$18,000,000
Will be allocated to implementing multiple field projects in the State.
Phase 1 received $25 million in state matching funds to match Operator and Dow contributions on a project-specific basis.
The Request for Proposal (RFP) for Phase 1 opened on June 15, 2023, and closed on October 13, 2023. All Operators with at least one active field in the State, who also possess the capability to engage in advanced research and development to improve production and recovery efficiency in existing oil fields, were eligible to submit proposals in response to this RFP.
Phase-1 was approved to receive $25,000,000 matching funds from the State. The entire $25,000,000 will be used to match dollar-for-dollar the project funds committed by the Operators and Dow on project-specific bases. In-kind contribution from Dow will be up to $1,000,000 per project in the form of R&D and research material support and will be determined by each individual project scope.
Phase 1 has been approved to receive $25 million in matching funds from the State, with estimated allocations outlined below.
Will be allocated to implementing multiple field projects in the State.
Will be allocated to performing advanced research on the related technologies at COIFPM to support the field pilots.
Will be allocated to support specialized technical services focused on de-risking technologies through laboratory studies using site-specific rock and fluid samples at COIFPM's technical services branch for various field pilot implementations.
The following four operators have been selected to receive the Phase 1 award for the Wyoming Gas Injection Initiative. Their participation reflects a commitment to advancing innovative techniques and strategies within the industry. We look forward to the collaborative efforts and advancements that will result from this initiative.
The timeline for this project outlines the key phases and milestones that will guide the development, implementation, and assessment of innovative strategies for gas injection.
- Pankaj Gupta
Business Vice President, Dow Industrial Solutions