Energy Industry Competitor Analysis

enhanced oil recovery

EER is in a unique competitive position within the Oil and Gas Industry

Based on EER’s research, there are three main energy industry competitors to the BRRTM Process:

  1. Ongoing new discoveries of oil reserves;
  2. The use of steam to recover heavy crude oil from exhausted oil wells, employed primarily by the major oil companies; and
  3. The use of selected specialised nutrients to increase oil mobilisation and movement employed by a US company called Titan Oil, Inc.
The Competitive Advantages of the BRRTM Process v New Oil Discoveries

The BRRTM Process has the following major advantages over new oil discoveries:

  • The last major oil fields to be discovered were the Alaskan North Slope (1967), Siberia (1968) and the North Sea (1969) * ;
  • Between 1967 and 2005 the world’s largest oil producer (Saudi Arabia) conducted intense oil exploration and discovered only one significant oil field * ;
  • There are 58 countries producing less oil today than in the past due to the fact that they have made no major new oil discoveries * ;
  • The only region of the world where oil production has not peaked is the Middle East.

( * Source: A Crude Awakening – The Oil Crash (2007));

The Competitive Advantages of the BRRTM Process v Steam Recovery

The BRRTM Process has the following major advantages over the use of steam for the recovery of heavy crude oil from exhausted oil wells:

  • It can be adapted to the various states of the heavy crude (eg: high sulphur content) to ensure that the recovered oil requires as little further refinement as possible;
  • It does not require the construction of the costly new infrastructure for steam recovery;
  • It does not require the massive amounts of energy required to produce the steam that is the foundation of the steam recovery method;

The chemical surfactants used in steam recovery have inherent environmental risks, and are vulnerable to heat and pressure.

The Competitive Advantages of the BRRTM Process v Titan Oil and other MEOR Processes.

Feature

Titan Oil

BRRTM Process

Increase oil mobilisation/movement

enhanced energy recovery competitive advantage

enhanced energy recovery competitive advantage

Increase oil recovery by improving water flood sweep efficiency

enhanced energy recovery competitive advantage

enhanced energy recovery competitive advantage

Decrease the percentage of water content in recovered oil

enhanced energy recovery competitive advantage

enhanced energy recovery competitive advantage

Increase oil recovery by reducing the surface and interfacial tensions of oil

enhanced energy recovery competitive advantage

Increase oil recovery by enhancing oil degradation to reduce viscosity

enhanced energy recovery competitive advantage

Increase efficiency of oil recovery by plugging large spaces and increasing pressurisation

enhanced energy recovery competitive advantage

Increase oil recovery from oil sands

enhanced energy recovery competitive advantage

Enhanced Energy Recovery Inc.

Information Memorandum

Titan Oil represents the closest competitor to the BRRTM Process, business model, and primary target market (being the USA). It’s potential and, by association, that of EER was described by 321gold founder Bob Moriarty in a recent interview with The Gold Report as:

My very favourite company right now …. It will be the Google of investing. It’s a company called Titan Oil Recovery Inc. …. In the oil business, most oil gets left in the ground. …. This process (the Titan Oil process) is going to be worth many billions of dollars.