Reservoir Rediscovery Solutions

Increasing NPV 300%

Halliburton specializes in applying secondary, improved and enhanced oil recovery techniques to extend and, for a period of time, reverse the decline curve.

In one field, a client had 80 percent of the hydrocarbon resource still in place, but pressure had dropped to one-third of its original level. The client asked Halliburton to evaluate waterflooding to increase production and extend reservoir life.

The customer was prepared to spend approximately $100 million USD on the project. Using numerical algorithms and stochastic analysis, Halliburton determined that the original water-flooding plan was not the optimal solution. An alternative chemical enhanced-oil-recovery plan could increase NPV approximately 300% compared to the base case.

Reservoir Rediscovery Solutions Graph

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