The company is singularly focused on the commercialization of the methods and equipment to superheat steam at SAGD wellpads which is projected to increase economics and efficiency greatly. The SOR (steam -oil-ratio) metric which is used as a indicator of project performance, is projected to be improved by upwards of 10%. This is a signifanct improvement for an Operator; especially as most projects are steam limited: a modest superheater investment will support a increase of oil production and project cash flow. The project GHG emissions will be lower due to the improved performance.
Mr. Montemurro has over 30 years of experience in the Canadian oil and gas industry, including significant thermal project experience as well as early stage energy technology commercialization. Mark is currently President of Steam Booster Technologies Ltd. and is current assisting one other technology start-up. Recently he was VP, Thermal at Baytex Energy and previously has held a variety of executive positions, primarily leading subsurface, facility and operations teams with Sunshine Oilsands Ltd., Laricina Energy Limited, Deer Creek Energy Limited and PanCanadian Energy Corporation. He also co-founded Alter NRG, a Canadian public alternate energy company involved in plasma gasification. He holds a Bachelor of Science degree in Chemical Engineering from the University of Calgary and is a practicing member of the APEGA. Mark also has the Institute of Corporate Directors, ICD.D designation.