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Strong demand for oil in coming decades
70 % of world oil production past peak production
Recovery rates only 30 – 35 %
Recovery rates improvements: 5 – 20 %
1 % increased recovery factor add 20 - 30 million barrels
Stop the decline of producing fields |
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Petrologic, LLC. has completed in January of 2009 the formal supply chain of the enzyme technology for Increased Oil Production and Enhanced Oil Recovery. This has been achieved by establishing a strong contractual relationship with BTT, LLC in Houston, USA. |
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