technology preview calgary 21st january 2009. agenda 10.00welcome and introduction 10.15presentation...

41
Technology Preview Calgary 21st January 2009

Upload: scot-wood

Post on 16-Jan-2016

216 views

Category:

Documents


0 download

TRANSCRIPT

Page 1: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Technology Preview

Calgary21st January 2009

Page 2: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Agenda

10.00 Welcome and introduction

10.15 Presentation of Tarblaster technology, and Q&A

11.15 Discussion on perceived strengths of technology

12.00 Sandwich lunch

12.45 Identification of key challenges, potential solutions, and timeline

13.45 Discussion of commercialisation options and preferences

14.30 Conclusions and action plan

15.00 End of meeting

Page 3: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Background

Page 4: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Presentation of Tarblaster Technology and Q&A

Background Introduction to Technology and Innovations Status and Testing Business Case Next Steps - Commercialisation

Page 5: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Tarblaster AS

Based in Norway, commenced operations 2007

Incorporated by 88 shareholders from Norway, England, Sweden, Germany, Switzerland, USA and Canada

Number of issued shares 11.000.000

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• Chairman, lawyer Morten Borch, Oslo• Member, engineer, Steve Kent, London• Member, marketing investigator Bjarte S. Ellingsen, Oslo• Member, engineer Olav Ellingsen, Florø

Page 6: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

R&D Partners

Sintef Energy Research AS, Trondheim , Norway• Professor Jens Hetland• Ph.D. Jørn Bakken

Nyhavna Mekaniske AS• Engineer Sig Fuglestad

KGD Development AS• CEO Engineer Roger Gale• Professor Finn Drangsholt

Page 7: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Statistics For Tar Sands 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 production 1,1 million bbl/day Projected production 2010 2,0 million bbl/day Projected production 2015 4,0 million bbl/day (*) Tar sand moved per bbl 2,0 ton Water consumption per bbl 430 liter (if no recycling) Number of leases in Alberta 2.800

(*) At this production level it will take about 100 years to empty the proven reserves

Page 8: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Problems Connected With Existing Technology

High consumption of water (40 million liter pr 100.000 barrels of oil produced)

Water polluted with small amount of oil and fines High level of energy consumption – Natural gas main energy

source High output of CO2 emission Huge capital investments Heavy oil which must be upgraded or mixed with light oil prior

to refining Environmental footprint Overall recovery

Reference- Oil Sands Technology Roadmap, Alberta Chamber of Resources, Jan 2004

Page 9: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Problems Connected With Existing Technology

Page 10: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Overall Emissions and Waste from Present Oil Sand Operations (Total CO2 emissions ~ 43kg/bbl)

Page 11: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Introduction to Tarblaster Technology and Innovations

Page 12: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

What is Tarblaster?

Tarblaster is a “dry” process for the simultaneous extraction and upgrading of oil from oil sand, oil shale and other particle-oil mixes (e.g. sludge) in one operation, without the use of water or steam.

Technical feasibility based on:• Unique low temperature and pressure thermo-mechanical process• Process equipment known to the industry • Mining operation as for existing technology

Tarblaster AS will develop, refine and commercialize this revolutionary and highly beneficial technology, which offers substantial economic benefits to clients engaged in the extraction of oil from oil sand and oil shale.

Page 13: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

The Benefits OfTarblaster Technology

No water consumption Clean dry sand emitted – no wet tailings CO2 emissions reduced by at least 30% Extraction and upgrading of the oil in one operation CAPEX reduced by ~80% Increased value of oil by:

Increased API from 8 to 25* Reduced sulphur (50-60%) and metal (90-95%) content

Low energy consumption Self-sustained with energy by combustion of ~12% of recovered oil Low OPEX Easy to scale up

(*) Proved API 18, but believe it will be possible to reach API 25 by an add on process

Page 14: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Tarblaster - How It WorksSimplified Flow Diagram

The basic process can be described in 5 key steps:

1.Oil sand is injected into a low-temperature reactor, heated by partial combustion of the oil in the injected sand. Within the reactor, oil is stripped off the sand, and partial cracking also takes place.

2.The sand is then conveyed pneumatically into a riser by the hot gases, and routed to a cyclone.

3.Within the cyclone, the sand is separated from the stream and is returned to the reactor, and the solid-free gases are transported to a condensation system.

