RE: Petrobras Oil Shale-Brazil - bulrush"This is long term daze. See, PetroBras and WHD"
Hi bulrush. Petrobras is helping WHD develop gas. rich47.
Petrobras has been processing oil shale in Brazil yesterday, last week, last
decade for over
30 years .
"
Petrobras, which has been producing oil from shale commercially for 30 years in Brazil's Parana state, is seeking to expand oil output in the U.S. and other markets and to use its patented
Petrosa processing technology to diversify the sources of oil, according to the statement.
The company only produces about 3,800 barrels of oil a day using its process in Brazil. If it's proven viable, the Utah project, which will receive $12 million for studies over the next 12 months, can produce much more, Epifanio said.
``Petrobras never does anything small,'' he said. ``In Brazil we developed this 30 years ago out of necessity. We didn't have many other sources of oil, but we have been developing and perfecting the technology since then and are looking for projects that would allow us to use it on a larger scale.'' https://www.bloomberg.com/apps/news?pid=20601101&sid=a7GoYrjLZeE0&refer=japan
The recent involvement highlighted above is with U.S. shale, however at some point some company is going to recognize the shallow Canadian deposits held by several companies in Saskatchewan.
Also see goldendaze's other post: Petrobras - Petrosix Products https://www.stockhouse.com/Bullboards/MessageDetail.aspx?p=0&m=23458771&l=0&r=0&s=GNZ&t=LIST