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Extend well pay period as much as 10-20 years:
The overall interest and profitability of a heavy oil recovery project could increase significantly by extending the pay period by as much as 10-20 years and enhancing the recovery factors.
Minimial additional exploration and development expenses:
Typically, exploration costs are the major risk associated with traditional oil and gas projects. Profero technology can be applied where previous exploration has already identified and characterized the assets of a particular site and most of the key details associated with a field are known.
Minimal reserve development costs:
Much of the infrastructure required to stimulate a well with the Profero technology is required for traditional development and recovery. As a result, most of the development costs needed to implement Profero's technology are attributable to stimulation fluid costs and not reserve development and completions.
Delay remediation liability costs:
At the end of a well’s production, the producer is rightly required to return the well sight to pre-drilling conditions. This remediation liability can range from $50,000 to as much as several million dollars. Implementation of the Profero technology delays and offsets - with new income - this remediation expense by creating new resource potential and extending the payout period. In both cases, capital reserves available for other projects increase.






