Heavy Oil Investing News » New technology aims to extract heavy oil from rocks

New technology aims to extract heavy oil from rocks

October 6, 2008 @ 3:37 am In Heavy Oil Market News

BP Exploration reported that encouraging results were obtained in a test of its new technology to extract heavy oil.

BP spokesman Steve Rinehart said:

This is really good news because this is a giant resource, with about 20 billion barrels of oil physically in the reservoir. We think the time is right to go after it.

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