Petrofrontier Announces Partnership With the Korea Institute of Geoscience And Mineral Resources
Petrofrontier Announces Partnership With the Korea Institute of Geoscience And Mineral Resources
CALGARY, AB / ACCESSWIRE / August 15, 2023 / PetroFrontier Corp. ("PetroFrontier" or "the Corporation") (TSXV:PFC) is pleased to announce that it has partnered with the Korea Institute of Geoscience and Mineral Resources ("KIGAM") enabling PetroFrontier to initiate the development of its enhanced oil recovery ("EOR") opportunities. The partnership will proceed under the terms of the Cooperative Research and Development Agreement (the "Agreement") signed by the parties. The Agreement provides for the design and construction of an advanced EOR pilot program and the completion of comprehensive front-end engineering and design for a future 20,000 barrels per day commercial development. KIGAM has committed to contribute approx. CND$30MM in non-equity, non-debt funding for research and development to be provided to PetroFrontier in renewable annual tranches of approx. CDN$5MM over the next six years.
卡尔加里,AB/ACCESSWIRE/2023年8月15日/PetroFrontier Corp.(“PetroFrontier“或”地铁公司“)(TSXV:PFC)很高兴地宣布,它已与韩国地球科学和矿产资源研究所(“KIGAM“)使PetroFrontier能够启动其提高采油能力的开发(”提高采收率“)机会。伙伴关系将根据《合作研究和发展协定》(《合作研究和发展协定》)的条款进行。协议该协议规定设计和建设一个先进的提高采收率试点项目,并为未来每天20,000桶的商业开发完成全面的前端工程和设计。KIGAM已承诺在未来六年内以每年约5加元的可再生部分向PetroFrontier提供约3,000万元的非股权、非债务研究和开发资金。
The aim of the partnership is to utilize and advance cutting-edge EOR technologies, including water recycling capability, carbon capture and storage, and partial upgrading of the produced crude oil. Beyond serving as a pioneering research project, the EOR pilot project also aims to generate near and long-term social and economic benefits including by focusing on technologies that maximize energy efficiency and environmental responsibility.
该伙伴关系的目的是利用和推进尖端的提高采收率技术,包括水循环能力、碳捕获和储存以及已生产原油的部分升级。除了作为一个开创性的研究项目外,提高采收率试点项目还旨在产生短期和长期的社会和经济效益,包括通过专注于最大限度地提高能源效率和环境责任的技术。
Kelly Kimbley, President and CEO of PetroFrontier, stated "I would like to thank KIGAM for selecting PetroFrontier to partner with it in this worthwhile and value-creating initiative. We look forward to working with KIGAM to set new benchmarks in enhanced oil recovery techniques in a Canadian industry that is already a world leader in environmentally and socially responsible resource development. We believe that the partnership will enable KIGAM to showcase Korea's world class technological and manufacturing expertise and apply it to Canada's best-in-class resource development technologies and practices."
PetroFrontier首席执行官兼首席执行官凯利·金布利表示:“我要感谢KIGAM选择PetroFrontier与其合作,开展这项有价值和创造价值的计划。我们期待着与KIGAM合作,在加拿大石油开采技术方面树立新的标杆,该行业在环境和社会责任资源开发方面已经处于世界领先地位。我们相信,这一合作伙伴关系将使KIGAM能够展示韩国的世界级技术和制造专业知识,并将其应用于加拿大一流的资源开发技术和实践。”
Dr. Young-Ju Kim, head of the integrated demonstration of oil sands project for KIGAM stated "I am sincerely pleased that PetroFrontier, with its experience and expertise in heavy oil projects, will carry out a pilot project with KIGAM. Through the pilot project, PetroFrontier's advanced technology will enable Korea to secure localized technology for the production of unconventional resources and achieve technological independence in future resource development. We hope that the cooperation between KIGAM and PetroFrontier will continue, starting with the enhanced oil recovery pilot project."
