Policymakers around the globe have recognized the challenges of climate changes, even though 80% of energy supplies today is dependent on depleting non-renewable energy, globally (Wüstenhagen and Menichetti, 2012). However, fossil fuels and its efficiencies are very much dependent upon cutting–edge technologies and also maximizing the utilization of tertiary methods like enhanced oil recovery (EOR) utilizing CO2 that must provide comprehensive solutions to maximize its revenue and shareholder values going forward (Simkins and Simkins, 2013).
Policymakers around the globe have recognized the challenges of climate changes, even though 80% of energy supplies today is dependent on depleting non-renewable energy, globally (Wüstenhagen and Menichetti, 2012). However, fossil fuels and its efficiencies are very much dependent upon cutting–edge technologies and also maximizing the utilization of tertiary methods like enhanced oil recovery (EOR) utilizing CO2 that must provide comprehensive solutions to maximize its revenue and shareholder values going forward (Simkins and Simkins, 2013).