1955 Edition of Oil and Term Paper

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One format suggests that it is necessary to divide the reservoir into as many smaller volumes as possible, with each having a unique solution; then, using porosity/permeability, pressure, and water saturation try to predict recovery over time. We can use Darcy's Law to do this because it describes the flow of a fluid through a porous medium (rock): Darcy's law is a simple proportional relationship between the instantaneous discharge rate through a porous medium, the viscosity of the fluid and the pressure drop over a given distance.

Once the viability of recoverable of the material is justified, there are several ways to increase the recovery yield:

Injecting water or gas into strata to recover additional oil -- use CO2, natural gas or nitrogen which displaces oil and makes it more permeable

Chemical injection -- usually alkaline or polymers

Microbial injection -- expensive but effective

Reserves of oil are somewhat fixed based on the geological functions of the earth.

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Additionally, investments in oil extraction are dependent upon provable reserves. It is a matter of statistical analysis; 90% of above is reasonable and can be commercially recoverable, whether developed or undeveloped. If unproved, over 50% probably and over 10% possible. This, of course, is based on the economics of supply and demand, and our ability to effectively and productively extract from a variety of environment….....

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