FluidOil Limited Appoints Celicourt Communications

London, UK – March 10, 2017 – FluidOil Limited has appointed Celicourt Communications as its financial and corporate public relations adviser. Celicourt will help FluidOil build links with key stakeholders globally and will help the company raise awareness of the progress it is making with the commercialisation of its VHTL heavy oil upgrading technology.

Celicourt is a London-based strategic communications agency, which specialises in the natural resources, energy and industrial sectors.

Media Enquiries
Celicourt Communications
Ian Middleton / Jimmy Lea
E:  fluidoil@celicourt.uk
T:  +44 20 7520 9272
M: +44 7885 508 527

FluidOil Limited Moves to New Head Office and Finalises Heavy Oil Upgrading Technology Test Programme

London, UK – March 1, 2017 – FluidOil Limited has moved its head office to Eastlands II, London Road, Basingstoke RG25 4AW, United Kingdom. The new offices provide significant growth potential and set the company up for the next stage in its development as it looks to commercialise its VHTL heavy oil upgrading technology.

FluidOil-Head-Office

Heavy oil upgrading technology test programme
FluidOil, the independent international heavy oil technology company, has finalised a six-month testing programme to prove and optimise the commercial benefits of its proprietary and patented heavy oil upgrading technology.

During a previous testing programme, conducted at its pilot plant in the UK, FluidOil demonstrated that its VHTL technology increases the viability of heavy oil production by substantially reducing the viscosity and upgrading heavy oil to higher value synthetic crude oil, which easily reaches pipeline specifications.

This new testing programme will be managed by a team from FluidOil using its Feedstock Test Facility (FTF) located at Southwest Research Institute (SwRI) in San Antonio, Texas, USA, and purchased by the Company as part of its acquisition of Ivanhoe Energy’s Heavy-to-Light (HTL) processing technology in January 2016.

The FTF will be run initially with Ivanhoe’s HTL technology to establish an upgrading baseline, after which the FTF will be adapted to process heavy oil using the FluidOil’s VHTL technology. The results of these tests will quantify the commercial benefits of VHTL and will support the engineering and design of commercial facilities.

Charles Parker, CEO of FluidOil, commented: “This testing programme will provide further evidence that our upgrading technology will be a paradigm shift for heavy oil production. We expect the results to validate the financial and environmental benefits of VHTL ahead of commercialisation later in 2017.

“With global crude oil demand set to continue to rise and conventional oil resources being rapidly depleted, the need for cost effective heavy oil upgrading solutions remains of paramount importance to the industry. We firmly believe that VHTL will provide a cost-effective and environmentally sound way to create greater economic value from heavy oil.”

For more information, contact:
FluidOil Corp.
Telephone: +44 (0) 20 7043 0720
Mobile: +44 (0) 7951 561287
Email: cparker@fluidoil.co.uk

 

FluidOil Completes Acquisition of Ivanhoe Energy IP

London, UK – April 4, 2016 – FluidOil Limited, a provider of oil upgrading technology solutions, has completed the acquisition of the intellectual property of Vancouver, Canada-based Ivanhoe Energy Inc. (“Ivanhoe Energy”) as well as the acquisition of its Texas, USA-based subsidiary Ivanhoe Energy Holdings Inc.

Ivanhoe Energy was recognised as an international leader in heavy oil development and production with core operations in Canada, Ecuador, China and Mongolia. The acquisition includes Ivanhoe Energy’s irrevocable licence to its HTL heavy oil upgrading technology, which provides an alternative to the traditional approach to the transportation of heavy crude oil.

The acquisition consolidates FluidOil’s position as a global leader in onsite oil upgrading technology. Ivanhoe Energy’s HTL technology will be incorporated into FluidOil’s existing Viscositor technology to create a fully patented, enhanced, heavy oil upgrading solution, to be called Viscositor HTL.

Viscositor HTL will provide a commercially attractive solution to enable on-site upgrading of heavy oil to circa. 30 degree API light oil whilst producing less than 0.3% Olefins. This enables oil producers to increase the value at the wellhead of each barrel of oil produced by eliminating the need to purchase or transport site diluents, supplying higher grade oil direct to refineries and reducing energy usage. The technology will also be used to process waste oils.

Charles Parker, FluidOil CEO, said: “We are extremely excited about this acquisition which fits well with our strategy to provide market-leading heavy oil upgrading solutions. By installing Viscositor HTL technology at the production site or midstream in the supply chain, countries and companies being squeezed by declining rates of benchmark crudes will realise significant improvements in the feasibility and economics of producing and refining heavier crude oils.”

FluidOil, with its Canadian joint venture partner, Red Giant Energy Services (“Red Giant”), intends to test the combined Viscositor HTL technology at Ivanhoe’s Feedstock Test Facility in San Antonio, Texas, USA, secured with Red Giant as part of the acquisition. The data from these tests, together with data from tests being conducted on FluidOil’s pilot plant at its development centre in London, UK, will be used to finalise the engineering of a 300 barrel per day commercial demonstration plant to be commissioned in Alberta at the end of 2016.

For more information, contact:
FluidOil Corp.
Telephone: +44 (0) 20 7043 0720
Mobile: +44 (0) 7951 561287
Email: cparker@fluidoil.co.uk