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What is the "Upstream Oil and Gas" sector?

The Upstream Oil and Gas sector is one of the three primary sectors in the oil and natural gas industry which includes the following three major segments:

The Upstream Oil and Gas segment is a term that refers to the searching, drilling and production of crude oil and natural gas. The Upstream Oil and Gas segment is also known as the "exploration and production" or "E&P" segment.

The Upstream Oil and Gas segment includes; exploring for potential underground (or underwater) oil and natural gas fields (or reservoirs), drilling of exploratory wells, and operating/producing the oil and natural gas wells that "pay" with crude oil and/or natural gas.


Fact
:  America has more oil and natural gas than all of the middle-east countries combined! 

Question:  Why do we continue shipping America's jobs overseas via our purchases of ANY foreign oil - particularly oil from OPEC or middle-east countries as well as America's other energy requirements such as solar PV panels from China?!?

 


Oil and Natural Gas

BOP Stack  Blowout Preventers  *  Drilling and Completion  * 
Enhanced Oil Recovery

Exploration and Production  *  Oil Well Control  *  Snubbing Unit  Upstream Oil and Gas




For Advertising, Business Development, Marketing
or Sales solutions, call or email:

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marketing@OilAndNaturalGas.net

 

 

 




 



 

 


 


Oil and Natural Gas

BOP Stack  Blowout Preventers  *  Drilling and Completion  * 
Enhanced Oil Recovery

Exploration and Production  *  Oil Well Control  *  Snubbing Unit  Upstream Oil and Gas




 

What is Enhanced Oil Recovery?

Enhanced Oil Recovery, or "EOR," also referred to as tertiary recovery or tertiary oil recovery, is the 3rd and final stage of oil recovery. 

When an oil well is first completed and oil production begins, this is called the primary oil recovery stage. Anywhere from 5% to 15% of the "original oil in place" (OOIP) in the oil well's reservoir is recovered via "natural" reservoir drive, meaning natural forces drive or displace the oil into the production well's well bore.  

The secondary oil recovery stage is where additional production measures are installed wherein anywhere from 10% to 30% of the original oil in place is recovered. 

When the secondary oil recovery stage is complete - and ready for Enhanced Oil Recovery - 55% to 85% of the original oil in place remains. 

The Department of Energy and many industry experts are on record in stating that Enhanced Oil Recovery has the potential to recover up to 60% of the remaining 55% to 85% - which means that Enhanced Oil Recovery has the potential to recover up 300 Billion barrels of oil.  At $100/bbl, Enhanced Oil Recovery represents a $30 Trillion market opportunity (in the U.S.A.).

* EOR Technologies is a new company that is presently being formed by a top EOR engineer and EOR Professor at one of the top-ranked Petroleum Engineering schools and an energy professional with 25 years experience & MBA.


Two recent studies document the explosive growth in the 
Enhanced Oil Recovery
market
:


1.  Enhanced Oil Recovery Market Valued at $126.02 Billion/year (2012) with Gas EOR and CO2-EOR technologies leading the Growth for the EOR Industry


http://www.marketwired.com/press-release/enhanced-oil-recovery-market-valued-at-12602-billion-gas-co2-leads-growth-sbi-energy-1678405.htm


2.  Global revenues from Enhanced Oil Recovery production now exceed one trillion dollars/year. According to a recent report from energy research publisher SBI, the market for worldwide Enhanced Oil Recovery production will reach $1.3 trillion/year by 2015.

http://www.sbireports.com/about/release.asp?id=2863

 

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American Energy Plan sm
www.
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Energy Investment Banking
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Enhanced Oil Recovery
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“spending hundreds and hundreds and hundreds of billions of dollars every year for oil, much of it from the Middle East, is just about the single stupidest thing that modern society could possibly do.  It’s very difficult to think of anything more idiotic than that.” 
~ R. James Woolsey, Jr., former Director of the CIA

Price of Addiction
###
to Foreign Oil

According to R. James Woolsey, for Director of the Central Intelligence Agency, “The basic insight is to realize that global warming, the geopolitics of oil, and warfare in the Persian Gulf are not separate problems — they are aspects of a single problem, the West’s dependence on oil.”  

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