VivaVentures Energy Group (VVEG) is focused on natural resources in specific areas where there is a sizable advantage to utilizing Vivakor’s technology and methodology for extraction of high-quality oil from the rich, designated Eastern Utah oil sands area in a clean, environmentally responsible manner.
The Company is focused in very specific markets where there is a considerable advantage to utilizing Vivakor’s proprietary, patent-pending technologies and methods for oil extraction and processing of high value resources.
No “Dry Holes”
VVEG’s intellectual properties are industry disruptive (key metrics supported), with a very low cost structure in its operational model; providing a significant advantage in volatile priced markets. There simply aren’t any (expensive) dry holes!
VVEG’s extraction technology can produce generally .8 – 1 barrel of oil per cubic yard (~1 ton) of Utah oil sands processed with a low sulfur content (sweet) and a ~35 API (light). Refineries view these attributes as very advantageous; they actually pay a premium for such oil qualities, which is another huge plus for VVEG.
Currently there is no real production from oil sands in the Utah Uinta basin, which provides VVEG a pivotal, strategic first-mover advantage. State of Utah political support has been obtained up through the Governor’s office.
VVEG is also diligently working on remediation and reclamation of oil that has spilled on to beaches and in oil fields where there is a considerable effect on the environment.
The Company is actively expanding its presence into other strategic markets across the globe.