Posts Tagged ‘recoverable oil’

Dana selects Cosco for $1.5 billion UK Western Isles FPSO

Cosco to build Sevan-designed cylindrical Dana FPSO The UK-based Dana Petroleum (Dana), a subsidiary of the Korea National Oil Corp (KNOC), and its partner Cieco (Itochu Oil Exploration Corp. LTd), awarded to the Chinese Cosco Shipyard Group (Cosco) the engineering, procurement and construction (EPC) contract for its Western Isles Floating Production […]

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SAGD

Definition SAGD is the acronym of Steam Assisted Gravity Drainage. The Steam Assisted Gravity Drainage is a process to produce oil from tar-sands. Comments The SAGD process has been developed in Ontario, then in Alberta by Imperial Oil (ExxonMobil) in the years 1970s. Canada holds the most important reserves of extra […]

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