Technology
Originally OSEC planned to use the Alberta Taciuk Process (ATP). To use the ATP retort technology, OSEC entered into a license agreement with AECOM, then owner of the ATP proprietary information. However, on 9 June 2008, OSEC announced it had signed an agreement with Petrobras and Mitsui according to which Petrobras agreed to undertake a technical, economic and environmental commercial feasibility study of Petrosix shale oil extraction technology for oil shale owned or leased by OSEC in Utah. Few results of the study were disclosed. After acquiring 100% of OSEC shares in March 2011, Eesti Energia announced it would conduct a new commercial study using its Enefit Process.
Read more about this topic: Enefit American Oil
Famous quotes containing the word technology:
“If the technology cannot shoulder the entire burden of strategic change, it nevertheless can set into motion a series of dynamics that present an important challenge to imperative control and the industrial division of labor. The more blurred the distinction between what workers know and what managers know, the more fragile and pointless any traditional relationships of domination and subordination between them will become.”
—Shoshana Zuboff (b. 1951)
“Primitive peoples tried to annul death by portraying the human body—we do it by finding substitutes for the human body. Technology instead of mysticism!”
—Max Frisch (1911–1991)
“The real accomplishment of modern science and technology consists in taking ordinary men, informing them narrowly and deeply and then, through appropriate organization, arranging to have their knowledge combined with that of other specialized but equally ordinary men. This dispenses with the need for genius. The resulting performance, though less inspiring, is far more predictable.”
—John Kenneth Galbraith (b. 1908)