by TheDude » Mon 29 Mar 2010, 15:30:13
$this->bbcode_second_pass_quote('Tanada', 'T')HAI works, and quite efficiently too.
All I read is that some independent agency concluded that it "works" up to this point, with better RF than SAGD. Perhaps it won't scale up; a risk of out of control fire fronts could still be there, and one massive accident could put their whole operation on hold.
CTV News | He could sit tight but he wants a tech legacy$this->bbcode_second_pass_quote('', 'S')o what explains the resistance to THAI in some quarters?
Young entrepreneurs have no problem talking about it. But there's a bunch of guys - and I'm guilty of this - who tend to colour their thinking with their own history. THAI uses fire-flooding, which has been done for ages, a lot of it unsuccessfully and sometimes catastrophically - people have been killed in Venezuela, for example. So the thinking is: "If it's fire flooding, I'm not going to get deep into it. I won't try to understand how good it is or how different this particular technology is." And some people are just resistant to change.
It's probably less than 10 per cent of our total corporate investment. In terms of all-in costs, Whitesands [the oil sands property that is testing THAI] has cost less than what we spent on each of PetroBakken and Petrominerales just last year. So it is a small investment but the payoff on that lottery ticket is big. We will start making money this year on 11 wells in Saskatchewan.