TARBLASTER DRY RECOVERY OF OIL FROM OIL SAND PRESTUDY OF TB 2000 LOCATED IN FORT MAC MURRAY, CANADA.

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Presentation transcript:

TARBLASTER DRY RECOVERY OF OIL FROM OIL SAND PRESTUDY OF TB 2000 LOCATED IN FORT MAC MURRAY, CANADA

Incorporated by 70 shareholders from Norway, Sweden, Germany, Switzerland, USA and Canada Number of issued shares CEO Olav Ellingsen ( The company subcontract its other needs such as accounting, auditing, financial advisors and legal assistance from case to case. Board of Directors: Lawyer Morten Borch, Oslo Marketing investigator Bjarte S. Ellingsen, Oslo Bankier Fritz T. Wegmann, Switzerland PhD geologist Gemma Keany, Bergen Engineer Olav Ellingsen, Florø TARBLASTER AS

TAR SAND Natural occurring deposits of a mixture of heavy oil and sand Natural occurring deposits of a mixture of heavy oil and sand World’s greatest deposits (85%) in Alberta, Canada World’s greatest deposits (85%) in Alberta, Canada 10% < 75 m depth, surface mining 10% < 75 m depth, surface mining

STATISTIC FOR TAR SAND IN ALBERTA, CANADA Total volume in place 1,7-2,5 trillion barrels Total recoverable (probable)335 billion barrels Surface mining proven reserves 35 billion barrels Other methods proven reserves 98 billion barrels Present production1,1 million bbl/day Projected production 20102,0 million bbl/day Projected production 20154,0 million bbl/day (*) Tar sand moved per bbl2,0 ton Water consumption per bbl 430 liter (if no recycling) Number of leases in Alberta2.800 (*) At this production level it will take about 100 years to empty the proven reserves

LOCATION OF CANADA TAR SAND DEPOSITS

TARGET AREA TB 2000

OIL SAND MINING In oil sands mining, a mix of oil and sand is removed from just below the surface using trucks and shovels.

MAIN LAY OUT TARBLASTER 2000

THE BENEFITS OF THE TARBLASTER TECHNOLOGY Low energy consumption Self-sustained with energy by combustion of low value energy (the most heavy part of the oil) Reduced CO2 emission No water consumption Extraction and upgrading oil sand in one operation Reduce capital investments about 80% Easy to scale up Increased value of oil by: Increased API FROM 8 to 25 (*) Reduce sulphur and metal content (*) Proved API 18, but believe it will be possible to reach API 25 by an add on process

TB 2000 VERTICAL

TB 2000 HORISONTAL

PROPOSED TIME SCHEDULE Pre-engineering Financing Engineering Construction Testing Production

KEY FIGURES