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Genoil Inc GNOLF

Genoil Inc. is technology-based company engaged in the development of technologies relating to the oil and gas industry. The Company specializes in heavy-to-light oil technology, oil field development and exploration and production. It is a provider of hydro conversion fixed-bed technology for the upstream and downstream oil and gas industry. It is also working with Chinese policy banks and Chinese companies to provide, project financing, drilling, production, and processing services to the oil and gas industry. Its technology consists of Genoil Hydroconversion Upgrader (GHU), which converts sour (high sulfur), heavy hydrocarbon feed stocks into lighter oil with higher quality distillates for conventional refining. The Company is also engaged in other technologies, such as oil upgrading and recycling, water purification port technologies, well testing, and sand cleaning. The Company markets its technology to customers in the Middle East, Russia and China.


OTCPK:GNOLF - Post by User

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Post by peterap2001on Jun 01, 2014 10:04pm
383 Views
Post# 22619656

100k bpd Oman Project

100k bpd Oman ProjectJust got added to projects section of the website today.  No press releases or anything yet, and not really clear on the stage of the project.  Still need to do a full pilot test at least, but it sounds like things are pretty far along for them to actually post it to the projects section.  

https://www.genoil.ca/main-projects/sultanate-of-oman.html

PostHeaderIcon Sultanate of Oman Mukhaizna Oil Field

Objective:

Oman Oil Company produces 100,000 barrels per day of Mukhaizna Heavy Crude Oil at its Mukhaizna oil reserve in the Sultanate of Oman. Since this type of heavy crude has a low value and causes difficulties for pipeline transportation, Oman Oil Company plans to have Genoil to upgrade it with Genoil’s patented Genoil Hydroconversion Upgrader (GHU) technology for the purpose of converting the Mukhaizna Heavy Crude Oil into light products, reducing sulphur, nitrogen and other compounds contained in the crude, and to increase its overall exporting value price in the market.  

Proposal:

The proposed Genoil Upgrader consists of the proprietary GHU and an Integrated Gasification and Combined Cycle (IGCC) section. By integrating with gasification and balance the pitch conversion with hydrogen and utility demands, Genoil’s unique, zero-waste, environment-friendly process can desulfurize heavy, sour  crude oil and with maximized profitability, efficiently convert it to light, sweet, crude oil, which enables the GHU and the overall Upgrader to become a truly bottomless, self-sufficient facility .

Feedstock Analysis:

Based on the provided crude oil information, Mukhaizna heavy crude is very viscous, with high density, high acidity, and produced by horizontal steam-flood technology. According to the nature of the crude, it could be sorted to the category of highly viscous, with high sulphur content, tertiary recovery heavy crude. It is one of the toughest stocks to processes employed by today’s refineries. 

Based on the expertise of Genoil Research & Development team, GHU could be used to process Mukhaizna heavy crude and produce synthetic crude with higher API degree, lower viscosity, and less sulphur content. First of all, the metal content (Ni + V = 69ppm) of the crude is in the affordable range of the hydrotreating system. A longer running life-expectancy could be anticipated. Secondly, although the sulphur content in the Mukhaizna heavy crude is more than 3%, GHU could decrease it significantly, at least, the sulphur content in the product of GHU could meet the specifications of the light crudes sold in the market.

Engineering Solution

Based on the supplied information of crude production and oil properties of Mukhaizna Heavy Crude Oil, the Oman Export blend and Mukhaizna Crude Oil were evaluated. It is recommended that the optimal treatment point should be Mukhaizna field, which means the best choice is to build field GHU plants. After upgrading treatment, GHU product oil could be mixed with light oil at Nahada gathering station, and then the blending crude goes to MaF export point. 

One proposed merchant upgrader near a remote oil field consists of GHU upgrader and an Integrated Gasification Combined Cycle unit (IGCC). The GHU converts the heavy petroleum feed into lighter products with the reduction of sulphur, nitrogen, metals and other compounds. After fractionation, the bottom product (heaviest portion) from GHU is a stable, high calorific, liquid residual stream suitable for gasification, which in turn produces hydrogen to support the hydrogenation process and the utilities such as fuel gas, electrical power and steam to run the whole upgrading facility.

Considering the 100 KBPD of Mukhaizna Heavy Crude Oil, two sets of upgraders are recommended with capacity of 50 KBPD each.

$

                            Table 1  GHU Product Slate

Product

BPD

Gasoline

13234

Diesel

18046

Gas Oil

60320

Total SCO

91600

                         Table 2 Comparison between Feedstock and GHU Product

 

Feedstock

GHU Product SCO

BPD

100,000

91,600

API

15.6

27.5

 

3.48

0.07

The preliminary simulation showed that, after GHU & IGCC treatment, the sulphur has been greatly removed as well as the reduction of nitrogen, metal contents. So it is good for pipeline transportation and increases its value price. The process route is as follows,

Again, it is noted the above data are roughly estimated through simulation. In order to get more accurate results, the pilot test is required.

Cost-Benefit Analyses

As described above, to process 100 KBPD heavy crude, two sets of GHU plants are required. For each set of plant (capacity of 50 KBPD), the cost estimate is as follows,

Unit

Cost ( Million US $)

GHU

99.56

SGU

52.57

ASU

24.10

HRU

16.28

SRU

57.88

CCU

39.03

UTILITY & OFFSITE

57.88

Sub-total

347.30

 

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