Oceanic Environmental Solutions (OES) Profile - May 6, 2012
In summary, OES has the key components for success:
- Motivated, knowledgeable and dedicated management team;
- World class technologies:
- A market that needs the OES solutions - "the right product at the right time"; and
- Strategic alliances with companies and individuals promoting our company here and abroad.
Jack Huber - 30 year Entrepreneur in Canada and USA
Mr. Huber brings to the company 30 years of diverse business experience in construction and manufacturing with an expansive business and government network.
Ian Brooker – Successful International Entrepreneur
Ian Brooker has a reputation as a dynamic, entrepreneurial executive with a successful track record leading numerous business start-ups while promoting aggressive corporate growth. He has directly led the start-up and growth of three successful fabricating and distribution companies including a global distribution company, whose product brand became recognized as a leader within the international oil & gas industry.
Chief Financial Officer
Terry Mereniuk - CFO for various public and private firms
Vice President of Business Development
Dr. Scott Shemwell, D.B.A. (Doctor of Business Administration) - Acknowledged authority in the energy services sector
Dr. Scott M. Shemwell is an acknowledged authority and thought leader in field operations and risk management with over 30 years of experience leading turnaround and transformation processes for global S&P 500 organizations as well as start-up and professional service firms
He has been directly involved in over $5 billion acquisition and divestitures as well as the management of significant projects and business units.
Vice President of Technology and Director
Tom Bryant – Consults worldwide on evaluation and development of applied technology
Mr. Bryant consults to companies worldwide on operational and technical matters including project management, equipment design and marketing. Much of his consulting work focuses on evaluation and development of applied technology and he continues to carry out independent research on emerging technologies that have wide application to industry. He has invented and developed proprietary technologies and systems for mineral processing and water treatment.
Vice President Sales and Marketing, USA and Director
Mr. Gummow brings many years of hands-on agricultural and foodservice business background with him to OES. He was a founding member of the Produce Marketing Association in the United States. He also re-introduced and re-defined existing federal laws designed to financially protect the agricultural industry.
Steve Cowper Advisor
In 1986 Mr. Cowper was elected Governor of Alaska. Mr. Cowper personally wrote legislation establishing the Alaska Science and Technology Foundation. Mr. Cowper is a former Chairman of the Alaska Permanent Fund, a US$42 billion public investment trust.
He was Lead Governor for Energy Policy for the National Governors Association and Chairman of the Interstate Oil and Gas Compact Commission (IOGCC), the federally-authorized oversight organization for state regulation of oil and gas production in the USA.
Olav Ellingsen Advisor
Mr. Ellingsen is a Mechanical Engineer who brings over 45 years of experience in the oil and gas industry and the agricultural and forestry industries.
Mr. Ellingsen is the Founder and Managing Director of INDUSTRIKONTAKT, ING. O. ELLINGSEN & CO, a private consulting and patent holding company based in Oslo Norway that is the owner of over 50 patents in a wide variety of industries. With an office in the Innovation Centre at the University of Oslo at Blindern, the company has performed numerous consulting jobs for different clients in financing, budgeting, production layout, patents and licensing. The company specializes in innovation, R&D, entrepreneurship and commercialization of new technologies.
Remediating oil-contaminated water requires some or all of the following technologies:
Enhanced Skim Oil Recoveries – better recoveries at the "skim oil" stage mean higher profit for the client and less oil contamination of the produced water. OES has designed systems that can be retrofitted into existing plants at the skim oil stage. This will enhance skim oil recovery rates and at the same time enhance the settling of suspended solids.
Oil/Water Separation – this is the primary step in produced water remediation. OES optimizes oil recovery by utilizing the appropriate licensed/patented aeration technology and the OES proprietary process system design. The system is simple, robust and economic to build and run. That lends itself to unmanned operation. Its production rate is dictated by its upper range, with no minimum. So, if flow rates drop, the system can accommodate the fluctuation in volume even to the point of periodic flow stoppage and restarts.