4.The condensation system is a dual procedure, avoiding formation of emulsions, and resulting in two streams of liquid oil and natural water (originating from sand).

5.The sand from the reactor is discharged continuously into a steam boiler which extracts the heat in the sand for steam generation, prior to final discharge of clean, dry sand.

Page 15: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Tarblaster – Process Overview

Page 16: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Tarblaster – Flow Diagram

Page 17: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Tarblaster Main Components

Reactor with start up burner

Hopper for material feed

Cyclone for solids separation

Sand filter for fines separation

Exhaust gas heat exchanger

Solid/gas heat exchanger

Fluidized gas super heater

Oil condenser Water condenser

Page 18: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Status and Testing

Page 19: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Development To Date

Technology developed by Tarblaster a/s, Norway Investors include energy-sector VC The test rig at SINTEF, Norway was completed for testing in

July 2008 Oil sand oil with an

initial grade of 10 API has been extracted at 360C and upgraded to 18 API oil, at a production rate of 2 barrels/ day

With aim to reach

25 API first half 2009

Page 20: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Test Unit

First test June 2008

Test rig ready for testing at SINTEF ENERGY RESEARCH AS, Trondheim

Page 21: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Mixed Oil Sand

First Oil Recovered

Dry Spent Sand

Results of Testing

Page 22: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Combustor

Riser

Cyclone

Sand box

Oil condenser

Water condenser

Reactor

Page 23: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Combustor

Hopper

Steam condenserRiser

Oil tank

Knock down tank

Page 24: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Oil condenserWater condenser

Knock down tank

Gas supply

Sample condenser

Page 25: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Knock down tank Combustor

Hopper tankSuper heater

Oil tank

Page 26: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Temp curves first test

Page 27: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

From Oil Sand To Oil

Page 28: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Business Case

Page 29: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Tarblaster Logistics

Page 30: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Expected Results

MATERIAL INITIALAPI

UPGRADED API

COMMENTS

Atabasca tar sand (bitumen)

8-10 25 1 w% coke in tailingsTemperature 350-400 CPressure 1,1 barSulphur reduction 50-60%Metal reduction 90-95%

Page 31: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Next Steps –Commercialisation

Page 32: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Technology Commercialisation

ACTIVITY LEVEL YEAR %

Basic technology research

1 1999-02

Basic principle evaluated and theoretical calculations performed

100

Research to prove feasibility

2 2002-06

Technology concept and patent application filed

100

Technology development

3 200720082009

Construction of the rig completedInitial tests and proof of conceptMass and Energy Balance Tests

100100

0

Technology demonstration

4 201020112012

Engineering TB 2000ConstructionCommissioning on site

500

System test and operation

5 2015? Tarblaster proven through successful operation

0

Page 33: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Main Commercialisation Activities

Page 34: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Summary of Key Benefits

For Existing Industry As An Add On Process

Reduced Capital Investment

Reduced Environmental Impacts and thus reduced Liability

Risks

Shorter Pay Back Time

Lower Recovery Costs And Higher Yield

Can Handle Lean Sand

Solves The “Water Problem”

Page 35: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Agenda

10.00 Welcome and introduction

10.15 Presentation of Tarblaster technology, and Q&A

11.15 Discussion on perceived strengths of technology

12.00 Sandwich lunch

12.45 Identification of key challenges, potential solutions, and timeline

13.45 Discussion of commercialisation options and preferences

14.30 Conclusions and action plan

15.00 End of meeting

Page 36: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Discussion onPerceived Strengths of

Technology

Page 37: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Agenda

10.00 Welcome and introduction

10.15 Presentation of Tarblaster technology, and Q&A

11.15 Discussion on perceived strengths of technology

12.00 Sandwich lunch

12.45 Identification of key challenges, potential solutions, and timeline

13.45 Discussion of commercialisation options and preferences

14.30 Conclusions and action plan

15.00 End of meeting

Page 38: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Identification of key challenges, potential solutions, and timeline

Page 39: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Discussion of commercialisation options and preferences

Page 40: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Conclusions and action plan

Page 41: Technology Preview Calgary 21st January 2009. Agenda 10.00Welcome and introduction 10.15Presentation of Tarblaster technology, and Q&A 11.15Discussion

Contacts:

Olav Ellingsen, Tarblaster ASPhone: +47 4840 0614

[email protected]

Chris Dudgeon, OTM Consulting LtdPhone: +44 1483 598000

[email protected]