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Innovation


Commercializing Innovation

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Innovation


Commercializing Innovation

For all countries, the development of stable and effective energy technology is critical for both industries and consumers.  Commercialization of innovative energy technology has resulted in the global drop of the average price of crude oil from over $100 per barrel to approximately $40 per barrel, with the likelihood of it staying under $75 per barrel over the next decade.  Furthermore, the rapid advancement and deployment of utility-grade renewable power will not only have positive environmental benefits but will also help to reduce the long-term demand for fossil fuels.

The below technologies list just a few areas that Pelagos Energy is involved with.  Should you have questions or a new technology that you would like to bring to our attention, please connect with us via the Contact page.

 

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Waterfllod Oil Recovery


Waterflood Oil Recovery

Waterfllod Oil Recovery


Waterflood Oil Recovery

About Waterflood


50% Recovery Rates

About Waterflood


50% Recovery Rates

Waterflood crude oil recovery is a relatively low risk/high return aspect of investment in oil.  When the location of the oil has been proven, this secondary recovery method generally extracts far more oil than the initial higher risk drilling project.  It is also less expensive which translates into higher returns for the investment dollar, especially when the source of the water is located in the same geological location.

Primary production only recovers 15% to 30% of the oil in place. Early success with waterflood in lengthening oil production by years made it the natural step after primary production to recover additional oil from reservoirs where the production rate had declined to low levels.   Although the effectiveness of water injection varies according to the formation characteristics, Pelagos Energy has sourced various waterflood projects that can recover anywhere up to 50% of the oil remaining in the reservoir, greatly enhancing the productivity and economics of the development.

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Enhanced Oil Recovery


Enhanced Oil Recovery

Enhanced Oil Recovery


Enhanced Oil Recovery

About EOR


Non-Fracking EOR

About EOR


Non-Fracking EOR

Traditionally, oil fields largely have been exploited through natural depletion: engineers drill a hole and the pressure in the reservoir forces out the oil. This conventional process is only able to recover about 20% of the original oil in the reservoir, leaving up to 80% of the known oil stranded in place (USGS). Over the decades, energy companies have developed enhanced oil recovery (EOR) procedures that include injecting water or gas into the reservoir to force out more of the oil, boosting the recovery factor to around 30%.

Today, generating geothermal heat versus fossil-fuel-driven EOR techniques can deliver constant and sustainable heat into an oil reservoir (especially heavy and super-heavy oil) to significantly decrease oil viscosity (by several orders of magnitude) thus improving oil recovery to ease the flow of oil and recover 30% to 60%, or more, of the stranded oil reservoirs.  Pelagos Energy has partnered with innovation leading companies to help deliver this next-generation integrated thermal EOR solution to the oil and gas industry. 

Thermal EOR Benefits

• Increasing recovered oil from existing and “depleted” fields by 40% to 60%.

• Lower viscosity, improve flow rate.

• No transportation cost for feed fuel.

• Base-load energy: continuous supply of heat to oil reservoir.

• Constant OPEX for thermal delivery.

• No water usage (except the initial filling of the closed loop).

• Minimum exploratory risk.

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Geothermal


Enhanced Geothermal Systems

 

Geothermal


Enhanced Geothermal Systems

 

About EGS


Closed-Loop Heat Pipe System

About EGS


Closed-Loop Heat Pipe System

Pelagos Energy has sourced the next generation of patented 100% renewable non-fracking geothermal energy technology.   The technology is a closed-loop heat pipe system that delivers 5 to 500+ megawatts of renewable base load (24x7x365) power at a relative cost much lower than other renewable technologies available today and on par with brown power.

This system is superior to prior generation enhanced geothermal systems (EGS) in several important ways. First, it does not require the creation of an underground water reservoir and does not require fracturing. As a result, the power generation system can be located anywhere there is a source of adequate ‘hot dry rock’ which is far more prevalent than the combination of hot rock and adequate water supply as required by other EGS systems. The heat-pipe system can effectively generate thermal power with low levels of geothermal heat and do so for decades.

Because the system is closed-loop, it has limited environmental impact, creates no pollution and can operate in existing wells or in new wells.  As a result of having a completely closed-loop system and not requiring a water reservoir, there are no troublesome environmental issues and the system produces clean, renewable, sustainable energy with a zero carbon footprint.