Uzma Bhd managing director and CEO Datuk Kamarul Muhamed
KUALA LUMPUR: Uzma Bhd
will be participating in Petronas’s first Joint Industry Project Agreement (JIP) to develop best-in-class work flows and methodology for simulating field-wide carbon dioxide enhanced oil recovery (CO2 EOR) projects.
In a filing with Bursa Malaysia, Uzma said the JIP collaboration with Heriot-Watt University, Petronas Research Sdn Bhd and Institute of Technology Petronas Sdn Bhd marked its first official large-scale venture into a new area of research and development (R & D).
The R & D project will be spearheaded by renowned Professor Kenneth Sorbie of Heriot-Watt University and supported by a team of researchers from the university and Petronas Research with Uzma being the Malaysian oil and gas (O & G) industry’s sole participant. (Uzma provides O & G upstream services.)
Uzma said the study would be carried out over the next three years and the project focus would be on minimising uncertainties affecting the predictions of hydrocarbon recovery, as well as, supporting the simulation studies through the acquisition of key physical data.
On completion, the results, learnings and methods obtained would be applied to real field scenarios using data supplied by Uzma and Petronas.
Uzma chief executive officer, Datuk Kamarul Redzuan Muhamed, said the company was proud to be part of the JIP as the collaboration would pave the way for the development of new EOR technologies to further increase the recovery rates of brownfields.
“The results of the research will better equip the O & G industry players with improved methods for CO2 injection modelling for future EOR projects, both regionally and worldwide.
“We at Uzma have always focused on R & D of new technologies with real world applications, for example, our uzmAPRES solution which has been very successful in increasing recovery rates of old reservoirs,” he added. - Bernama
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