Well Resources Joins Industry Leaders Presenting at the Global Petroleum Show Conference

Calgary, AB, May 2, 2019 – Well Resources is pleased to announce its participation at the Global Petroleum Show (GPS) Technical Conference in Calgary, Alberta on June 13, 2019.

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GPS is North America’s leading energy expo and conference, where government officials and oil and gas executives convene to discuss the latest technologies, processes, and innovations aimed at shaping the future of the energy industry.

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Well Resources' session titled “Utilizing a novel petroleum residue processing technology for partial upgrading” will summarize commercial developments of SELEX-Asp, provide case studies of its use for residua processing, and describe how it can be incorporated in a partial upgrading scheme.

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Overview:  

 

Ultra-heavy crudes and bitumen (such as those originating from Alberta's oil sands) are known to be costly to transport and process into consumer-grade fuels.

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The majority of bitumen produced in Canada is exported as a raw product that must be blended with a significant volume of diluent to meet minimum pipeline transport specifications. While diluent use represents a major cost to the producer, it doubly impacts the Canadian energy sector by occupying valuable pipeline space, which is an important consideration when pipeline capacity is constrained. Further, there exists a limited number of refineries domestically and in the continental United States that are configured with specialized coking or ebullated bed hydrocracking processes for handling these heavy feedstocks.

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Well Resources has successfully developed and commercialized the Selective Extraction of Asphaltenes (SELEX-Asp) process that is uniquely capable of removing virgin asphaltenes from petroleum residua as solid granules. Asphaltenes are the low-value, carbonaceous, contaminant-rich, poly-cyclic compounds that greatly increase the density and viscosity of heavy crudes, and are primarily responsible for heavy crude processing difficulties at the refinery. Removal of the problematic asphaltene component from petroleum residua allows for the remaining deasphalted oil to be transported by pipeline with significantly reduced diluent requirements, and the resource is transformed into a premium feedstock that can be processed in any conventional refinery. Implementation of SELEX-Asp early in the bitumen value chain will expand the competitiveness of Canadian energy.

 

“We are excited to discuss solutions to Alberta’s pipeline capacity problems using our technology that is already used internationally by refiners”, says Warren Chung.

 

Take advantage of this great opportunity to hear Well Resources' unique perspective.

 

Conference Registration: https://globalpetroleumshow.com/register

 

Interested to learn more? Contact us at info@wellresources.ca.