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Ivanhoe Energy Inc. Message Board

  • go_st_bonaventure go_st_bonaventure Feb 28, 2006 11:28 AM Flag

    Conference call

    E&P "just to keep the lights on, although can be some good surprises there"

    GTL master license from syntroleum, air blown technology. Recent license with govt in Egypt. Small commercial demo project there now. Converts stranded gas into liquid.

    Challenges to industry:
    needs onsight gas, need to buy light oil to mix with heavy oil to transport to market
    costs of nat gas are prohibitive
    costs of diluent is prohibitive
    results are stranded and abandoned deposits, and construction of massive plants to convert

    HTL solution- small scale on sight upgrading technology, using by-products of process to displace natural gas use for process, and the results are a light oil that doesn't need to be mixed to lower viscosity for transport.

    central facilities are expensive multi billion dollar bets, these are available to only a relatively small number of places and are slow to build.

    IVANHOE has 10-15 BBD capability which is cheaper, easy faster to build and operate.

    Very similar to "cracker" whatever the hell that is.

    Low capex, and smalle scale. Smaller than delayed coker, less expensive.

0.290.0000(0.00%)Feb 27 3:59 PMEST