WELCOME TO
Greenflame | Petro Caribe
An EOR Service Company
We extract from the 90% of resources left behind from primary producers.Â
We take no drilling or exploration risk. We use chemistry, science, technology and economics to determine the optimal manner in producing oil from oil fields.
WELCOME TO
Greenflame | Petro Caribe
An EOR Service Company
We extract from the 90% of resources left behind from primary producers.Â
We take no drilling or exploration risk. We use chemistry, science, technology and economics to determine the optimal manner in producing oil from oil fields.
Discover the Trinidad Project
Strategic Acreage in Trinidad & Tobago
50+Million
Barrels potential through EOR
110 Wells
Existing wells ready for EOR
Ready Infrastructure
Processing facilities on-site, Oil pipeline connected to fieldÂ
Discover the Trinidad Project
Strategic Acreage in Trinidad & Tobago
50+Million
Barrels potential through EOR
110 Wells
Existing wells ready for EOR
Ready Infrastructure
Processing facilities on-site, Oil pipeline connected to fieldÂ
Why Enhanced Oil Recovery?
We pursue Enhanced oil recovery (EOR) because conventional production leaves most of the oil behind. After primary depletion, a reservoir commonly still contains 60–80% of its original oil in place. We specifically target oil fields that have 99-80% of its original oil in place or otherwise have economics that justify a quick investment payback.
The remaining oil is trapped by capillary forces, viscosity, and unfavorable mobility ratios. EOR methods — such as polymer flooding, CO₂ injection, water flooding or thermal processes — change the physics of the reservoir by improving sweep efficiency and/or reducing oil viscosity. In effect, EOR converts stranded hydrocarbons into producible reserves without needing a new discovery.
This is Greenflame’s specialty – we use chemistry, science and the most current technology to extract oil.
A second reason Greenflame implements EOR is economic optimization of existing assets. Exploration is expensive, risky, and time-consuming, while EOR leverages wells, facilities, roads, permits, and geological knowledge that already exist.
The capital efficiency can be compelling: incremental barrels from EOR often cost far less per barrel than finding and developing a new field. In mature basins, EOR effectively transforms declining fields into long-life producing assets, extending production profiles, stabilizing cash flow, and increasing reserve bookings — all of which materially improve company valuation and borrowing capacity.
Why Do We Pursue Enhanced Oil Recovery?
We pursue Enhanced oil recovery (EOR) because conventional production leaves most of the oil behind. After primary depletion, a reservoir commonly still contains 60–80% of its original oil in place. We specifically target oil fields that have 99-80% of its original oil in place or otherwise have economics that justify a quick investment payback.
The remaining oil is trapped by capillary forces, viscosity, and unfavorable mobility ratios. EOR methods — such as polymer flooding, CO₂ injection, water flooding or thermal processes — change the physics of the reservoir by improving sweep efficiency and/or reducing oil viscosity. In effect, EOR converts stranded hydrocarbons into producible reserves without needing a new discovery.
This is Greenflame’s specialty – we use chemistry, science and the most current technology to extract oil.
A second reason Greenflame implements EOR is economic optimization of existing assets. Exploration is expensive, risky, and time-consuming, while EOR leverages wells, facilities, roads, permits, and geological knowledge that already exist.
The capital efficiency can be compelling: incremental barrels from EOR often cost far less per barrel than finding and developing a new field. In mature basins, EOR effectively transforms declining fields into long-life producing assets, extending production profiles, stabilizing cash flow, and increasing reserve bookings — all of which materially improve company valuation and borrowing capacity.
Investment highlights
- Low capital risk – 110 wells drilled and ready
- Strategically located in Trinidad
- Proven enhanced oil recovery technology.
Upside
- Potential access to more than 10,000 onshore wellbores in surrounding countries
- Potential acquisition of surrounding blocks
- Premium crude pricing with low sulfur content.
- RFQs for additional blocks
Investment highlights
- Positive view on oil prices as demand exceeds supply.
- Strategically located in Trinidad with 100% private ownership.
- Opportunities for carbon emissions reduction.
- Proven enhanced oil recovery technology.
Upside and incentives
- Reduced tax rate of 15% for EOR projects in Trinidad.
- Tax credit of 30% up to $500,000 for CCUS investment.
- Potential access to more than 10,000 onshore wellbores.
- Premium crude pricing with low sulfur content.
Investment highlights
- Positive view on oil prices as demand exceeds supply.
- Strategically located in Trinidad with 100% private ownership.
- Opportunities for carbon emissions reduction.
- Proven enhanced oil recovery technology.
Upside and incentives
- Reduced tax rate of 15% for EOR projects in Trinidad.
- Tax credit of 30% up to $500,000 for CCUS investment.
- Potential access to more than 10,000 onshore wellbores.
- Premium crude pricing with low sulfur content.
