Paul Johnson, energy innovation expert at PA Consulting Group, talks to the Financial Times about the need for energy producers to be inventive as the global economy’s thirst for oil shows no sign of easing.
A big target for innovation is enhanced oil recovery, where techniques include injecting chemicals, polymers and carbon dioxide that act like lubricants to boost recovery rates. Paul talks about the challenges of the sub-sea environment: “Subsea is a very difficult environment … Expectations now are to go deeper and further, and equipment has to be planted on the sea floor as opposed to building platforms above the sea.
“Some of the biggest challenges are separating fluids on the seabed, extracting water and reinjecting it into the reservoir, rather than having to bring it back to shore and treat it. But innovations are important across the whole industry, from exploration and drilling to production and getting more out of the ground.”
You can read the article in full here.