Themotheon Nanostimulant Reservoir Technology

The world economy is growing, nations are industrializing and global per-capita energy consumption is on the rise - all requiring petroleum to support their development. This coalescence of growth dynamics has generated the single most rapid increase in demand for petroleum resources within modern history. Domestically, the United States oil production has dropped by 3 million barrels per day (bpd) over the past 20 years. This decline is not due to a decrease in resource base; rather, it is due to the fact that existing oil recovery methods recover only about 1/3 of the original oil in-place from domestic oil fields (Kuuskra, V – May, 2007 House Testimony), the rest remains “stranded” in the reservoir. This “stranded” oil constitutes about 390 billion barrels or a full 1/3 of the 1.124 trillion barrel U.S. domestic oil supply (Undeveloped Domestic Oil Resources, 2006). This resource is valued at more than $21.255 trillion dollars according to data from the Annual Energy Outlook 2007 (AEO); most importantly, producers are willing to premium prices for cost-effective technologies which enable the retrieval of these vast resources.

What is Thermotheon?

Geoternity’s Thermotheon™ uses the dynamic capabilities of nanotechnology to create an effect similar to an array of hundreds of millions of microscopic pumps which are embedded within the petroleum reservoir. These embedded pumps serve two purposes: First, they interact directly with the in-situ fluid to provide a decentralized pumping force; Secondly, they act as information collection points, allowing an operator analyze the information on oil field conditions on the surface and remotely control the pump strength, force, direction and other features. Thermotheon™ can be operated for a fraction of the cost of traditional steam flooding systems and remains active for the life of the well, allowing revenues to be collected from its operation 10, 20, even 50 years after a single reservoir treatment.

 

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