 24, 2015-NITROHEAT develops fracking and secondary oil recovery
The enlarged group will use the proceeds to grow through the purchase of domestic active oil-producing assets for secondary oil recovery
, the pair explained.
MAST), has unveiled that a second, American based, oil company has awarded MAST a USD $4,000,000 contract to evaluate our nanoparticles as a potential tracer element in their secondary oil recovery
During secondary oil recovery
process when conductive liquid is injected to oil formation area then at common interface this phenomenon of imbibition occurs.
Fractured oil reservoirs represent a challenging environment for secondary oil recovery
as it is very difficult to mobilize oil not contained within the fracture network," noted Wavefront President and CEO Brett Davidson.
The portfolio covers three high-growth segments: water desalination, industrial water treatment processes and secondary oil recovery
PEMEX director Adrian Lajous said the suspended projects include development of oil-exploration sites on the Tabasco state coast and the implementation of a system of secondary oil recovery
The company has increased its focus on drilling for oil and on secondary oil recovery
projects from waterfloods in southern Oklahoma.
For the fracking and secondary oil recovery
functions, an inventive dual action mega pressure nitrogen solution has been developed by AUTRIS through wholly owned subsidiary, NITROHEAT.