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PicOil is a private company established 1996 in Campina, Romania. One of its core activities is reservoir studies for the Oil & Gas industry, and research into enhanced oil recovery. Picoil has implemented six major structural EU-funded projects and delivered over 60 reservoir studies and 16 feasibility studies of EOR methods, mainly water injection. These studies cover almost all Romanian regions i.e. five in Moldova, nine in Muntenia and two in Oltenia. It has also conducted experimental injection of CO2 and gas at two oil reservoirs in Muntenia.