Replies to post #33266 on QS Energy Inc (QSEP)
Working through QS Energy's strategic partner in China, a variety of government agencies and the leadership at PetroChina have explored the potential for AOT to improve flow and mitigate pipeline capacity limitations. Following the installation in 2012 of an AOT prototype on a closed-loop line and active commercial pipeline in the Daqing Oilfield, an official report was produced by the China Petroleum Pipeline Bureau (CPP), PetroChina, and the PetroChina Pipeline R&D Center. In addition to citing AOT's efficacy in successfully demonstrating "a breakthrough in crude oil viscosity reduction", tests conducted by PetroChina with Daqing crude oil showed significant viscosity reduction and flow rate improvement. More recently, in response to the weakening of global spot prices earlier this year, discussions between our strategic partner in Beijing and top tiered oil transportation companies have resumed with the goal of identifying deployment opportunities within China's fast growing, highly innovative energy sector. At the beginning of this month, a confidential Applied Oil Technology White Paper containing updated information about the value engineered AOT hardware and a detailed cost/benefit analysis was translated into Mandarin for distribution to officials at China's principle crude oil production and transportation entities.
Following an extensive, multi-year review of potential deployment locations for AOT systems, we have sent representatives to give initial presentations to the leadership of some of Russia's principle crude oil producers and transporters. Our immediate goal is to secure a variety of 4-gallon oil samples from the largest basins for testing by Temple University. With sufficient viscosity reduction data and metrics concerning pipeline characteristics we expect to produce detailed hydraulic analysis output to predict the potential of AOT to improve the flow of Russia's heavy and super heavy crude on key portions of their over 70,000 miles of pipeline infrastructure. At the request of the government and industry officials QS Energy representatives have translated a confidential Applied Oil Technology White Paper into Russian and submitted them to several Russian oil transportation companies for further review and consideration.
10/17/16 5:33 PM
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