Petrobanks Capri / Thai Processes For Upgrading And Recovering Oilsands And Heavy Oil -- The Next Big Future
Graphics and information from the Sept 2008 Petrobank investors presentation (48 pages) If the Capri/Thai processes are successful then Canada's oilsands, other oilsands and heavy oil deposits around the world will have higher recovery rates using a more economic process and the oil will be upgrading in the ground to a higher and more valuable quality. This would be the technology that would crush peak oil for several decades and allow an orderly transition to a post oil world. The processes would enable trillions of barrels of oil to be economically accessed. In a few months the Capri process could be proven out and the energy world would be changed. Oil technology would change the world by unlocking the oilsand and heavy oil around the world. Trillions of barrels of oil would become economically feasible. It would be a and game changer. More projects like the one in would go ahead to access 3-4 billion barrels of oil at 120,000 bpd within 5 years.
Petrobank aims to upgrade oilsand bitumen before it ever comes to the surface. Petrobank will soon launch the CAPRI component of its in situ toe-to-heel air injection production technology. Upgrading the oil in the ground avoids the delays and costs associated with building refineries and transporting the bitumen to upgraders.
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