A consortium dedicated to enhanced oil recovery (EOR) in the North Sea has met for the first time to discuss its plan of action.
The $5.3million project (Optimizing Oil Production by Novel Technology Integration), funded by the Danish InnovationsFonden, is a collaboration by Lloyd’s Register (LR) Energy, LR Senergy, the Technical University of Denmark and Aberdeen-based Welltec.
Sixteen members of the consortium convened in Denmark to discuss the strategy for the integration and optimisation of reservoir and horizontal well simulation models.
“The consortium represents a key step forward for Option by bringing together expertise from a diverse range of specialist fields and producing a strategy with clear lines of action,” said Claus Myllerup, senior vice president of energy technology at LR Energy.
“As part of this, LR Consulting and LR Senergy will provide improved reservoir modelling techniques which will be critical to the development of the next generation of industry software technologies.
“These techniques will enhance our ability to understand the critical interface between reservoir inflow and well performance, ultimately improving our decision-making and well design with a focus on enhancing both productivity and reserves.”
Option’s key objective is the improvement of multiphase flow modelling from well to separation unit to enable optimisation of subsea production equipment, Myllerup added.
The event also marked Senergy becoming part of the LR Group, following an acquisition in September last year.
Senergy will continue to operate as an independent company until 2016 before it is fully acquired by Lloyd’s Register.
“As a consortium venture, Option is an extremely fitting initiative to represent the first major step in our collaboration with LR,” said Alasdair Buchanan, chief operating officer at LR Senergy.
“Together with LR and the other Option partners, we look forward to helping create a major step change in improving decision-making and enhancing recovery factors.”