MCW At A Glance

A vertically integrated energy company - from oil production to refinery to distribution.

  • In business since 1938
  • Gross Sales over 150 million Euros with positive cash flow
  • Active participant in California Fuel Cell Partnership
  • Proven measurable reserves at 54,000,000 BBL Utilize a proprietary, proven, closed-loop technology for 88 % oil recovery efficiency
  • Estimated cost of oil production $ 18 to $ 20 per barrel
  • The continuous flow system is totally closed-loop, with near-zero solvent loss, emits minimal greenhouse gases and returns the sand to the environment in better-than-original condition
  • The system does not require water and works efficiently on a wide range of oil and sediment types
  • The ore is mined using conventional surface mining techniques and equipment since most of the Utah Oil Sands deposits are from the surface to 250 feet
  • Target prospect characterized by high viscosity sand low sulphur (0.4%) and a gravity rating
  • According to the International Energy Agency’s 2010 edition of its annual “World Energy Outlook,”, “peak oil” and unconventional oil and gas sources may need to shoulder growing demand from China and elsewhere
  • The fundamentals bode well for oil investors, and it will be interesting to see whether the trends play out in favor of Oil Sands Stocks Index components
  • The United States Department of Energy, National Oil Program/National Petroleum Technology subsequently issued a report titled, “Closed-Loop Extraction of Hydrocarbons and Bitumen From Oil-Bearing Sands.” The report concluded that “the program’s objectives were met and that the project successfully demonstrated that the process is economically and environmentally safe.”

We will use all available venues to achieve these objectives, including further efforts to reduce costs, operating efficiency increases, improvement of product and service quality, and application of the latest technologies. We aim to support long-term economic growth, social stability, prosperity and progress in the regions where we operate, as well as caring for the environment and ensuring sustainable use of natural resources We gained to achieve consistent and long-term growth of our business, transforming MCW Energy Group into a leading global energy company. We want to be a reliable supplier of oil and gas on the international energy market and take care about environment and social impacts in places where we conduct business.