GLASSPOINT SHOWCASES SOLAR ENHANCED OIL RECOVERY TECHNOLOGY AT KUWAIT OIL & GAS SHOW 2015

GlassPoint Solar, the global leader in solar enhanced oil recovery (EOR), is showcasing its innovative solar steam technology at the Society of Petroleum Engineers (SPE) Kuwait Oil & Gas Show and Conference 2015 (KOGS) taking place from the 11th to the 14th of October. Engineers, executives and students will learn how GlassPoint’s solution can empower oil producers with an economic alternative to using natural gas in heavy oil production. 

At the exhibition, GlassPoint unveiled a virtual reality 3D tour of Miraah, its landmark project with Petroleum Development Oman in southern Oman. Announced in July, the mega project will harness the sun’s energy to produce an average of 6,000 tonnes of steam per day, replacing valuable gas. The virtual reality demonstration allows visitors to immerse themselves within one of the world’s largest solar plants, experiencing first-hand how solar technology can be deployed in Kuwait to achieve the country’s energy goals. 

“Kuwait is challenged by significant natural gas shortages, which is increasingly needed for electrical power generation. Planned thermal EOR projects in Kuwait will require large amounts of imported natural gas or other fuel to generate steam, putting the state’s heavy oil production in competition with other gas users,” said Hussain Shehab, GlassPoint’s Kuwait Country Chairman. “Solar can provide the vast majority of a field’s steam needs at the lowest cost, reducing future dependence on imported gas. In light of today’s low oil prices, solar is a strategic solution to optimize production costs and strengthen energy independence.” 

Commenting on the company’s growth in Kuwait, Shehab added, “Since GlassPoint opened its office in Kuwait last year, we have been seeking the right people and resources to support the country develop its heavy oil sustainably. We are thrilled to announce the appointment of May Alzanki as GlassPoint’s Sales and Business Development Director. May brings more than 15 years of experience within the international oil and gas industry and the financial sector in Kuwait, including senior roles at Kuwait Energy, Kuwait Financial Centre (“Markaz”) and Kuwait Oil Company (“KOC”).”

GlassPoint CEO Rod MacGregor commented, “The high cost of producing heavy oil coupled with year-round sunshine makes Kuwait one of the largest markets for solar powered oil production worldwide. However, high winds, dust and sandstorms create a tough operating environment for solar. GlassPoint’s enclosed trough technology has been proven to not only survive, but thrive in these harsh desert conditions. Our pilot in south Oman has exceeded performance targets for nearly three years, which led to the award of a project over one hundred times larger. The opportunity for solar EOR in Kuwait is just as massive, exceeding dozens of gigawatts of thermal demand.” 

As part of KOGS, MacGregor will participate on the panel session “Managing Innovation” moderated by Kuwait Oil Company and Chevron. GlassPoint is also presenting two co-authored technical papers “Solar Enhanced Oil Recovery Application to Kuwait’s Heavy Oil Fields” presented by VP Daniel Palmer and “Economics of Steam Generation for Thermal EOR” by Director of Sales Marwan Chaar.