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INGRAIN at Oil Sands '08

Fri, 1 Aug 2008|

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Transcript

Good morning my name is JBA Vance and -- -- you from Calgary Canada at the side of pen wells oil sands and heavy will take -- technologies conference. Today we have the silver sponsor ingrained. And the president and CE OMR Enrique tunnel here to visit about some of the technologies that their company brings to the table as far as oil -- Enrique tell me first about your company does your very news. He has sort of brand -- company -- been around since August of 2007 so or about two weeks away from. -- -- -- -- -- Our company even though it's -- noon as a company. Has been around that as a research group for about thirty years now. We are basically -- -- like to think of it as a distillation. Over thirty years of research at Stanford university in rock faces. You've been sponsored for over thirty companies for over thirty years now to do research of Sanford. And about ten years ago the united chairman. The group that does Iraq -- -- -- at Stanford. Com happens in every kid I think I figured out a win. Finally being able to compute. Physical properties of rocks. From there images without actually having to put them in a laboratory and mentioned in the laboratory. And ten years ago this sound like science fiction and some actually -- sometimes it still does. But -- I was in Columbia -- to run seismic acquisition and processing company in South America. And I flew to Stanford to see him. And sure enough he had something very very solid in terms of them -- basic science foundation to to this methodology. We try to turn into a business proposition. But over the last ten years we ran into several obstacles the two most important ones we're one. The ability to actually image rocks -- high enough for a solution. To be able to -- anything from them and true. The ability to actually competed -- it turns out the computers. Up until a couple years ago which is not powerful enough to be able to do is that a commercial loan. The most basic simple combo of our -- would take days and sometimes weeks on the supercomputers it's time for. However. About. Last nineteen months ago actually a little over a year ago payments and I revisited. Our business plans and technologies and we found that. For some strange and fortunate coincidence. We had the ability to both images -- The rocks had not high enough a solution. And also the ability to compete you. The physical properties in a very fast. And efficient manner by outsourcing -- -- of computation. To clusters commercial clusters all over the world. So. We revisited -- business but. We went out to look for venture capital and sure enough. Few weeks later were open -- So it's it's been out. A very quick turn around -- could turn based on thirty years. Do you think there you -- to have you you -- that you can't discount discard them for you based in Houston Texas Jason -- now however we are now starting operations. In Brazil. In the Middle East. We're about to open another office in the US -- mid continent found we're looking forward to getting started in Calgary. And that -- to reform its. The one thing -- green brings to the oilsands processed more than any other -- what -- -- -- feature that would -- it's actually a very simple thing. To stop that right now. To match her physical properties of rocks. The oil -- industry is facing tremendous challenge because oil -- are often grains of sands how to get of addiction. So when you put them traditional. -- -- Of laboratory equipment and sort of throw something through it good riddance flow along with the with the -- so what you get. Is a measurement -- just -- me. What we've been able to do is take frozen -- images. And in its native state. Be able to compute the properties. And then start to modify the actual fabric of the rock -- is being produced. And be able to show and compute. How the properties of the rocks are being affected esteem floods in and as a pitchman has displaced. And in a timely -- process compared to what it was earlier. Ultrasonic almost imagine that because of -- Thompson which has a magnitude it turns out that. If you're doing special -- analysis -- site credits from related things like. In the traditional. -- type facilities you're looking at months turnaround times if you're looking. In our case you're looking at a few days have to -- Thanks so she's brought speed and accuracy into the oil sands business to be able to -- -- -- -- also been able to bring a third dimension for it turns out that because. We have a computer image of the rock. We can slow things through it in any direction we want. So we can actually match and I -- -- and rocks also. So it also gives third to nationality to -- -- and it's just before. -- the other great thing actually that that is not understood by many people is that because it is an experiment that you run on the computer. The rock is not being destroyed by the experiment right so you can run off kinds of different scenarios on Iraq. And done better understand how the field is -- -- be -- in the face of different completion methods. It was amazing technology to an editor and I know that in the oil sands business it's gonna be revolutionary for them. For any company with thirty years legacy. And we wish you well when you first birthday and -- -- we look forward to working with you we thank you for your sponsorship of the -- and show. And what we're seeing you next year and -- -- -- -- of those. I've would be delighted. That out of date immigrant absolutely so what thank you very much electricity grid and -- medium --

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