Oil & Gas Industry
Oil & Gas Industry, PetroLuxus™ and Planet Resource Recovery, Inc.
Over 400 billion barrels of technically recoverable oil remain undeveloped and are yet to be discovered in the United States, according to a 2006 report by the U.S. Department of Energy. Following the application of conventional oil recovery technology in discovered fields, 374 billion barrels of U.S. domestic oil have remained "stranded" in place. With appropriate EOR technologies, the U.S. Department of Energy estimates that 100 billion barrels of this "stranded" resource may become technically recoverable.
The PetroLuxus™ platform of products has exceptional oil recovery characteristics. When introduced into an environment associated with traditional and non-traditional oil, the result is that the oil loses its attraction to other materials such as rock, sand, water and minerals, and thus separates more readily. PetroLuxus™ dramatically reduces the frictional coefficient of the oil allowing it to flow more readily. The latter influence produces the effect of reducing the relative viscosity of the oil by as much as ten times. The PetroLuxus™ platform of products are designed for well stimulation, cleanup of the production string and tubulars, waterflood treatments to increase oil production and Enhanced Oil Recovery.