Department of Energy Announces Two Funding Opportunities for Improving Oil Recovery Capabilities
Jan 18, 2019
The Department of Energy recently announced $88 million in funding available for two projects aimed at improving the technologies used for oil and natural gas recovery. The projects will be managed under two separate funding opportunity announcements by the National Energy Technology Laboratory.
“Technology and innovation gave us the shale revolution that’s transformed the energy landscape here in America and around the world,” said U.S. Secretary of Energy Rick Perry. “This research and development will allow us to continue building on those successes and expand the advancement of both our conventional and unconventional oil and gas resources.”
The first funding opportunity, found under DE-FOA-0001988, is titled “Advanced Technologies for Enhanced Oil Recovery.” This FOA is for $44 million and focuses on reducing technical risks associated with enhanced oil recovery (EOR) and expanding the application of EOR methods onshore, both in conventional and unconventional reservoirs. Projects under this FOA will also strive to increase the knowledge and understanding of unconventional reservoirs and improve recovery factors for these plays. Approximately six projects will be selected under this FOA. Concept papers must be submitted by Friday, January 25.
The second funding opportunity, found under DE-FOA-0001990, is titled Advanced Technologies for Recovery of Unconventional Oil & Gas Resources. Projects selected under this FOA will improve the characterization of emerging unconventional plays and the ultimate recovery of oil and gas resources from unconventional reservoirs, which are vital to increasing domestic energy production and achieving energy dominance. All applications to this FOA are due by February 25.
For further information on DE-FOA-0001988, “Advanced Technologies for Enhanced Oil Recovery,” and to submit a concept paper, click here: https://www.fedconnect.net/FedConnect/default.aspx?ReturnUrl=%2fFedConnect%2f%3fdoc%3dDE-FOA-0001988%26agency%3dDOE&doc=DE-FOA-0001988&agency=DOE
For further information on DE-FOA-0001990, “Advanced Technologies for Recovery of Unconventional Oil & Gas Resources,” and to submit an application, click here: https://www.fedconnect.net/FedConnect/default.aspx?ReturnUrl=%2fFedConnect%2f%3fdoc%3dDE-FOA-0001990%26agency%3dDOE&doc=DE-FOA-0001990&agency=DOE