OMV's ReOil recycling process produces
synthetic crude oil from used plastics.
Our industry leading Oil Sands Mining and Upgrading operations delivered record annual production of 426,190 bbl/d of
Synthetic Crude Oil ("SCO") as a result of strong production at Horizon and a full year of production from the Athabasca Oil Sands Project.
When oil prices were in the $100-110/b range and American shale oil and gas production became much less expensive, and assuming that the Syrian E&P regime was to improve for IOCs to invest, planners in Damascus pinned their hopes on these deposits to make the country an exporter of
synthetic crude oils.
Turning Shale Oil Into
Synthetic Crudes, Fuels, Aromatics & Metals: Important Japanese and South Korean consortia have been brought in to develop Uzbekistan's shale oil reserves and turn parts of them into
synthetic crude oils, fuels, aromatics and metals.
Junin 6's is a multi-billion dollar integrated project which is to include an expensive upgrader to turn the bituminous oil into
synthetic crude. Rosneft leads another grouping for Orinoco's Carabobo-II block, a $25bn venture which is to develop the bitumen into 480,000 b/d ultra-heavy crude requiring an upgrader to turn these into at least 200,000 b/d of
synthetic crudes.
The report presents a forecast of gas demand growth for both mining and in situ oil sands projects together with gas demand for upgrading raw bitumen to
synthetic crude oil in Alberta.
According to Royal Dutch Shell plc it explores for and extracts crude oil, natural gas and natural gas liquids; converts natural gas to liquids to provide fuels and other products; markets crude oil and natural gas; transports and liquefies gas; As well as extracts bitumen from mined oil sands and converts it to
synthetic crude oil.
Keystone XL would have linked existing networks in Canada and the US to bring
synthetic crude oil and diluted bitumen from Alberta's oil sands to refineries in Illinois and eventually to the Gulf of Mexico coast.