A ground-breaking energy industry research project aimed at addressing the key challenge of enhancing oil recovery from reservoirs has been launched.
The €4million project (approx. £3.4 million) is a pioneering collaboration by Lloyd’s Register Energy, Senergy, the Danish Technical University and Welltec.
It is being funded by the Danish National Advanced Technology Foundation and will focus on optimising oil production from horizontal wells.
Entitled Project OPTION, the initiative aims to align existing reservoir simulation models with high-performance inflow and wellbore flow simulators. Lloyd's Register Consulting and Senergy will provide improved reservoir modelling techniques, which will be critical to the development of the next generation of industry software technologies. The increased understanding of the interface between reservoir and well performance will improve well and completion design to enhance productivity and oil recovery.