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Chevron leveraging information technology to optimize thermal production of heavy oil with increased recovery and reduced costs

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the steam required, represented by barrels of water, to produce one barrel of oil) from a peak of almost 8.5 for the first quarter of 2011, according to data from the California Department of Oil, Gas & Geothermal Resources (DOGGR). Worldwide heavy oil reserves by country. Oil production. Source: Chevron.

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Opinion: Busting The “Canadian Bakken” Myth

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It found the “thick and geographically extensive” Canol formation is expected to contain 145 billion barrels of oil, while the “much thinner” Bluefish shale contains 46 billion barrels. That license was estimated to have 625 million barrels of oil in place. “We billion barrels. a consulting company. China, and Argentina, combined.

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