Multiple times faster extraction, day by day20-40% more total production over the well’s lifetimeMuch lower production costs than any other method Thermal fracturing more powerful than hydrofractureRestores old, heavily-watered oil fieldsFully controllable at every operational phaseProbably the most environment-friendly method of enhanced oil recovery known
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BM BM Technology for Technology for O O il il and and B B itumen itumen E E xtraction xtraction • Dramatically stimulates Dramatically stimulates production/extraction production/extraction • E E conomical conomical on on resources resources • L L owers owers water cut/ water cut/ irri irri g g ation of ation of the formation the formation • Environment friendly Environment friendly TCTM TCTM Limited Limited Liechtenste Liechtenste www.tctm.eu www.tctm.eu
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BM BM Technology for Technology for OOil and il and BBitumen itumen EExtractionxtraction
• produce 5-10xproduce 5-10x** more oil day-to-day, and 20-40% more oil day-to-day, and 20-40% more over the well’s lifetime?more over the well’s lifetime?
• restore old and irrigated wells to their original restore old and irrigated wells to their original productivity?productivity?
• produce crude oil for $15 a barrel or less?produce crude oil for $15 a barrel or less?
• exploit reservoirs too (economically) difficult to drill exploit reservoirs too (economically) difficult to drill for?for?
What if you couldWhat if you could
* The higher the water cut, the lower the multiple of extra extraction. Average is 6x. Newer wells produce 8-10x faster.
BINARY MIXTURES DOES ALL THATBINARY MIXTURES DOES ALL THAT
Preparing the BM system in RussiaPreparing the BM system in Russia
• Less expensive than any other methodLess expensive than any other method
• CleanCleans s skinskin layerlayer and collector thoroughly and collector thoroughly• More efficient More efficient and environment friendlyand environment friendly than any other than any other
oil recovery methodoil recovery method
THE THE PATENTPATENTSS
Patent No. 1 Patent No. 1 – – WO 2010/043239 A1WO 2010/043239 A1 (April 2010) – generates a huge amount of gases, raises heat up to 500 C, lowering viscosity of oil, enabling significant stimulation of production.
Patent No.2 - WO 2012/025150 A1 Patent No.2 - WO 2012/025150 A1 (February 2012) – Method and equipment for thermochemical treatment of productive layer. This enables extraction from a much larger formation. Also enables simultaneous well stimulation and recovery.
Two more patents are under development to concentrate on Two more patents are under development to concentrate on shale oil and shale gasshale oil and shale gas
RESULTS OF LIVE TESTING IN RUSSIARESULTS OF LIVE TESTING IN RUSSIA
WellNumber
DownholeEquipment
OperationMonth
Start-UpDate
BasicOil Rate
WellExploitation
Days
AverageDaily
Oil Rate
AdditionalAdditionalExtraction,Extraction,
tonstons
SpecificOil Rate,
t/day
1242 EVNT 25-1500
09.11.2011 3.5
November, 2011 22 9.3 127.9
December, 2011 31 9.0 169.5
January, 2012 31 8.1 143.5
February, 2012 29 8.4 143.2
March, 2012 31 7.4 123.3
Total 144 707.4707.4 4.92
3003 EVNT 25-1500
January, 2012 04.01.2012 1.93 28 10.6 242.9
February, 2012 23 10.6 199.6
March, 2012 31 9.98 247.6
Total 82 690.1690.1 8.44
Figures in Figures in orangeorange = total extra tonnage oil extracted= total extra tonnage oil extracted
EXAMPLE – A SMALL, 50% WATERED WELLEXAMPLE – A SMALL, 50% WATERED WELL
• Cost of chemicals 21000
• equipment rental costs 10000
• Initiator cost 10000
• Labor costs
• (15 workers @ $250 a day for 7 days) *26000
• insurance, admin 3000
• TOTAL COSTS 70000
• oil extracted, in BBL 5000
• Result: price per BBL $14
* The workers can be easily working on up to 10 wells at a time. So this cost estimate is relatively very high.
