IETP Provides $41.5 Million For 9 New Technology Projects

摘要

In the third round of Alberta Energy's Innovative Energy Technologies Program, announced in mid-May, nine energy projects will receive royalty adjustments totalling up to $41.5 million. This is in addition to 16 previously reported projects.The approved projects were submitted by ARC Resources Ltd., EnCana Corporation, Husky Oil, Imperial Oil, Laricina Energy and Pengrowth Corporation. Using a variety of test products, including inert gas, polymers, acid gas and carbon dioxide, these initiatives could result in enhanced recovery techniques to reach previously inaccessible oil and gas deposits. Some of the projects will also examine ways to reduce water use and increase storage of CO2.