Issue Date: July 16, 2007
Chevron, U Of Texas Join On The Oil Field
Chevron has formed a research alliance with the University of Texas, Austin, to develop enhanced oil-recovery technologies. Under the agreement, Chevron Energy Technology will pay up to $5 million over the next five years to the university's Center for Petroleum & Geosystems Engineering. The venture will focus on nonthermal enhanced oil-recovery technologies, including surfactants and polymers that target trapped reserves and those bypassed in normal extraction methods. The partners will also develop numerical models for simulating enhanced oil-recovery processes.
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