Projected growth in tight oil v EOR production

Wednesday, February 15th, 2012 Statistic of the Day

Faster growth in tight oil production in AEO2012 offsets slower growth in enhanced oil recovery (EOR) production, as the economics of tight oil plays are more favorable than the economics of CO2-EOR projects. In addition, the quantity of CO2 available in 2035 from planned CTL plants necessary for CO2-EOR production is 52 percent lower in AEO2012 than was projected in AEO2011, due to a reduction in the number of CTL projects expected in AEO2012. Consequently, CO2-EOR in AEO2012 accounts for 11 percent of cumulative lower 48 onshore oil production from 2010 to 2035, as compared with 21 percent in AEO2011.

Source:  EIA AEO2012 Early Release Overview

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