Bakken and Oilsands Update

Petrobank’s canadian oil production averaged 22,085 barrels per day (bpd), up 59 per cent from 13,889 bpd in the first quarter of 2008. Petrobank credited the gains to its Bakken properties in southeast Saskatchewan that account for more than 85 per cent of its production and reserves. The Bakken remains profitabl for Petronbank at today’s prices–bench-mark oil prices briefly hit a six-month high of $60 US a barrel in New York before settling at $58.85, up 35 cents on the day.

Petrobank’s oilsands vice-president Chris Bloomer said the company is ready to proceed with a 100,000-barrel-a-day commercial project at May River, immediately south of Whitesands.

Bloomer predicted the fireflooding technique could unlock 70 to 80 per cent of the existing oil in place in Saskatchewan — some 20 billion barrels — compared with seven per cent using existing heavy oil techniques.

Petrobank has four projects currently underway to develop and commercialize the THAI and Capri oil recovery processes.

-The Dawson project will be Petrobank’s first application of THAI™ in a more conventional heavy oil reservoir and will be an important step in the expansion of THAI™ as a heavy oil application that can be broadly applied in Canada and internationally.
White sands project
May River project
Sutton (in Saskatechewan)

Output from Canada’s oilsands could rise to as much as 6.3-million barrels a day by 2035, a nearly fivefold increase above current levels, according to energy consultancy IHS Cambridge Energy Research Associates (CERA) in a study called Growth in the Canadian Oil Sands: Finding a New Balance.

To reach the theoretical level of 6.3 million barrels a day, the study assumes strong economic growth and robust oil prices over the long-term. If the global economy stagnates and oil prices remain weak, it is projecting daily production of 2.3 million barrels a day by 2035. That is still about one million barrels a day above current levels.

The numbers show just how important Canada’s oil will become to the United States, as the study predicts that Canada would account for 37 per cent of U.S. oil imports if production is ramped up to 6.3 million barrels a day. It was just 19 per cent in 2008.

Petrobank Presentation 2009

Q1 2009 Petrobank presentation

North Dakota’s Bakken region remains active with drilling and exploration.

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Thanks for the write up!

I would like to point out that at least from a graphics-community interest point of view, all those wonderful numbers need to be converted into units that 'span the pond':

6400 nozzles, 5 colors. That would be 1280 "pixels". In 20 mm then becomes 64 pixels per millimeter, or 640 dots-per-centimeter. In inches it would be about 1,600 dots-per-inch of full color resolution.

One presumes that as many 'dots' could be generated horizontally as vertically (at least for high quality, high saturation output!)

So let's see. 640 dots/cm squared ... times 22.5 cm width times 27.5 cm length (A4 paper) equals 261,000,000 dots per full page.

Now if 360 pages per minute is the realizable goal, then that's 6 pages per second. Let's give a 10% 'inter-page gap'.

260,000,000 * 1.1 * 6 (* 5 nozzles) = 8.6 gigadrops per sec.

The little driver chip is good for 0.9 gigadrops? OK, then 9 of them or so would be required to drive the 'video' for all those drops to be deposited at that rate.

Each individual piezo nozzle would have to generate 6 (pg/sec) * 27.5 (cm) * 1.1 (interpage) * 640 (px/cm) or 116,000 drops per second.

I wonder if that is realistic. Just sounds kind of high to me. Maybe the deposition needs a 'full drop' relaxation period between drops. I certainly recall most inkjet printers have more horizontal resolution than vertical though: which either implies that the printheads are being slewed more slowly than the droprate to deposit more picoliters per square (whatever)... or something like that.

On the other hand, my Ep**n C90 printer manages to slew its print-head back and forth at well over the critical (6 x 27.5) = 175 cm/sec. It deposits a good amount of ink too ... supposedly at over 1,000 drops-per-cm.

THEREFORE, I conclude that the claims for performance for this technology are supported by 'stretching present performance devices' with high confidence. 6 pages per second, 1600 dots per inch resolution, 5 color printing, 8.6 gigadrop video rates, 9 or 10 driver chips per A4 width ... all checks out.

I'd sure like to see one of these in action!

The huge market of course isn't really the mid-market, but would be as an enabling technology for the burgeoning "digital printhouse" world. Being able to print Elephant stock or A0 (85 x 120 cm) at over 2 sheets per second, in full CMYKk resolution without plates, laser xerography, or other semi-parallel approaches would be quite a boon. Especially appealing for printing low-run custom softcover books with all sheets interleaved on an individual page basis. Maybe some of our printing professionals can enlighten what opportunities would arise in being able to print an unlimited stream of individually different sheets at full rate and resolution viz a vis book and other bound material pritning?