Quote:
Originally Posted by Bill Bumface
Because it's time to cut the rhetoric of "let's invest in technologies to make Canadian oil the cleanest/most efficient".
You're producing water, throwing a bunch of energy into it to make steam, pumping it around and then treating it. Meanwhile someone else sticks a straw in the ground and oil comes out.
Why don't we change the message to something believable to the rest of the country/world? Something along the lines of "Capitalizing on our natural resources in the near term to invest in a future of ________" would sure seem a lot more genuine and believable.
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No one is sticking a straw down in the ground and oil comes out.
For example:Kuwait’s latest project is a massive cyclic steam field.
https://www.hydrocarbons-technology....pment-project/
The C02 produced by the marginal competing barrel is what needs to be looked at not the ideal competing barrel. We could also save a tonne of money if instead of treating the water we just injected it in disposal wells like other jurisdictions. The 90% waters recycle rate requirement is a huge challenge.
It’s a little old but if you look at the chart on page nine of the link below you see that Canadian mined oil and SAGD are reasonably competitive with other oil sources. So things like 25% reductions in per barrel intensities are meaningful when compared to the marginal barrel.
https://cdn.ihs.com/ihs/cera/Oil-San...Oil-Supply.pdf