Ivanhoe Energy (OTCMKTS: IVANF) is an energy technology company focused on the development and deployment of advanced in situ heavy oil recovery processes. The company holds proprietary technologies designed to improve oil production efficiency while reducing environmental footprints. Its core offerings center on the THAI (Toe-to-Heel Air Injection) and CAPRI (Combustion-Assisted Preheat and Recovery In Situ) methods, which combine elements of air injection and steam-assisted gravity drainage to enhance bitumen and heavy oil recovery from challenging reservoirs.
Since its founding in 1978 (originally under the name Catamount Petroleum), Ivanhoe Energy has evolved into a technology licensor and project developer. The company’s business activities include conducting field pilots, engineering design, licensing agreements and joint ventures with national oil companies and service providers. Key milestones include field tests in Alberta’s oil sands region and feasibility studies for scale-up operations. Ivanhoe’s approach aims to lower steam-to-oil ratios and greenhouse gas emissions compared with conventional steam-based methods.
Ivanhoe Energy has pursued partnerships and pilot projects in North America, Central Asia and the Middle East, reflecting an ambition to commercialize its technology in diverse heavy oil and bitumen settings. Although the company’s operations have focused on proof-of-concept and pilot-scale deployments, its licensing model positions it to generate revenue through technology fees and performance royalties. By collaborating with regional operators, Ivanhoe seeks to adapt its in situ processes to local reservoir conditions and regulatory frameworks.
Headquartered in Vancouver, British Columbia, Ivanhoe Energy is governed by a board of directors and an executive team with backgrounds in petroleum engineering, project management and environmental sciences. The company continues to refine its recovery technologies, aiming to attract partners for full-scale development and to advance more efficient, lower-emission approaches to heavy oil production.
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