“To the best of my knowledge, FOROIL technology for improving the production and reserves of mature fields has no direct competitor in the oil & gas market”
Executive Chairman, TULIP OIL
The San Francisco field was discovered in 1985. It is located 20 km northwest of the city of Neiva in the Upper Madgalena basin (Colombia), and produces at a depth of 3,000 ft. It was operated by HOCOL, a subsidiary of ECOPETROL.
FOROIL has used its massive optimization process for HOCOL in two phases:
After modeling the field, FOROIL computed 400,000 field development plans and identified:
Hexagons are proportional to the change of water injection with respect to the baseline (blue=increase, red=decrease). The seven conversions appear as solid-circled hexagons.