Tatweer Petroleum has a heavy oil
venture that has proved successful, he said.
In his keynote address to the second Middle East Heavy Oil
Congress (MEHOC), Shaikh Mohammed said the Middle East's vast heavy oil
resources, much of which are still undeveloped, will be an important future energy source for the region, especially when conventional hydrocarbons dry out.
"As the energy sector is increasingly turning to the exploitation and conversion of their conventional heavy oil
resources, the Middle East Heavy Oil
Congress provides the perfect regional gathering for the industry to discuss what innovative trends and transformations will define the future of this upcoming sector ' said Dr.
The offering also includes a patented heavy oil
upgrading process "HTL" or "Heavy-to-Light" - a proprietary and patented process that converts heavy oil
to lighter synthetic crude oil that can be transported by pipeline without the need for light blend oils.
For half of the project, Saudi Aramco enlisted the help of Chevron, which had decades of experience extracting heavy oil
from fields in California, Indonesia and Thailand.
The Nipisi Pipeline is a 90-km heavy oil
pipeline with a design capacity of 100,000 bpd that will transport diluted heavy oil
from north of Slave Lake to Pembina's existing pipeline south of Swan Hills and on to Edmonton, Alberta for further transport or processing.
The region is not yet a hot-spot for heavy oil
extraction, compared to established giants in bitumen such as Canada and Venezuela.
Held for the second time in Oman, the show is one of the largest congregations of heavy oil
professionals around the globe.
Over 500 international industry professionals and experts will connect, discuss, and deliberate fostering global collaboration for a fitter heavy oil
industry over three days at the congress.
According to him, heavy oil
accounted for 15 percent of the Sultanate's output.
Leading experts and professionals from the entire heavy oil
value chain will convene at WHOC 2019 - an annual platform for the entire industry to collectively exchange knowledge on the latest technologies and solutions for sustainable production and upgrading of heavy oil
and crude resources.
This year's Congress will focus heavily on the role of global collaborations and governmental policy-making in the future of Heavy Oil
, as well as the importance of harnessing new technologies and innovations.