Global Map > Startups > North America > United States > Lansing > Fossil Bay Energy Fund 1
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Fossil Bay Energy is commercializing a novel method of Enhanced Oil Recovery using combustion gas as the driver rather than C02 delivered via pipeline. Over 75% of the oil in every well is stranded and can not be recovered with primary wells and pumping methods. Gas re-pressurization using natural sources of C02 is the most effective method of increasing oil production from a wellhead - with over 30 years of data showing an addition 25% oil production on average using this secondary method. Fossil Bay Energy controls intellectual property for the method and the equipment needed to use waste combustion gas in Enhanced Oil Recovery applications. This method has the advantage of being available for use in any well globally that is geologically suitable for gas repressurization - estimated at 4.2 B Barrels globally.
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