Finland-based Neste Jacobs and Global Oil Shale Group (GOS) have signed an oil shale development and engineering agreement.
As part of the deal, both the companies will collaborate on oil shale processing and plant design, to convert oil shale into liquid fuel and gas, as well as carry out upgrading required for synthetic crude oil production.
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Neste Jacobs will take part in GOS’s oil shale processing plant development, which includes engineering, process modelling, testing and optimising, construction commissioning and health and safety monitoring of GOS oil shale plants.
The company will also act as a joint coordinator and project manager to incorporate details from GOS’s other partnerships, to maintain oil shale concentration and thermal processing, which will allow efficient modelling, scaling up and simulation of oil shale processes.
GOS’s 2.18 billion barrels of oil equivalent oil shale project, which is located in the Julia Creek in Queensland, Australia, will be the first project as part of the agreement.
Both the companies will also collaborate on GOS’s oil shale projects, located in North Africa and the Middle East.
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By GlobalDataNeste Jacobs Oy managing director, Jarmo Suominen, said the agreement with GOS will enhance the company’s position in oil shale business.
GOS Group executive chairman, Petri Karjalainen, said Neste Jacobs is a reliable and professional partner, which is expected to co-operate to reach target production profile of up to 50 000 barrels of oil equivalent per day in the company’s oil shale development projects.
"We are really looking forward to a long lasting co-operation with Neste Jacobs," Karjalainen added.
Neste Jacobs provides technology, engineering and project services to different industries, which include oil and gas, petrochemicals, chemicals and biotechnology fields.
GOS is mainly focusing on kerogen rich oil shale deposits to produce synthetic crude oil, as well as electricity production and other value added products.
Image: Outcrop of Ordovician oil shale (kukersite), northern Estonia. Credit: courtesy of Mark A. Wilson
