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New Tar Sands Projects Can Be Economically Viable

Tar sands are a mixture of hydrocarbon-rich bitumen mixed in sandstone layers. When the hydrocarbons are separated, the bitumen released is a heavy, black and sticky semi-liquid of high viscosity. Today, SRI Consulting published its new Heavy Oil from Tar Sands report, a technical and economic analysis of production processes, capital and operating cost estimates, important issues that impact the industry, and key drivers for success and failure.
Author and Senior Consultant Anthony Pavone commented, "With rational engineering and prudent business decision making, grass roots tar sands projects should be economically viable at benchmark crude oil prices below US$60 a barrel."

Friday 19 December, 2008 01:08 AM

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