Organic Oil Recovery
Organic Oil Recovery ("OOR") is a biophysical technology where nutrients are designed to feed micro-organisms in reservoirs, doubling oil production in qualified oilfields while reducing CO2/bbl & H2S:
❑ The trillions of multiplied micro-organisms escape to oil in rock formations, releasing trapped oil.
❑ OOR is owned by Tigbourne's partner, Hunting plc.
01
A Pain Point In The Oil Industry
IOCs and NOCs always hesitates to invest in mature oilfields due to the high costs of EOR technologies and diminishing returns. Therefore, they are inclined to invest capital in newer assets. Nevertheless, these aging, high-water-cut fields retain substantial untapped reserves.
02
How Can Tigbourne Help?
Tigbourne is investing in OOR of IOC/NOC Oilfields treated by Hunting and offering two types of investments:
OOR Service Investment
❑ Tigbourne invests in OOR in IOC/NOC Oilfields. The incremental oil production will be shared between Oil Co and Tigbourne 50/50.
OOR Advance
❑ Tigbourne arranges CapEx/Acquisition finance (“CapEx”) against future Oil Deliveries and provides OOR Service Investment.
03
OOR Benefits
OOR Doubles oil production by:
❑ Increasing productivity 50%
❑ Extending the life of the Reservoir
OOR ESG Benefits:
❑ Decreases CO2/bbl by 40% and
❑ Reduces H2S, therefore production downtime
04
OOR Track Record
❑ Applied in 650+ oil wells across 70+ oilfields with a 98% success rate.
❑ Hunting manages 1.5 million bbl/d oilfields with OOR.
❑ Oil Operators with OOR Use or in Pipeline include:
CNOOC • Repsol • MOL • Husky/Cenovus
05
Qualified Oilfield Parameters
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Conventional Water Flooded Oil Wells
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Producer Wells: 100+ bbl/d.
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API Gravity: 12-48
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Bottom Well Temp: Below 121 ℃ (249.8°F)
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Permeability: greater than 1 mD
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Salinity: Below 10%.
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TDS: Below 240,000 ppm
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Porosity Range: 14-30%
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Water Cut: Below 94%
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pH range: 5.5 to 8.5
06
How OOR Service Investment Works?
❑ Tigbourne Invests in OOR Treatments of Oil Co Oil Wells
❑ Define Future Baseline
❑ Agree profit-distribution from Incremental Revenue
❑ Hunting Conducts Pilot Test
❑ Hunting Applies OOR in Oil Wells
❑ Production Doubles
❑ Incremental Revenues Distributed 50/50
07
How CapEx Finance Works?
❑ Tigbourne Finances & Purchases 5-Year Oil Deliveries
❑ Tigbourne SPV Pays Lifting, Mktg & OOR Costs
❑ Oil Co continues to Operate & Market Crude as usual
❑ Hunting plc Engaged to Service OOR in Oilfield
❑ Oil production Doubles improving Security
❑ Oil Co and Tigbourne Share Incremental Revenues 50/50