BTEX Elimination – Most standard oil/water separation systems cannot deal effectively with oil in solution. As a result, the BTEX portion (water soluble hydrocarbons such as benzene or toluene) slips through and creates unacceptable levels of overall hydrocarbon contamination even though the free oil portion may have been addressed. The OES aeration process system can be used to efficiently strip BTEX from solution. Unlike other stripping systems, the OES system has no filters or media that can get clogged by sediment or mineral deposits. In addition, this process can remove free oil and sediment, it can be tied in with chemical treatments and it can be used as part of a BOD/COD reduction system.
Produced Water BOD and COD Reduction – if the purpose of remediation is to permit release of cleaned water to the environment, high BOD (Biological Oxygen Demand) and COD (Chemical Oxygen Demand) can render the water harmful even if the oil has been dealt with. Reducing the BOD/COD levels prior to discharge is critical to meeting discharge regulations in many jurisdictions and OSE technology can play an important role in that.
Enhanced Settling of Solids and Heavy Metals – getting the solids out early in the remediation process protects the treatment system and keeps operating costs down. OES' proprietary process system design utilizing micro bubbles can enhance the settling characteristics of water by lowering the apparent specific gravity. Along with sediment, there can also be many kinds of suspended heavy metals that have been mechanically entrained or adsorbed onto settling particles through ionic attraction. The bubbles collect sediment particles into larger "clumps" that settle in the tank. Both mechanical and surface ionic effects can cause particles in suspension to collect on the bubble surface, agglomerating into a mass large enough to sink and breaking away from the bubble to drop to a collection area.
Treatment of Waste Streams from Water Remediation Technologies – Water remediation can produce an oily sludge or sediment that must be dealt with. Down hole disposal or landfill disposal is not always an option. Landfill regulations are now becoming more stringent, so in many cases, reducing the hydrocarbon content in the disposal stream can make the difference in securing permitting for a project. OES is working on an advanced bio-digestion system with a relatively small footprint that produces an end product suitable for landfill disposal.
Produced water is contaminated water brought to the surface when oil or natural gas is produced. The produced water industry in volume alone is three times the size of the oil industry. The world manages and disposes of more than 200 million barrels of produced water each day.
Industry sources say:
"Produced water handling and treatment represents an $18 billion cost to the oil and gas industry in the U.S."
Produced water treatment costs will increase due to environmental laws and increasing demand. Costs are also rising because new oilfield recovery techniques involve injecting massive amounts of fresh water into older wells. Many of North America's largest hydrocarbon deposits require substantial volumes of water to bring oil and gas to the surface. The OES solution can effectively and cost efficiently deal with this issue.
Hydraulic Fracturing is a common secondary recovery system that involves injecting deep wells with a solution containing a mixture that is over 90% water. The water then needs to be recovered and cleaned or disposed. The OES technology allows the water that returns to the surface to be processed and reused quickly and efficiently.
The need to be able to process hydraulic fracturing wastewater is particularly high in some areas, such as the Barnett and Marcellus Shale gas deposits in the U.S.
A report on the situation says:
"The amount of water needed to drill and fracture a horizontal shale gas well generally ranges from about two million to four million gallons (50,000 to 100,000 barrels), depending on the basin and formation characteristics."
There is growing public pressure to develop solutions where this water can be reused and even returned to the surface environment instead of being pumped into deep wells for disposal. One of the drivers of this trend is the fact that a large percentage of water used in hydraulic fracturing comes from surface water sources. In Alberta, surface water accounts for 74% of water used for oilfield injection.
The OES technology allows the water that returns to the surface to be processed and reused. This eliminates the majority of disposal costs, greatly reduces the cost of purchasing fresh water, reduces the environmental footprint of the project, and even increases the amount of saleable oil.
