New Oil Drilling Apparatus

A less expensive, more reliable oil production technology that is safer and reduces environmental impact is being commercialized by Completion Concepts Inc., Katy, TX.  The apparatus could significantly increase production of heavy oil, an enormous resource that constitutes as much as half of the world’s oil-in-place.  Much of America’s heavy oil is produced via a costly steam injection enhanced oil recovery method to produce a crude oil grade that is lower in quality and thus sells for less.

The apparatus, called a Teleperfs", is a telescoping devices that is projected into the face of a formation, anchoring a well liner in place and providing entry ports for formation fluids.

Initially developed through a DOE funded Small Business Innovative Research grant and furthered by an industry consortium, Completion Concepts, Inc. devised a method for production of heavy oil that eliminates certain expenses and risks and offers a low-cost alternative for inhibiting production of sand in an oil well.  Read the complete announcement here.

Any technology that increases our oil consumption at lower cost will certainly be appreciated.  I assume it might find application in the Canadian tar sands and Venezuela besides the fields that were mentioned in California and Alaska.

Technocrati tags: heavy oil, oil technology, unconventional oil