NetworkNewsBreaks – Petroteq Energy Inc.’s (TS
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Posted On: 06/06/2018 5:42:53 PM
NetworkNewsBreaks – Petroteq Energy Inc.’s (TSX.V: PQE) (OTCQX: PQEFF) Proprietary Extraction Technology May be the Key to Retrieving Buried Oil in U.S.
Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) has developed a proprietary extraction technology that could play a vital role in the U.S. oil sands & shale industry. An article discussing the company reads: “The company does not drill for oil, but rather has developed patented technology to extract bitumen (crude oil) from oil sands and shale, crucial methodology that could unlock the trillion barrels of oil buried in Colorado, Utah and Wyoming. The technology is being readied for application at its Asphalt Ridge facility in Utah. … Petroteq Energy Inc. has developed its environmentally safe, continuous flow, closed loop technology (a first in North America… and probably in the world) to extract bitumen oil from oil sands. The technology, which depends on a patented solvent/surfactant and produces no greenhouse gases, is the result of almost five years of research by Petroteq’s research and engineering teams, led by the company’s chief technology officer, Dr. Vladimir Podlipskiy. It can be effectively applied to both “water-wet” deposits, such as the oil sands projects in Alberta, Canada, and in the 20 or so countries with oil sands, as well as the “oil-wet” deposits found in Utah, where Petroteq is operating.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
Fully integrated oil and gas company Petroteq Energy Inc. (TSX.V: PQE) (OTCQX: PQEFF) has developed a proprietary extraction technology that could play a vital role in the U.S. oil sands & shale industry. An article discussing the company reads: “The company does not drill for oil, but rather has developed patented technology to extract bitumen (crude oil) from oil sands and shale, crucial methodology that could unlock the trillion barrels of oil buried in Colorado, Utah and Wyoming. The technology is being readied for application at its Asphalt Ridge facility in Utah. … Petroteq Energy Inc. has developed its environmentally safe, continuous flow, closed loop technology (a first in North America… and probably in the world) to extract bitumen oil from oil sands. The technology, which depends on a patented solvent/surfactant and produces no greenhouse gases, is the result of almost five years of research by Petroteq’s research and engineering teams, led by the company’s chief technology officer, Dr. Vladimir Podlipskiy. It can be effectively applied to both “water-wet” deposits, such as the oil sands projects in Alberta, Canada, and in the 20 or so countries with oil sands, as well as the “oil-wet” deposits found in Utah, where Petroteq is operating.”
Please see full disclaimers on the NetworkNewsWire website applicable to all content provided by NNW, wherever published or re-published: http://NNW.fm/Disclaimer
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