07 March 2012 03:10 [Source: ICIS news]
HOUSTON (ICIS)--The rising production of shale oil in the ?xml:namespace>
Producers are unlocking new oil reserves by using similar techniques employed for shale gas.
The result is shale oil, which has so far proven to be of a lighter grade, said Bill Sanderson, vice president of IHS Purvin & Gertz, an energy consultancy.
Sanderson made his comments during a panel discussion at IHS CERAWeek, which is being held at
However, shale-oil production is still too low to offset the large amounts of heavy crude processed by US refiners, Sanderson said.
“You will need a huge volume of very light material to completely change that picture,” he added.
Shale oil can be blended into the heavier grades, said
In addition, splitters can be built to remove the condensate and lighter fractions from shale oil,
If the refinery is built, it will process Bakken crude and market it in the region.
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