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U.S. Department of Energy to Invest $30 Million to Boost Unconventional Oil and Natural Gas Recovery
Source: Smart Grid Observer
The U.S. 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 (FE’s) Advanced Technology Solutions for Unconventional Oil and Gas Development funding opportunity, will address critical gaps in our 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 barrels per day of current production, such as the Tuscaloosa Marine Shale and the Huron Shale.
All six projects represent a component of DOE’s portfolio to advance the economic viability and environmentally sound development of domestic UOG resources and support ongoing programmatic efforts in both onshore and offshore UOG research. These efforts include (1) improving understanding of the processes involved in resource development; (2) advancing technologies and engineering practices to ensure these resources are developed efficiently with minimal environmental impact and risk; and (3) increasing the supply of U.S. oil and natural gas resources to enhance national energy dominance and security.
For details on the six projects, click here
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