If one does Web searches on Nevtah the results are not very encouraging in that their field progress does not appear to match up well with their product claims. Also, regarding Petrozene, it would be interesting to find out how much of the residual hydrocarbons in an oil field can actually be reclaimed, as a percentage of the total hydrocarbons in the ground.
If conventional pumping extracts, say, about forty-five percent of the total, what percentage of the remaining approximately fifty-five percent will Petrozene extract, and at what cost per bbl. It is estimated that heat treatment of a formation, for example, can remove about eighty percent of the remaining fifty-five percent, at a cost of about $12 per bbl -- these estimates are based on computer simulations and actual deployment of this kind of technology on a commmercial basis is approximately three years out.
It would be interesting to ask Raytheon, a microwave play, what their estimates are for total extraction percentage. It is highly unlikely that GBRC would have estimates in this regard given their limited financial resources for funding computer similations. They were queried, for example, regarding the penetration depth of their microwaves in an oil shale in situ situation and simply did not have an answer.
So, does Raytheon have any idea what their extraction cost per bbl is using microwave -- they've been at it for some time and perhaps have a clue that could serve as a benchmark for others using this technology.
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