The use of enhanced recovery by an oil company
A)primarily depends upon the current market price of oil.
B)is usually more cost effective than recovering oil using secondary recovery.
C)has not yet been used because oil reserves remain abundant.
D)is now routine,as every bit of oil is extracted from all available wells.

Question

Quizplus · Accepted Answer

Enhanced recovery methods are often considered and implemented based on the economic viability, which is significantly influenced by the current market price of oil. If the price of oil is high, the additional costs associated with enhanced recovery methods can be justified by the increased revenue from the additional oil produced.

The Use of Enhanced Recovery by an Oil Company