Ivanhoe Energy (OTCMKTS:IVANF) is an independent energy company specializing in the development and application of enhanced oil recovery (EOR) technologies. With a primary focus on steam-based extraction methods, Ivanhoe Energy aims to improve recovery rates from heavy oil and bitumen reservoirs. The company’s proprietary processes include cyclic steam simulation (CSS), steam-assisted gravity drainage (SAGD) and steam flood techniques, each designed to maximize output while minimizing environmental impact.
Ivanhoe Energy’s core product offerings center on technology licensing, project management and field services. The company provides full‐cycle support for EOR projects, from reservoir evaluation and pilot testing to full‐scale commercial operations. Technical services include reservoir modeling, steam plant design, and environmental monitoring, enabling clients to deploy Ivanhoe’s methods in a wide range of reservoir conditions and temperature regimes.
Historically, Ivanhoe Energy established its expertise through pilot programs in North America before expanding into Asia. The company has conducted joint ventures in China’s Sichuan Basin, collaborating with national oil companies on SAGD projects. In Canada, Ivanhoe has undertaken field trials in Western Canadian Sedimentary Basin formations, working alongside local partners to refine steam‐based extraction under cold‐weather conditions.
Ivanhoe Energy is led by a management team of seasoned oil and gas professionals with extensive experience in EOR innovation and project execution. Headquartered in Houston, the company maintains technical offices and field operations across its key regions. Through continued technology development and strategic alliances, Ivanhoe Energy aims to deliver enhanced recovery solutions that support both production efficiency and environmental stewardship.
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