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Bayshore Petroleum Corp. (TSXV:BSH) has announced it has entered into a Memorandum of Understanding with a private oil/gas company operating in Saskatchewan pursuant to which Bayshore will construct a small-scale heavy oil upgrading facility utilizing a proprietary cold catalytic cracking process.
Bayshore Petroleum Corp. (TSXV:BSH) has announced it has entered into a Memorandum of Understanding with a private oil/gas company operating in Saskatchewan pursuant to which Bayshore will construct a small-scale heavy oil upgrading facility utilizing a proprietary cold catalytic cracking process.
Highlights from press release:
– Pilot project, to be located in the Meota area of Saskatchewan, is expected to initially process and upgrade 350 barrels of heavy oil (10° API) per day from the Meota field into diesel-quality oil, synthetic gas and coke.
– The upgrader will be constructed to permit input capacity expansion to 1,000 barrels of heavy oil per day in conjunction with the field development plan
Click here to read full Marketwire press release.
