Russ Steele
The Next Big Future has the details. Electro Thermal Dynamic Stripping Oil Recovery Could Unlock Billions More Barrels of Oil in Alberta at $26/Barrel
A field test was performed from Sept 2006 to August 2007 and the recovery and performance exceeded expectations. The recovery factor was over 75%, energy used per barrel was 23% less than anticipated and peak production rates were better than expected.
ET Energy's Electro Thermal technology could be used to pump out 600 billion barrels of Alberta's oil sands bitumen. That's more than triple the Alberta government's best guess at what's currently recoverable from the oil sands, and enough to satisfy total global demand for twenty years.
Saudi Arabia has 260 billion barrels of oil reserves, so the additional 421 billion barrels would be close to double the oil in Saudi Arabia.
ET Energy's Electro Thermal technology could be used to pump out 600 billion barrels of Alberta's oil sands bitumen. That's more than triple the Alberta government's best guess at what's currently recoverable from the oil sands, and enough to satisfy total global demand for twenty years.
Saudi Arabia has 260 billion barrels of oil reserves, so the additional 421 billion barrels would be close to double the oil in Saudi Arabia.
