Oil Shale Exploration Company

Oil Shale Exploration Company (OSEC) is a Utah based oil shale exploration and development company. It has been involved in the development of oil shale since 2005.cite news
publisher = Upstream Online
title = Trio leap into oil shale venture in Utah
url= http://www.upstreamonline.com/live/article156711.ece
date = 2008-06-09
accessdate=2008-08-18]

Operations

OSEC owns or lease more than convert|30000|acre|km2 of oil shale property in the Green River Basin in Utah, containing more than 3-4 billion barrels of shale oil. It also lease from the United States Bureau of Land Management the abandoned White River Oil Shale Mine convert|45|mi|km southeast of Vernal, Utah. The White River Mine was developed by the White River Shale Corporation in the early 1980s. In 1986, after termination of operations, the mine and surface facilities were turned over to the Bureau of Land Management.Cite conference
publisher=28th Oil Shale Symposium
title=OSEC's Utah oil shale project
author = Gary Aho
date=2008
url=http://mines.conference-services.net/viewPDF.asp?conferenceID=1128&abstractID=163308
format=PDF
accessdate=2008-08-18] OSEC intends to reopen the mine to supply oil shale for testing, development, and operation of a surface-based 50,000 bbl/day RD&D oil shale retort facility.

Technology

Originally OSEC planned to use the Alberta Taciuk Process (ATP). To use the ATP retort technology, OSEC entered in to a license agreement with AECOM, an owner of the ATP property rights. However, on 9 June 2008, OSEC announced it has signed an agreement with Petrobras and Mitsui according to which Petrobras agreed to undertake a technical, economic and environmental commercial feasibility study of Petrosix oil shale extraction technology for oil shale owned or leased by OSEC in Utah. Mitsui will provide advice the project management.

hareholders

OSEC is a limited liability company formed by following companies:
* L&R Energy, Inc.
* Twin Pines Coal Company
* Shale Investments, LLCCite paper
publisher=United States Department of Energy
title=Secure Fuels from Domestic Resources: The Continuing Evolution of America’s Oil Shale and Tar Sands Industries
date=2007
url=http://www.nevtahoilsands.com/pdf/Oil-Shale-and-Tar-Sands-Company-Profiles.pdf
format=PDF
accessdate=2008-08-18]

Brazilian oil company Petrobras and Japanese investment and trading company Mitsui have a right to acquire 10%-20% interests each in an oil shale joint venture with OSEC.cite news
publisher = Reuters
title = Oil Shale Exploration Company Signs Agreement with Affiliates of Petroleo Brasileiro
url= http://www.reuters.com/article/pressRelease/idUS137163+09-Jun-2008+BW20080609
date = 2008-06-09
accessdate=2008-08-18] cite news
publisher= Oil Voice
title = Oil Shale Exploration Company Signs Agreement with Affiliates of Petrobras and Mitsui
url=http://www.oilvoice.com/n/Oil_Shale_Exploration_Company_Signs_Agreement_with_Affiliates_of_Petrobras_and_Mitsui/99376b15.aspx
date = 2008-06-10
accessdate=2008-06-21]

References

External links

* [http://www.oilshaleexplorationcompany.com/ Company website]