![]() | Oil and the future - the commuter shift to public transport | The Oil Drum | Peak Oil Media - 31 MAY 2008 | ![]() |
169 comments on DrumBeat: May 31, 2008
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169 comments on DrumBeat: May 31, 2008
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GAIA Host Collective
In a previous Drumbeat (maybe six weeks ago) a story described difficulty with the THAI -Toe to Heel Air Injection- process having big emissions problem. Too much air pollution and CO2 coming out with the bitumen. THAI does not look promissing for getting tar out of the sand in Alberta.
I did as much research as I could about the THAI process and after learning that the API increase in the process was less than what the initial lab tests suggested was possible, became skeptical. Later I learned of sand control issues. More recently there were issues about well control and well flow stated without quantitative data to define the situation. Am not sure whether or not these issues will be resolved. They seem to be planning as if the issues might be resolved, yet cannot state they have solved these problems. Their holdings in the Bakken field might help them generate cash flow while they try to resolve their issues.
if something sounds too good to be true........, well, you know.
the fortunate thing for petrobank is that their heavy oil operations are a small part of their business. they are doing very well in columbia, or so it would appear.