Ecuador state E&P operator Petroamazonas will invite firms specialized in enhanced oil recovery (EOR), according to company manager Oswaldo Madrid.
The aim is to increase production at 14 of 65 Petroamazonas operated fields, local paper El Comercio quoted the executive as saying.
The firms will be paid a tariff for each additional barrel produced using these improved techniques. The goal is to improve recovery to 38% from 34% which implies an additional 400Mb, highlights the report...
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