As stated above, the company intends to acquire land leases on properties known to have oil deposits. Current estimates for the percentage of oil that can be recovered using EOR vary between 50 and 70 per cent compared with the average 20 per cent achieved using natural depletion.
Currently General Oil and Gas is targeting oil. As Senior Exploration Geologist with Mobil Oil Canada, he was responsible for 2 major discoveries in Northern Alberta at Rutledge Pass with established recoverable reserves of 12 million barrels of oil equivalent.
The demand for these four products is high because they are widely used for everyday activities such as transport, domestic cooking, and so on. He primarily negotiated land deals in the United States and internationally. At the request of Mr.
Do you live in an oil rich region like Nigeria, Angola, Kuwait, United States, Saudi Arabia, Iraq, etc; and you want to legally tap into the lucrative business opportunities in the oil and gas industry?
To make a well-informed decision, you might need to gather more information about the requirements as well as the pros and cons of each and figure out which seems most suitable for you. The Company will invest in and develop these properties employing senior oil and gas expertise from its consortium of strategic relationships in the industry resulting in cash flow within 3 months.
Do you need a sample oil and gas business plan template? The Syncrude joint venture is the largest oil sands venture in the world that includes surface mining, extraction and upgrading, and has been in production for over 30 years.
All the properties in the target acquisition are in Alberta in the corridor Northeast of Red Deer to Northwest of Edmonton. Worked with large companies that had ownership in similar reefs i.