Financial Times FT.com

Oil innovation after years of caution

By Ed Crooks

Published: July 28 2008 19:15 | Last updated: July 28 2008 19:15

At Prudhoe Bay in Alaska, BP is pumping tiny particles like miniature pieces of popcorn into its oil field. The process is a perfect demonstration of how oil companies have been cautious about innovation.

As with most of BP’s production, output at Prudhoe Bay is sustained by pumping in water to push out the oil. But the water can leak through porous rocks, losing pressure and often leaking through into the oil wells.

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