There are vast reserves of conventional oil deposits below our feet that have only been partially tapped. These deposits may have been discovered as long as 50 years ago, but their wells were capped when reduced recovery rates no longer made them cost-efficient. Now, however, recent advances in oil production and recovery technology can make those old, supposedly played-out wells vibrant producers again. The challenge is finding and utilizing the correct – and most cost-effective – technology to retrieve these heretofore hard-to-reach oil deposits.
Fluid Dynamics Inc.
- Website: www.fluiddynamics.com/