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Feasibility study of heavy oil field

2008-01-01
Kök, Mustafa Verşan
VARDAR ACAR, CEREN
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.