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DRILL CUTTINGS Oil Drill
Cuttings are the waste product generated during the drilling
of oil wells. These cuttings are bits and pieces of oil soaked
soil and rock. A typical oil well can generate between 5 -10
tons of cuttings an hour. Oil companies are currently paying
approximately $30-$75 a ton on land to dispose of
these cuttings. For off shore oil operations, the cost can
rise to as much as $1000 a ton. The disposal consists of
nothing more than hauling away the cuttings and depositing
them in landfills that accept such hazardous waste. The GRC
process can extract useable oil from the cuttings, at an
economical cost, leaving clean fill.
MARKET EXAMPLE
In the US onshore segments, drill cuttings can be disposed of
as non-hazardous wastes, typically at a very low per barrel
cost. Offshore drillers in US waters can discharge the
cuttings overboard as long as they do not contribute to
‘sheen’ in the water and have less than 6.9% hydrocarbons
remaining. The jurisdictions with the most stringent
regulation and therefore the highest costs of disposal are the
North Sea and in the waters around Canada. Disposal costs in
The North Sea alone are estimated at 50% of drilling costs.
Due to the high cost of disposal, these areas present the best
opportunities for the development new innovations.
The worldwide drilling
disposal costs are estimated at $600 million (source “Rising
Drilling Costs Promote Novel Technologies Approach” Oil and
Gas Journal 8/11/03). The US market is article dominated by
one company, North Park Resources, with 80% of the Gulf Coast
disposal market. North Park alone disposed of 3 million
barrels in 2004 which generated $64 million revenue ($21/B) by
collecting and transporting the cuttings to a salt cavern and
dumping.
GRC TECHNOLOGY
The OIL CUTTINGS are bombarded with our specific microwave
frequency in the form of “molecular vibrations” which causes
the “cracking” of the hydrocarbon chain. As a result, the
hydrocarbon components in the OIL CUTTINGS are gasified. The
NATURAL GAS is then collected – the remaining gases are
converted into OIL.
Our Goal – cleaning the
hydrocarbons from the CUTTINGS to create environmentally clean
fill that can be returned to its original location or used for
other projects.
ENVIRONMENTAL IMPACT
The GRC Energy Recovery Technology operates in a vacuum. THE
RESULT - nothing is released into the environment and less
energy is required.
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FOLLOWING LINKS FOR ADDITIONAL INFORMATION
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