Home > News > Nanotechnology seen boosting recovery factors
April 11th, 2009
Nanotechnology seen boosting recovery factors
Abstract:
Nanotechnology, the control of matter on the atomic and molecular scale, might someday boost the average global recovery factor of oil and gas by 10 percentage points, said an oil company executive at the RMI Oilfield Breakfast Forum in Houston Apr. 8.
Paul Ching, chairman, chief executive officer, and president of Meridian Resource Corp., Houston, described nanotechnology research conducted by the Advanced Energy Consortium (AEC) at the University of Texas at Austin, where he is executive advisor.
Ching said nanosensors have the potential to assess rock and fluid properties from inside the pore spaces of reservoirs.
He estimated the possible gain in average recovery factor, which he put at 28-30% now, in response to a question. Responding to another question, he estimated that commercial use of downhole nanosensors might begin in 5-10 years.
Research in the use of nanotechnology in the oil and gas industry is more advanced for materials and fluids, he noted, predicting an "explosion" in application of the technology in those areas in the next 5 years.
Source:
ogj.com
Bookmark:
| Related News Press |
News and information
Simulating magnetization in a Heisenberg quantum spin chain April 5th, 2024
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Possible Futures
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
With VECSELs towards the quantum internet Fraunhofer: IAF achieves record output power with VECSEL for quantum frequency converters April 5th, 2024
Sensors
Announcements
NRL charters Navy’s quantum inertial navigation path to reduce drift April 5th, 2024
Discovery points path to flash-like memory for storing qubits: Rice find could hasten development of nonvolatile quantum memory April 5th, 2024
Energy
Development of zinc oxide nanopagoda array photoelectrode: photoelectrochemical water-splitting hydrogen production January 12th, 2024
Shedding light on unique conduction mechanisms in a new type of perovskite oxide November 17th, 2023
Inverted perovskite solar cell breaks 25% efficiency record: Researchers improve cell efficiency using a combination of molecules to address different November 17th, 2023
The efficient perovskite cells with a structured anti-reflective layer – another step towards commercialization on a wider scale October 6th, 2023
Events/Classes
Researchers demonstrate co-propagation of quantum and classical signals: Study shows that quantum encryption can be implemented in existing fiber networks January 20th, 2023
 |
||
 |
||
| The latest news from around the world, FREE | ||
 |
||
|
|
||
| Premium Products | ||
 |
||
|
Only the news you want to read!
Learn More |
||
 |
||
|
Full-service, expert consulting
Learn More |
||
|
|
||