Times are so Tough in the Oil Sands, Companies May Have To Collaborate

Topics: R&D
Source: Getty Images.

Everybody wants collaboration but nobody wants to give away their secrets. Consider the Canadian oil sands, where future growth depends on drastic changes to lower the costs and emissions associated with extracting ultraheavy crude.

“When I look forward, I think about Canadian oil sands competing in a world that will require more collaboration than the industry has done,” said Rich Kruger, chief executive officer of Imperial Oil, explaining, “collectively we will have to lower costs and that will require collaboration.”

There are signs that is happening. A group created to bring companies together to speed solutions on environmental issues, the Canada’s Oil Sands Innovation Alliance (COSIA), recently changed its focus on collaboration related to health, safety, and environmental issues to allow work on subsurface issues, which are often proprietary.

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Times are so Tough in the Oil Sands, Companies May Have To Collaborate

Stephen Rassenfoss, JPT Emerging Technology Senior Editor

01 April 2017

Volume: 69 | Issue: 4