Department of Energy to Invest $30 Million To Boost Unconventional Oil and Natural Gas Recovery

SPE.org 

The US Department of Energy (DOE) has announced the selection of six projects to receive approximately $30 million in federal funding for cost-shared research and development in unconventional oil and natural gas recovery. The projects, selected under the Office of Fossil Energy's Advanced Technology Solutions for Unconventional Oil and Gas Development funding opportunity, will address critical gaps in the understanding of reservoir behavior and optimal well-completion strategies, next-generation subsurface diagnostic technologies, and advanced offshore technologies. As part of the funding opportunity announcement and at the direction of Congress, DOE solicited field projects in emerging unconventional plays with less than 50,000 B/D of current production, such as the Tuscaloosa Marine Shale and the Huron Shale. The newly selected projects will help master oil and gas development in these types of rising shales. This cement will prevent offshore spills and leakages at extreme high-temperature, high-pressure, and corrosive conditions.