Our Innovation Analysts recently looked into emerging technologies and up-and-coming startups working on innovative solutions for the energy industry. As there is a large number of startups working on a wide variety of solutions, we want to share our insights with you. This time, you will discover 5 promising enhanced oil recovery solutions.
Heat Map: 5 Top Enhanced Oil Recovery Solutions
Using the StartUs Insights Discovery Platform, covering 1.379.000+ startups & scaleups globally, we looked at innovation in the field of oil & gas recovery. For this research, we identified 164 relevant solutions and picked 5 to showcase below. These companies were chosen based on a data-driven startup scouting approach, taking into account factors such as location, founding year, and relevance of technology, among others. Depending on your specific criteria, the top picks might look entirely different.
The Global Startup Heat Map below highlights 5 startups & scaleups developing EOR solutions. Moreover, the Heat Map reveals regions that observe a high startup activity and illustrates the geographic distribution of all 164 companies we analyzed for this specific topic.
Vanguard-EOR – Gas Injection-Based EOR
Gas injection is a technique used in EOR to re-pressurize depleted reservoirs, induce the flow of oil towards production wells, and achieve higher ultimate recovery. This EOR technique is typically employed in both conventional & unconventional reservoirs. Advancements in gas injection EOR include water alternating gas (WAG) and simultaneous water alternating gas injection (SWAG), as well as polymer water alternating gas (PWAG) injection, and the development of carbon dioxide (CO2) gas membrane separation technology. Oil & gas startups are also developing field applications of immiscible gas‐assisted gravity drainage (GAGD).
Vanguard-EOR is a US-based scaleup offering enhanced oil recovery technologies and services. The scaleup uses its proprietary multi-lateral jetting technologies to significantly increase oil and gas production from marginal, under-performing, or shut-in wells. Further, Vanguard-EOR’s proprietary stimulation fluids enable extended reach displacement. Vanguard’s EOR fluid incorporates a CO2 propagation formula and artificially recreates optimal reservoir pressure to improve oil flow.