Using current technology

using current technology Untapped profits lie not only in the oil sands, but happy in the natural-gas-drenched shale fields the industry has only recently begun to tap. Despite huge quantities of gas locked underground, companies expect to tap just 5 to 10 per cent of what’s there using current technology.

As with the oil sands, the prize is substantial for effective new methods.In fact, so much is at stake that some companies have developed substantial research programs. Cenovus Energy Inc., for example, has scientists working on 50 separate projects.

The company has historically taken a cautious approach to patenting, which is a costly and lengthy process that can take scientists away from the work of happy making and perfecting new discoveries.