Meaning of Asset Recovery
RecoverySoft / August 10, 2018

The term ‘Asset Recovery’ has different meanings. Any attempt to bring back any asset that has been stolen or exchanged illegally is called asset recovery. However, the attempt to sell any asset that is not needed anymore may also be called investment recovery. Re-using any asset through recycled process is also known as asset recovery. To be brief, asset recovery maximizes the value of a resource. There are three main parts of investment recovery. They are idle resource identification, redeployment and divestment. Idle resource identification comes first as far as asset recovery is concerned. It is a fact that nothing can last forever. After a certain period of time, objectivity of an asset comes to an end. Keeping such resource does not provide the client with any positive result. Instead, the client starts losing money by keeping such a resource. Such a resource or an asset is included in the idle asset identification recovery. It is wise to redeploy or take away such assets. Assets included in the category of idle asset identification may be of any form. For example, building materials, unused land, electrical equipment, manufacturing equipment, scrap metal, surplus electronics, still mill equipment etc may be included in…

Enhanced Oil Recovery, Secondary, and Tertiary Recovery
RecoverySoft / April 26, 2018

Did you know that much of the oil in the ground is still present after primary recovery? In the kings english, that means there is still a lot of oil left in a well even after 10 years of pumping. The reason oil production slows is that the natural drive that once pushed oil aggressively towards the wellbore has subsided. Normally, the natural drive is either water or gas in the formation. In this article, we look to explain some of the common enhanced or secondary / tertiary methods of oil recovery. With oil hitting new highs every day, it is clear the cost benefit of utilizing technology to get at extra production makes sense. When oil was in the $ 10-20 range, the incremental cost of some enhanced oil recovery methods did not make economic sense. One of the most common secondary recovery methods is a waterflood. Essentially, a waterflood is a reintroduction of water into the formation to create a drive to push more oil towards the wellbore. To increase the efficiency of a waterflood, new methods utilize Alkaline-Surfactant-Polymer floods and some explorers are introducing microbes into the wellbore to increase the sweep efficiency of the flood, both…