WE ARE DIFFERENT
There is no use of hydraulic fracturing or multistage hydraulic fracturing in the process.
No any hazardous chemical substances are applied.
Our Technology in comparison with the shale oil technology using hydraulic fracturing has the following advantages:
|
Fracking Technology |
KEROGOIL’s Technology |
Technology |
Horizontal Wells (up-to 3,000 m) + Multistage Hydraulic Fracturing |
Ultra-Supercritical Water Based Thermal Cycles |
Object of Production |
Exclusively Tight Oil (S1) (Approx. 10% of total HC potential of Shale Oil plays. Аpprox. 90% of hydrocarbons of Shale Oil plays are in kerogen.) |
Tight Oil (S1) + Synthetic Oil generated In-Situ from kerogen (S2) (Target: total development of HC potential of Shale Oil plays. The Technology involves kerogen into active hydrocarbon production as well.) |
Recovery Factor |
6-15%, only for S1 |
45-50%, for S1 + S2 |
Maximum Oil Extraction from 1 m3 Shale Oil Reservoir (Kerogen = 20% w/w) |
5-7 kg Tight Oil |
110-122 kg High-Tech Oil |
Average Quality |
32-38 °API Tight Oil |
40-44 °API High-Tech Oil |
Production Costs |
USD 40-60/bbl |
USD 35-50/bbl (estimation, on fully loaded basis) |