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H1 H1 Presentation Transcript

  • Shale Oil The solution to today’s energy problem
  • What is oil shale?
    • Rocks containing Kerogen
    • Formed by Organic Matter Deposits in Aquatic Environs
  • History
    • Used since at least 1300 AD
    • USA and others countries havee experimented with production since mid-1800s
    • American Booms: 1915-late 1920s
    • 1973-early 1990s
    View slide
  •   View slide
  • Mining
    • Underground (In-Situ)
    • Shale is fractured and heated underground to release oils
    • High potential but methods still experimental
    • Surface (Open Pit)
    • Traditional mining from the earth’s surface
    • Transported to processing facility
  • In-Situ Research
    • Electrical heating in Colorado
    • Lowers heating element into well which heats kerogen over four years
    • Converts organic material into oils and gases which are then pumped to the surface
    • Advantages:
    • Reduces footprint of extraction operations
    • Could potentially extract more oil from a given area of land
  • Refining
    • “ The rock that burns.”
    • Chemical Processing
    • Petroleum Refining
  • The Refining Process
    • Fractional Distillation
    • * Separation
    • * Removal of contaminants and impurities
    • * Further processing
  • How much is available? 9,600 400 – South America 140,000 80,000 3,340,000 North America 24,600 4,600 35,360 Middle East 6,500 300 4,180 Europe 36,985 1,725 32,400 Australia – 1,100 20,570 Asia 5,900 500 12,373 Africa Kerogen in Place Kerogen Reserves Shale Reserves Region Estimated Shale Oil Reserves (Millions of Tonnes)
  • We have it: let’s apply it to our needs
    • 1.56 Trillion potential barrels of recoverable oil worldwide
    • 980 billion potential barrels in the US
    • On a world scale, assuming China and India increase oil demand excessively, we have potentially 62 yrs of shale oil
    • Domestically, if we don’t import or export, we have potentially 157 years of shale oil
  • Where is ours?
  • Distribution: is it possible here? Current natural gas pipeline system Current Refined and Crude Oil Pipelines
  • Efficiency: We Can Only Get Better
    • The Canadians did it, so can we
    • High areal density
    • With In-Situ recovery the EROEI is 3.5:1.
      • Crude oil’s EROEI is about 5:1.
    • In-Situ uses less than 1/3 of a barrel of water
      • Could create drinking water
  • Competitive Costs
    • Today oil shale is competitive when a barrel of oil costs $58.50
      • Oil Tech $10-20
      • Shell $30
      • Open pit $40-50
  • Environmental costs?
    • Problem: open-pit mining
      • Production uses and pollutes water
      • Exposed sulfides oxidize by air and rain, creating sulfuric acid.
    In Estonia, EU environmental reforms threaten the end of self-sufficiency by open-pit shale oil harvesting.
  • The answer to open-pit problems: shale oil of the future!
  • Technology: alleviating the environment
    • Companies like Chattanooga Corp have further developed in-situ mining, resulting in:
      • * Dry processing. * Reduction of greenhouse gas emissions. * Simultaneous land reclamation. * Minimized plant footprint. * Removal of 99.8% of all sulfur.
    • Shell claims they will be able to harvest about 65% of the oil in place, in both liquid and natural gas forms.
  • A solution to the foreign problem
    • Self sufficiency: avoid Estonia’s mistakes
      • Use new technology for optimum efficiency and minimal environmental impact.
    • Additional shale available from “friendly countries”
      • Maintain and strengthen relations with those countries who can help us with transition to shale oil.
  • The solution is under your feet