Title: CO2 for Enhanced Oil Recovery Could Add £2.7 Billion to Scotland's Economy

A report released recently by a Scottish government agency concluded that using carbon dioxide for enhanced oil recovery (CO2-EOR) could generate as much as £2.7 billion ($4.3 billion) for the country’s economy. The report, commissioned by Scottish Enterprise, identified 19 oilfields on the U.K. continental shelf with a combined potential incremental oil recovery of 2.5 billion barrels of oil. If CO2 was used to recover one billion barrels of that potential, it would bring £2.7 billion to the economy in terms of jobs and added investments as compared to a scenario where the oilfields would be simply decommissioned.

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   Application Sequencing
Company  Product  Process  Other  Subjects  Event  Event  Date  Location  Publication  Publication  Date Text  Descriptor

  • McIlvaine

  • CO2

  • Oil

 

  • Market

  • Monitoring

 

 

  • Scotland

 

 

 

  • Article