KIGAM油砂综合示范项目负责人Young-ju Kim博士表示:“我很高兴PetroFrontier凭借其在重油项目方面的经验和专业知识,将与KIGAM开展一项试点项目。通过这一试点项目,PetroFrontier的先进技术将使韩国能够获得用于生产非常规资源的本地化技术,并在未来的资源开发中实现技术独立。我们希望KIGAM和PetroFrontier之间的合作将继续下去,从强化采油试点项目开始。”
About KIGAM
关于KIGAM
The Korea Institute of Geoscience and Mineral Resources, with its principal office in the City of Daejeon, Republic of Korea, is a leader in pioneering research and technological excellence and is engaged in projects all over the world. Renowned globally, KIGAM's commitment to advancing geoscience and mineral resource exploration, and its unwavering dedication to shaping a sustainable future through transformative initiatives, is unparalleled. With a distinguished history of innovation, KIGAM is a trailblazer in groundbreaking solutions from environmental stewardship to cutting-edge technology. KIGAM's collaboration with PetroFrontier Corp. forms a powerful union, uniting visionary endeavors in an enhanced oil recovery pilot that embraces sustainability, innovation, and community prosperity.
韩国地球科学和矿产资源研究所的主要办事处设在大韩民国大田市,在开创性研究和技术卓越方面处于领先地位,并参与了世界各地的项目。KIGAM享誉全球,致力于推进地球科学和矿产资源勘探,并坚定不移地致力于通过变革性的举措塑造可持续的未来,这是无与伦比的。凭借卓越的创新历史,KIGAM是从环境管理到尖端技术的开创性解决方案的先驱。KIGAM与PetroFrontier Corp.的合作形成了一个强大的联盟,将富有远见的努力团结在一个拥抱可持续发展、创新和社区繁荣的增强型石油开采试点中。
About PetroFrontier Corp.
关于PetroFrontier Corp.
PetroFrontier is a junior energy company focused on responsible resource development in partnership with First Nations and currently operates heavy oil projects in the Cold Lake and Wabasca areas of Alberta. Committed to generating value for its stakeholders, PetroFrontier continually strives to improve its operating, environmental, social and governance practices and the delivery on its commitment to enhance the communities in which it is honoured to work.
PetroFrontier是一家初级能源公司,与第一民族合作,专注于负责任的资源开发,目前在艾伯塔省冷湖和瓦巴斯卡地区经营重油项目。PetroFrontier致力于为其利益相关者创造价值,不断努力改进其运营、环境、社会和治理实践,并履行其加强其荣幸工作的社区的承诺。
PetroFrontier's head office is in Calgary, Alberta and its common shares are listed for trading on the TSV Venture Exchange under the symbol "PFC".
PetroFrontier的总部位于阿尔伯塔省的卡尔加里,其普通股在TSV风险交易所上市交易,代码为“PFC”。
More information pertaining to PFC can be obtained under the Corporation's profile on Sedar which can be accessed online at .
有关PFC的更多信息可在公司在Sedar上的简介下获得,该简介可在线访问。
Forward-Looking Statements
前瞻性陈述
This press release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which may be beyond the control of PetroFrontier. All statements included herein, other than statements of historical fact, are forward-looking information and such information involves various risks and uncertainties. There can be no assurance that such information will prove to be accurate, and actual results and future events could differ materially from those anticipated in such information. Any forward-looking statements are made as of the date of this release and, other than as required by applicable securities laws, PetroFrontier does not assume any obligation to update or revise them to reflect new events or circumstances.
本新闻稿可能包含前瞻性信息,涉及大量已知和未知的风险和不确定性,其中大部分可能超出PetroFrontier的控制范围。除有关历史事实的陈述外,本文中包含的所有陈述均为前瞻性信息,此类信息涉及各种风险和不确定性。不能保证这些信息将被证明是准确的,实际结果和未来事件可能与这些信息中预期的大不相同。截至本新闻稿发布之日,除适用的证券法要求外,PetroFrontier不承担任何更新或修改这些声明以反映新事件或新情况的义务。
The TSX Venture Exchange has neither approved nor disapproved the contents of this press release.
多伦多证券交易所创业板既没有批准也没有反对本新闻稿的内容。
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
多伦多证券交易所创业板交易所及其监管服务提供商(该术语在多伦多证券交易所的政策中定义)均不对本新闻稿的充分性或准确性承担责任。
For More Information, Please Contact:
欲了解更多信息,请联系:
Kelly Kimbley, President & CEO
PetroFrontier Corp.
Suite 700, 903 - 8 Avenue S.W.
Calgary, Alberta, Canada T2P 0P7
凯利·金布利,总裁首席执行官
PetroFrontier Corp.
西南大道903-8号700号套房
加拿大阿尔伯塔省卡尔加里T2P 0P7
Telephone: (403) 650-6355
Email: kkimbley@petrofrontier.com
Website:
电话:(403)650-6355
电子邮件:kkimbley@PetroFrontier.com
网站:
SOURCE: PetroFrontier Corp.
资料来源:PetroFrontier Corp.