Women Who Shine: Q&A with Margareth Ovrum
Furthermore, technology is the key to increase recovery, and Statoil works every single day to increase the recovery rate of our fields. We aim at increasing oil recovery throughout the whole value chain – from reservoir to platform. We have a large toolbox containing many different tools that can be used together or individually, such as improved reservoir models; drilling precise wells; water and gas injection; 4D seismic; permanent reservoir monitoring; and multilateral wells.
The enhancement of subsea technology forms an important part of increased recovery on our subsea fields. The compression of gas on the seabed is something completely new – and an efficient tool for increased recovery.
Overall, about 3,000 people in Statoil are working on projects every single day to extract the maximum from our fields. We have 300 on-going projects aimed at increasing recovery from our fields, and we have increased the average recovery rate from our fields from 30 percent in the original plans submitted to the authorities (Plan for Development and Operation - PDO) to an average of 50 percent. This is equivalent to 7.5 billion barrels of oil.
On average, only about 35 percent of the oil present internationally is recovered. So 50 percent is something we are proud of and will build further upon.
There are several reasons why we manage to recover so much. For many years, Statoil has developed, tested and adopted new technology to increase the recovery from our fields. Half of all our research efforts (50 percent of NOK 2.8 billion in 2012) are aimed at increasing recovery. We have worked together with our partners, the academic community and the supplier industry to achieve increased recovery, while demanding authorities and partners have pushed us even further.
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