TEO’s strategy of using its market-leading experience in enhanced oil recovery (EoR) technologies to acquire and reactivate existing wells and infrastructure has significantly increased the value of the Lovely Asset. TEO’s success has reduced the level of uncertainty attached to the viability of many of the projects. The results allow reclassification of part of the discovered reserves from contingent resources to commercial, bringing additional reserves into the proven categories and so increasing the asset value. 

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