Recovery Rate (Oil and Gas)

Percentage of oil or gas that can be recovered from the deposit during production, versus the total amount of contained. Depending on the deposit, the recovery rate of crude oil ranges from 5 to 50%. It is crucial to the development of deposits: for large reservoirs, just a few percentage points more translate into huge quantities of oil. An additional 1% of production from all fields worldwide would be enough to meet global demand for two to three years.