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Occidental to Develop Major New Permian Basin CO2 Enhanced Oil Recovery Project

Posted on July 01, 2008

Occidental Petroleum Corporation and SandRidge Energy will develop a $1.1 billion West Texas hydrocarbon gas processing plant and related pipeline infrastructure that will provide carbon dioxide (CO2) for use in Oxy s enhanced oil recovery (EOR) projects. The new CO2 resources are expected to expand Oxy s Permian production by a minimum of 50,000 barrels of oil per day within the next five years.Oxy says that it is the largest user of CO2 injection for EOR in the world. Approximately 60 percent of Oxy s current Permian Basin oil production is from fields that actively employ the applicat...

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battery , carbon dioxide