A New Deal for Offshore Heavy Oil

abarrelfullabarrelfull wrote on 27 Mar 2013 09:54
Tags: ivanhoe sbm technology upstream

Latest Blogs

{"module":"feed\/FeedModule","params":{"src":"http:\/\/abarrelfull.wikidot.com\/feed\/pages\/pagename\/blog%3A_start\/category\/blog\/limit\/10\/t\/My+Blog","limit":"4","module_body":"* %%linked_title%%"}}

rating: 0+x

The shale gas revolution was possible, due to the marriage of two existing technologies, horizontal drilling, and hydraulic fracturing, which had until that point been utilised separately. So to see the combination of technologies to enable new projects is always exciting.

The use of FPSOs to exploit remote oil fields is not a new technology, but is becoming ever more common, as production takes place at ever greater distances from infrastructure.

Meanwhile, the growing exploitation of heavy oil is leading to ever more investment in Heavy Oil Upgraders.

We are seeing a growing trend in development of heavy oil fields offshore, fields that might need both of these technologies, This being a good example. So what do you get when you add the two together?

Ivanhoe Energy (TSX: IE) (NASDAQ: IVAN) and SBM Offshore (SBM) are pleased to announce they have formed a global strategic alliance (Alliance), combining their respective expertise to create Floating, Production, Upgrading, Storage and Offloading vessels (FPUSO's)

So now crude can be upgraded at source, even when that source is offshore.

Related Pages

Recent Blogs


Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License