Page 35 - Primer on Enhanced Oil Recovery

26 Primer on Enhanced Oil Recovery

As in any enterprise, the economic factor has become dominant and the priority
of obtaining optimal profit. Thus, modeling in most cases required to focus on the
economic component of the oil recovery coefficient RF recovery factor.
All oil and gas companies have an interest in development of enhanced oil
recovery methods. Well focused research is being conducted which is aimed at
finding a scientifically based approach to choosing the most efficient field develop-
ment technologies.

2.4.1 Regulatory bodies and frameworks

PRMS Petroleum Resources Management System. Hydrocarbon Reserves and
Resources Management System
SPE Society of Petroleum Engineers. Classification of the Society of Petroleum
Engineers
WPC World Petroleum Council
World Petroleum Congress
AAPG American Association of Petroleum Geologists
SPEE Society of Petroleum Evaluation Engineers.
SEC Securities and Exchange Commission
UNFC United Nations Framework Classification
SORN United Kingdom Statement of Recommended Practice
CSA Canadian Security Administrators
Russian Ministry of Natural Resources
PRO China Petroleum Reserves Office
NPD Norwegian Petroleum Directorate
USGS United States Geological Survey
For more information please refer to SPE Oil and Gas Reserves Committee “Mapping”
Subcommittee Final Report (October 2005) at http://www.spe.org/spe/jsp/basic/
0,1104_4544118,00.html