A tender will be issued later this year for early studies to define the concept for the scheme, initially planned to involve between 200 and 300 wells, according to sources.
These studies will form the basis for a development plan to be submitted to the government in 2015.
By using waterflooding as a secondary recovery technique, Medco boosted oil recovery from the fields to 39%, up from an average recovery rate of 30%.
The
