BWPC is seeking participation in oil sands projects globally as a way to maximize the company’s investment potential. BWPC and its chemical partners have the means of testing oil sans to find the least expensive chemical method to strip the oil from the sand without the use of heat. Typical steam methods entail a high cost per barrel produced, and create an environmental mess. BWPC’s method would entail an auger driving the sand into mobile steel tanks where the sand is chemically treated with surfactants resulting with oil floating to the surface of the tank and clean sand being replaced into the extraction pit.


BWPC will seek to joint venture with under-capitalized oil producers to stimulate their oil wells and increase production by use of acidizing, nano-engineered solvents and custom engineered surfactants to maximize production from older existing wells. The company intends to leverage its equipment and chemicals to earn a share of oil production by cleaning and stimulating old oil wells.


BWPC understands the potential of undeveloped heavy oil reserves. According to the USGS, there are billions of barrels of proven heavy oil and natural bitumen reserves globally hat are not being produced due to technical and economic viability reasons. Heavy oil is crude with an API gravity between 10-20. Natural bitumen has an API gravity normally between 4-9. In the past, steam technology was used to produce heavy oil (Athabasca, Bakersfield) but often the cost of production has exceeded $50/bbl making steam not viable in the current price environment. The other problem with the steam method is that the produced heavy oil will solidify quickly as it cools necessitating the addition of costly viscosity reducers known as diluents or heated tanks to maintain the temperature until delivery to the refinery.

Blue Water Petroleum


BWPC seeks participation in lower cost, lower risk drilling projects with strong production from multiple pay zones in the Rocky Mountain region, particularly in the Powder River Basin of Wyoming and the DJ Basin of eastern Colorado. Projects would have maximum depths of approximately 6,000 feet, initial production of 300 to 500 barrels per day and recoverable reserves of 1 million barrels or more. The company seeks to participate in several projects with smaller percentages rather than commit to 100% of the cost of a single project.


The typical oil well only produces 30-50% of its reserves before it declines and gets plugged and abandoned. This is because the natural Bottom Hole Pressure that is helping to force the oil out becomes depleted or exhausted. Good wells can often become ‘strippers’ (making less than 10 BOPD) very quickly because the natural gas pressure in the formation declines as the oil is produced leaving only the pressure created by the overburden rock. The oil production itself leaves deposits of paraffin, asphalt, iron and scale that plug off the original porosity and permeability of the reservoir that also diminishes production with time. This means there is much more oil left behind in most wells than has ever been produced. This oil can now be recovered.