ultimate recovery

ultimate recovery

[′əl·tə·mət ri′kəv·ə·rē]
(petroleum engineering)
Estimated total (ultimate) recovery of hydrocarbon fluids expected from a reservoir during its productive lifetime.
References in classic literature ?
Turnbull was sent for; but when he heard what had passed, he said this complete restoration, though only temporary, was a hopeful sign, proving that there was no permanent lesion to prevent ultimate recovery.
The same conviction had stricken him as me, from the instant he beheld her, that there was no prospect of ultimate recovery there - she was fated, sure to die.
Bertram has a bad chance of ultimate recovery. I thought little of his illness at first.
Chazen says a well of this sort typically costs around $3 million and has an estimated ultimate recovery of 400,000-500,000 barrels of oil equivalent per day (boepd).
Will Gray II, chairman and CEO, the approximate estimated ultimate recovery for Abo wells is 200-250 MBOE.
The estimates on ultimate recovery per well are based on the reserve report dated May 1, 2018 prepared by Cawley, Gillespie & Associates (CGA), an independent petroleum engineering firm.
The company said that proved reserves increased in the Marcellus shale play as a result of wells drilled in 2010, continued improvement in the estimated ultimate recovery (EUR) per Marcellus well and an increase in the projected number of Marcellus wells to be drilled over the next five years.
Based on results of the 30-day oil flow tests from these exploration wells, the Companys estimated ultimate recovery (EUR) per well is approximately 105,000 barrels of oil equivalent (BOE) in the West Blackland field and 63,000 BOE in the South Blackland field.
In locations where the geology has led to large potential deposits, uplift and the faulted structure of the basins are detrimental to its ultimate recovery. Yet, the only question that has been addressed to date is how large the shale resource is in the UK.
This fit-for-purpose subsea boosting system will improve TAQAs ultimate recovery from an existing asset, through a capital-efficient long tieback, said Mike Garding, president, OneSubsea, Schlumberger.
The Browse Basin contains extensive petroleum resources, with discovered ultimate recovery of hydrocarbons totalling over 1 billion barrels of oil and condensate, 34 Tcf of gas and 350 million barrels of LPG within the Icthys, Poseidon, Brecknock/Calliance/Torosa, Prelude, Argus, Cornea, Crown, Crux and Gwydion fields.

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