The versatility of rare earths has led to their use in an ever-increasing variety of applications in new technologies. Consequently, demand for rare earths has increased significantly. Everybody wants to extract rare earths because they’re so important, but metallurgical processing is complicated and comes at a high cost.
CHOPs produces thousands of barrels of heavy oil per day for Saskatchewan, but also leaves 90 per cent of the oil in the reservoir untouched. Maturing wells represent an opportunity to deploy new technology into the reservoirs to recover the remaining oil.