Presentations

A brief introduction to the key capital budgeting financial metrics used in evaluating projects, how those rules can be used to allocate scarce capital to the highest value projects, and a guided discussion with attendees on how these concepts apply to evaluating EOR projects.

Ash Minnelusa Unit Conclusions

• Monitor, monitor, monitor. Make changes based upon reservoir response.
• Improved understanding of the problem improves process application and results
• Volumetric sweep (gels) should be applied before mobility control
• Implement gel processes early for maximum benefits
• Incremental oil expected to exceed 400,000 BBLS (18.4%%5 OOIP) for $0.88/BBL
• Field experience is critical with gel processes. Experience at Ash can be applied to other reservoirs