Dong Energy has agreed to support the joint industry project Optimizing Oil Production by Novel Technology Integration (OPTION), which aims to tackle the challenges of oil recovery from reservoirs.

As part of its investment in the €3.9m project, Dong Energy is set to contribute with the complete subsurface dataset from the Siri and Stine fields in the Danish sector of the North Sea.

As a partner, the company will deliver data and technical support to strengthen the project’s scope, and ensure proficient analysis and integration of the dataset.

OPTION’s primary focus is to improve oil recovery and aims at enhancing simulation tools for prediction and control of flow between the horizontal wells and reservoir.

"By applying real reservoir data, Dong Energy’s contribution is reinforcing the expected benefits and value of OPTION."

Dong Energy subsurface manager of Siri Asset Dr Michael Kragh Engkilde said: "With our ambition to extend the life of the Siri Area, we are continually investigating opportunities for enhancing production.

"The knowledge exchange with the other industry partners and academia in OPTION could be central to our further development work to improve recovery performance."

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Located in block 5604 / 20 in the north-western part of the Danish sector of the North Sea, 220km from the coast, the Siri field lies at a depth of 2,070m in Palaeocene sandstone and has recoverable reserves of 60 million barrels.

The licences for the field are owned by Dong Energy (50%), Altinex (20%) and Talisman (30%).

Acting as a link between industry and academia, the joint industry project helps to progress research exploitation and knowledge transfer.

Partners in the project include Lloyd’s Register Energy, and its consulting business Lloyd’s Register Consulting. In addition to LR Senergy, Welltec, DONG Energy, the Technical University of Denmark (DTU), and the University of Copenhagen.

The project is backed by a €2m grant from the Innovation Fund Denmark.

OPTION steering committee chairman Dr Kenny Krogh Nielsen said: "Dong Energy’s participation marks a decisive step for OPTION.

"By applying real reservoir data, Dong Energy’s contribution is reinforcing the expected benefits and value of OPTION, and will help bridge the gap between theory and practise."