*Reservoir LIFE Extension Program - part 6Measures of Success

Measures of Success


• Stabilization of the rate of oil and gas well abandonments per year, respectively.
  
• Matching or exceeding the all-time historical record of the rate of enhanced oil recovery by the year 2005 (from the record 761,000 barrels per day in 1992).
  
• Arrest of overall decline in oil production by the year 2005.
  
• Production of new gas resources and additional gas from mature reserves.
  
• Increased use of program products by industry, particularly by independent oil and gas producers.
  
• Increased participation of
  oil and gas producers in technology transfer seminars and topical workshops.
  
• Establishment of a well-functioning regional network of PTTC resource centers will full support, and eventually, full funding by industry.

Technology transfer includes: technical assistance to solve a specific problem; training in advanced equipment, techniques, and processes; use of costly or unique facilities; access to patents and software; exchange of personnel; and cooperative research. Regardless of its form, technology transfer is the guiding strategy for the Reservoir Life Extension Program.

The ongoing Reservoir Class Program originally consisted of 32 projects in 14states. Of these 32 projects, nine have been completed, three were stopped before completion, and 20 are ongoing. A new solicitation for the Reservoir Class Revisit is expected to fund 10 to 20 new projects that are smaller, have shorter periods of performance (3 to 5 years), and have higher industry cost-share percentages (up to 90 percent).

*Office of Natural Gas and Petroleum Technology (4.1 - 4.20)