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PH Petro sees big Oman oil gain

Muscat, March 7, 2012

PH Petro, an integrated enhanced oil recovery (EOR) company headquartered in Singapore, said its recently completed single-well test project for Oman’s Daleel Petroleum has delivered an impressive 134 per cent incremental oil gain.

Daleel Petroleum is a joint venture between Mazoon Petrogas and Mazoon Petrogas BVI. It explores, appraises and processes hydrocarbon reserves in Oman’s Block 5 onshore field southwest of Muscat.

This project marks the debut of SUR+ (Surfactant Plus) in the Middle East and PH Petro’s first foray into the Arab markets, said a senior official.

'Our test for Daleel has proven that our technology can increase oil recovery at a reasonable cost and in a very practical manner. This is a strong start to our Mideastern operations and we look forward to becoming the EOR provider of choice to some of the top projects,' remarked Fairuzz Nasron, the president and Group CEO, PH Petro.

PH Petro, he said, undertakes EOR projects in South East Asia from concept to completion and SUR+ has been field tested in more than 18 fields and 50 wells in various producing formation.

The recently completed project gauges the effectiveness of PH Petro’s surfactant technology in improving oil recovery at a Daleel producer well, he added.

PH Petro’s SUR+ technology delivered 5,785 barrels of cumulative oil exceeding baseline forecast by 3,171 barrels of oil. Due to the favorable result, evaluation efforts are now underway to extend the EOR pilot flooding to cover several injectors and a few more IOR (improved oil recovery) at producer wells, said Nasron.

The field implementation is forecasted to deliver incremental gain of between 100 to 300 per cent, he added.-TradeArabia News Service




Tags: Oman | Singapore | oil well | gain | PH Petro | Daleel Petroleum Company |

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