Scenario: This well was already closed. Scenario: This well was already closed. Formation = 785 m3 heated to 100°C, 50%-watercut, oil is heavy crude Formation = 785 m3 heated to 100°C, 50%-watercut, oil is heavy crude
All money amounts are in USD
Notes: •We can heat a larger formation up to 500°C, producing more oil over time without requiring the Initiator.•The larger the well/formation, the more we can heat, resulting in a more profitable scenario
COMPARING THE METHODSCOMPARING THE METHODS
• Principle
• Damage to well
• Production over time
• Energy loss
• Depth limits
• Temperature reached
• Investment
• Production costs
• Environment-friendliness
• Repeatability
• Cold liquids at enormous pressure to fracture formation
• Rapid water-logging
• Non-economical after appx. 35% of oil is extracted
• Strong pumps (>10.000 HP), proppants
• Depends on well construction and strength of pumps available
• N/A
• Large: water tanks, strong pumps, proppant
• $40-60/BBL
• Wasteful and requires a lot of water that gets polluted
• Not economical and potentially dangerous to the earth and water
CriterionCriterion SAGDSAGD HydrofracturingHydrofracturing BMBM Heats the formation with steam to
lower viscosity
Rapid water-logging
Non-economical after appx. 30% of oil is extracted
+/- 25% to heat water and to transfer it to well
800-1000m (more, if costly thermo-insulated tubing is used)
250°C
Large (infrastructure for steam production and delivery, or at least some movable steam generator)
$50-60/BBL
Water pollution. High-maintenance steam production
burns lots of fuel (well must be permanently stimulated)
Increasing water content lowers economical effect
Heats the formation to lower viscosity. Chemical reactions increase energy and gas-lifting
Can treat and recover simultaneously
No irrigation or any other damage
Can extract 50-80% of all oil from the well over its lifetime
Negligible loss
We’ve done 5km and can go much deeper
From 100-500°C, fully regulated
Stand-alone unit: $130,000; less for nearby units.
Mobile unit (for many re-uses): $350,000 + chemicals (+/- 50,000 USD depending on market prices)
$10-35/BBL depending on geological/market conditions
No damage; by-products are nitrogen, water, and CO2. All other solid materials (if indeed any) remain down in the well.
Heavily-watered wells can be recovered
Can be repeated many times or can run permanently
HOW DOES IT WORK?HOW DOES IT WORK?
• LLiquid chemical solutions are delivered iquid chemical solutions are delivered down down two channels into two channels into the well.the well.
• The chemicals mix and react deep in the The chemicals mix and react deep in the productive layerproductive layer, creating, creating extreme extreme heatheat andand a lot of a lot of gasesgases..
• Oil viscosity is lowered as it heats up in the formation.Oil viscosity is lowered as it heats up in the formation.
• The oil reacts with the heat/chemicals, creating extra energy for The oil reacts with the heat/chemicals, creating extra energy for gas lifting.gas lifting.
• Oil is extracted at an accelerated rate, in Oil is extracted at an accelerated rate, in multiplesmultiples..
it’s that simple
In addition, the well undergoes a In addition, the well undergoes a significantsignificant reduction in reduction in irrigation irrigation
This means, apart from our treatment,This means, apart from our treatment,production increases organically.production increases organically.
BENEFITS OF BINARY MIXTURESBENEFITS OF BINARY MIXTURES
Multiple times faster extraction, every day Multiple times faster extraction, every day 20-40% more total production over the well’s lifetime20-40% more total production over the well’s lifetime Much lower production costs than any other method Much lower production costs than any other method Replaces hydrofracturingReplaces hydrofracturing Restores Restores oldold,, heavily heavily--watered oil fieldswatered oil fields Fully controllable at every operational phaseFully controllable at every operational phase Probably the most environment-friendly method of Probably the most environment-friendly method of
enhanced oil recovery known enhanced oil recovery known
WHAT TO DO NEXT?WHAT TO DO NEXT?1.1. Fill in the technical data on our Calibration Questionnaire Fill in the technical data on our Calibration Questionnaire
2.2. We calibrate the proper formula, provide a detailed estimate of We calibrate the proper formula, provide a detailed estimate of costs and conditionscosts and conditions
3.3. After we agree, you prepare basic equipment on-siteAfter we agree, you prepare basic equipment on-site
4.4. We do the live demo on your wellWe do the live demo on your well
5.5. If the results are as expected, we implement the agreed solutionIf the results are as expected, we implement the agreed solution
6.6. See your production rise by 5x or more and ROI increase See your production rise by 5x or more and ROI increase exponentiallyexponentially
7.7. TCTM collects their fee based on your TCTM collects their fee based on your incremental outputincremental output
