Case Study
Cerro Dragon Oil Field
The Opportunity The Cerro Dragon Oil Field, discovered in 1958, is located in the Chubut Province of South Argentina. The total proven reserves of the Cerro Dragon oil field are around 1 billion BBL (1BBL=186 L.), and production is approximately 95,000 barrels per day. As wells age, their natural pressures fall. Once the pressure is too low to force oil to the surface, fuel extraction moves into secondary extraction. Secondary extract