As the era of easily accessible crude oil is coming to an end, Middle Eastern oil and gas producers are now focusing on developing unconventional resources to maintain current production output and meet the always-increasing demand for energy.
To produce more heavy oil, Oman and Kuwait are increasingly adopting Enhanced Oil Recovery (EOR) techniques to facilitate heavy oil extraction and boost well productivity by up to 300%. These methods include gas and chemical injection, as well as thermal recovery.
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Headline crude prices for the week beginning 12 November 2018 – Brent: US$71/b; WTI: US$60/b
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