Technological development of E&P companies in developing countries: An integrative approach to define and prioritize customized elements of technological capability in EOR

Sina Tarighi and Saeed Shavvalpour

Resources Policy, 2021, vol. 72, issue C

Abstract: The present study focuses on the Technological Capability development of Exploration and Production companies of developing countries in Enhanced Oil Recovery. EOR is one of the most important issues that the Oil industry faces, and improving TC of oil-rich developing countries which have large oil and gas reserves is of great importance to the future of the world's energy. Some new approaches were used in this study to raise the practicality of the research: Elements of TC were extracted in a customized way using Thematic Analysis and integration of TC and EOR functions and then, as for resource constraints of developing countries for managing technological change, the customized elements were prioritized using the fuzzy AHP method. Upstream oil experts of Iran were used since Iran, as a developing oil-producing country with large oil and gas resources and long history in the oil industry, is considered as a perfect case for this research. The priorities showed the following are the most essential elements of improving TC in the EOR sector: training, the expertise of geophysics specialists and reservoir engineers, environmental considerations, R&D in designing the best method of EOR, governmental policies and incentives, linkage with suppliers and global value chain of oil, geological and reservoir data processing ability, suitable seismic equipment, reservoir and production engineering knowledge stock, and inward technology and knowledge transfer.

Keywords: Technological capability; Customized elements; EOR; Technological development; Upstream Oil industry (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:eee:jrpoli:v:72:y:2021:i:c:s0301420721000684

DOI: 10.1016/j.resourpol.2021.102051

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