Russian production looks to technology for growth

In my discussions with non-upstream people it often filters through that they believe EOR is some get-rich-quick scheme. They are usually shocked when they find out the true cost of it all and how diverse those technologies can be. EOR is a money play. When the market carries the costs – you go there. Often, newfield development is cheaper. When both are expensive – old oil fields are stranded reserves. Some nations must learn this to their great dismay.

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