Feasibility Study of Heavy Oil Field

Abstract

In this study, application of different enhanced tertiary oil recovery methods were applied considering fluid properties and reservoir characteristics of the heavy oil field. Effect of different oil and inflation rates were analyzed considering project economic life, pay out time, cash flow, and profit to investment ratio for steam flooding and CO₂ methods. CO₂ injection is found to be more profitable than the steam injection due to the high cost of steam injection operations and reservoir depth.

Keywords:

• enhanced oil recovery
• heavy oil
• in situ combustion
• models
• predictive
• steam