OFFSHORE OIL PLATFORMS
To give an idea of the scale of the market a report from 2009 said:
"Nearly 18,000 offshore wells were drilled over the last five years, with numbers peaking in 2007. The forecast is of a recovery in 2010, followed by consistently rising numbers up to 2013 to total over 20,000 wells over the five-year period."
"The total size of the market opportunity for (off-shore) final stage produced water treatment systems [equipment sales] is estimated to be around $4.3 billion for the next five years – and predicts that the size of market opportunity for topside produced water reinjection systems [water processed on a off-shore facility] is around $9.8 billion over the same period."
The off-shore market provides a tremendous opportunity for the OES technology. The OES Technology replaces multiple pieces of equipment, which becomes even more valuable in this environment where space is at a significant premium. Key strategic advantages of the technology for off-shore use include:
- Low space requirements: the unit is very compact compared with alternative technologies.
- Motion tolerance: Many gravity-based separation technologies have their efficacy greatly reduced by motion. The normal operating motion on a platform will not affect OES technology.
- High throughput/low retention time.
- Significant cost savings in construction of off-shore platforms; the construction cost for off-shore platforms is increased approximately $10,000 per pound of deck load. The low retention time required by the technology greatly reduces the weight of water in process (weight on deck) relative to the throughput.
- Wide input tolerances: Other technologies only perform at peak levels within a tight tolerance of input flow rates and/or the percentage of hydrocarbons in the input solution. This necessitates preconditioning or storage to buffer the flows which increases weight and space requirements. OES' technology can deal with flows from 0 to the maximum for that unit and fluctuations in hydrocarbon levels can be tolerated across a wide range.
The OES proprietary process system design allows the processing of the water on site to cost effectively and reliably meet the offshore discharge requirements of less than 29ppm total oil and grease. Many off-shore platforms do not have on-board hydrocarbon treatment facilities due to lack of space and facility design. These platforms must pay to ship produced water to onshore processing facilities, greatly increasing operating costs.
HEAVY OIL UPGRADING
Canada is one of the world's largest sites for heavy oil trapped in oil sand deposits. In Alberta alone, over $170 billion of oil sands, oil/gas and other related projects are securing government approval, are currently in development, or are under construction. This is a rapidly expanding market that creates opportunities for new technology. Oil sand producers consume over 540 million barrels of water annually in Alberta alone and pay produced water disposal costs exceeding $100 million per year. Forcing deposits trapped in oil sands or shale to the surface can require as much as 20 barrels of water for every barrel of oil produced. Canada's Athabasca River is the primary source for water used in northern Alberta oil sands exploration, development and production. Oil sands operations remove and use 2.5 billion barrels of water annually from the Athabasca River. In 2006 alone, some 540 million barrels of fresh water were contaminated as a result of oil sands exploration development and production. Tailing ponds near northern Alberta production operations that are used to store water contaminated with hydrocarbon solids are a major potential environmental hazard. They already cover 23 square miles and are visible from space with the naked eye. Not surprisingly, these tailing ponds have become a lightening rod for environmental organizations.
OES is working with an oil company in the United States to produce a finished water product suitable for agricultural use in an area desperate for water. With much of the southern US facing drought conditions, the water being produced by oil companies would be extremely valuable as it is "new" water that does not come from a surface water supply but rather from a water source locked in rock formations far below the earth. This is a multi step solution that utilizes a series of the technologies licensed from TECHCOS. Filtrate products will be sent to the Bio-Digestion process while the highly concentrated salt brines will be evaluated for use as a source for secondary minerals like lithium or magnesium.
Oceanic Environmental Solutions (OES)
18104 - 102 Ave., Edmonton, AB T5X 1S7
Accredited Investors interested in the Company call:
News for Oceanic Environmental Solutions:
Disclaimer: Corporate Profile as prepared and approved by featured company.
* Investorideas.com disclaimer / disclosure
The following profile is a paid for submission/ad. Please read our full disclaimer and disclosure regarding specific compensation. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. We attempt to research thoroughly, but we offer no guarantees as to the accuracy of information presented.