Oil's "low hanging fruit": massive quantities of stranded, residual oil in existing oil fields

Source: Wavefront Technology Solutions, Inc.

Typically roughly one third of the oil in a given field is extracted. That's because extracting the other 70% out of the ground becomes more challenging as the pressure that pushes the oil to the wellhead declines as the field produces. According to the U.S. Department of Energy, abandoned U.S. oil fields are estimated to contain a staggering 400 billion barrels of residual oil. Worldwide, the estimate is probably in the trillions of barrels. New extraction techniques from Wavefront Technology Solutions can substantially and profitably boost the recovery rates.

Recovering the other 70%

Wavefront Technology Solutions Inc. is the world leader in providing innovative fluid flow solutions for increasing ultimate oil recovery. Wavefront's patented Powerwave process is an injection technology that improves the flow of fluids in geological materials including sedimentary soils and fractured rock. These materials are composed of a solid matrix and pore structure, which contain fluids such as oil and gas. These fluids move through pore networks in preferential flow paths established during the formation of the reservoir

Powerwave generates a fluid pressure pulse that allows the injected fluid to move outside the preferential flow path. The pressure pulses moves fluid into and out of a larger number of pore networks, thereby obtaining a more uniform injection front and resulting in increased oil production and recovery.

Powerwave works to improve oil recovery by optimizing the performance of existing methods such as chemical EOR technologies, liquid CO2 injection, water injection, and surfactant / polymer flooding. When effectively implemented, Powerwave is the most efficient way to accelerate fluid flow and disperse liquids through oil-bearing geological material.

By using Powerwave, oil producers leverage a profitable, effective advantage including: Greater ultimate recovery with prolonged field life; additional recovery in oil fields that have been largely depleted or even abandoned, increased production due to better sweep efficiency and the possibility of getting equivalent or better oil production with fewer wells.

In the words of Brett Davidson, President, CEO and Director of Wavefront Technology Solutions: "Powerwave technology consistently provides access to by-passed oil, slows the rate of production decline and adds economic value to mature assets without the need to rely solely on the drill bit to increase proven reserves."

How Powerwave Works

Powerwave creates powerful bursts of fluid (including use of existing water produced during normal oil production) to push stranded oil from underground formations so it can be pumped to the surface. While waterflooding techniques have been used for secondary oil recovery since the 1920's, Powerwave brings much higher level of efficiency to that approach.

Interestingly, the concept of Powerwave was developed after further study of why oil production rates spike following earthquakes.

Fewer New Wells with Increased Recovery from Existing Wells

What makes Powerwave revolutionary is how it increases the efficiency of existing infrastructure with minimal additions. In lieu of drilling more wells, Powerwave increases the operator's recovery factor within the frame work and equipment of their existing production systems.

As large oil deposits become increasing scarce, new technology from Wavefront Technology Solutions is being used by oil producers and countries to extract more, difficult to reach oil from existing oil wells both on land and offshore. Powerwave technology is being used today by oil companies and countries worldwide.

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