Oil and gas management and finance
Difficult/marginal field developments
Arctic technology
Implementation of Novel Technology for renewable energy

Eboroil's roots track back to 1977 when Anthony Patrick Haynes founded Eboroil SA (ESA) to provide technical and financial project management and consultancy services to the upstream oil and gas industries. The emphasis was on drilling fluids, their transportation, semi submersible and platform rig designs and the resulting financings and tax agreements.

In 2005, the management company in Switzerland changed hands and it was decided to establish a new holding company in the Isle of Man and ESA was wound up with no external liabilities. Now incorporated as an Isle of Man company, Eboroil Limited is the holding company for Mr Haynes's family and is focused on bringing a range of innovative new energy related companies to market.

In 1995/8, ESA had received contracts from Genciu Nafta and Minijos Nafta in Lithuania and the developments involved organising oil sales to make the projects viable. Jet pumps were employed and an underbalanced sand jetting of one well for Genciu Nafta resulted in a thousand fold increase in production. For Minijos Nafta production increased from 1,100 bopd to 11,500 bopd by underbalanced drilling where one well increased production 17 times between a conventional leg and an UBD leg.

One of the oil buyers in Lithuania introduced the Udmurt Oil company to the management and led to the formation of a new company in 1999 to deal with projects in the CIS. Eboroil Udmurtia Inc (EUI) was founded to handle the development of the three fields in Udmurtia with ESA receiving an agreement to provide the management and providing $85 million of finance. The original project was shelved after Sidanco bought 80% of the client and therefore EUI has started to look for other projects.

Eboroil would like oil and gas companies with difficult to produce reserves to get in touch via the Contacts Page to see how our production enhancement technology may be applied. Mr Cobbett, our Drilling and Production Enhancement Director taught a course on production enhancement world-wide for one of the majors for six years but now we concentrate on receiving a percentage of the increase rather than consultancy fees.

To support this activity, EUI has a frame agreement with a major oil company to sell the products from its projects on a netback basis where the value of the products determines the price received. While it is anticipated that oil from European projects will form the basis where Memorandum of Agreements cover 85,000 bopd in five years time, it may be extended to cover crude oil from other areas such as Angola. So far agreements are being made to participate in the developments as both a technical and financial partner on three European projects where the operator has difficult oil to sell. It is intended to increase the portfolio by bidding in the 25th UK Licence Round.

A second type of project is in development by EUI - the production of diesel from Biomass ,Refinery Residuals and tar sands. The project is based on research by Hamburg and Limerick Universities and could be in pilot production by 2008/9. A new company, Ebordiesel Ltd., Ireland, has been formed and discussions on plants have started in a number of locations.

It is apparent that the technology will be applicable to tar sands and EUI has acquired 25% of a Technical Evaluation Agreement with Perupetro on the Chumpi licence where EUI will have first option to 25% of the concession. It is estimated that the field has 3.4 billion barrels of resources and our process does not require gas or water as per the current operations in Canada. A drilling programme is scheduled for this summer and from the initial tests of samples it appears that it may be possible to convert the hydrocarbons to diesel distillates in the field thereby accessing the transportation fuel market pricing directly. It is expected that the operator will ask Perupetro to agree to test production in 2009/2010.

It is expected that the Ebordiesel technology will be patentable and may be independent of other licensing agreements. A first project will use the technology to convert Refinery Residuals to diesel which has been tested at Hamburg University with encouraging results. A 30 ton per day pilot plant has been costed by Hamburg Technical University. We have an inquiry for a plant to handle 480,000 tons per year in Russia where we will sell the products to an European oil major.

A third type of project has been started on the feasibility of providing base load electric power from ocean currents. Discussions with turbine manufacturers have started and it is expected EUI's project finance expertise will allow the first project to be realised in 2011/12. Eborpower Ltd was formed in Gibraltar in January 2008. An application to measure currents at the first site has been submitted and the programme should start in July 2008.

EUI is registered in Panama and we have received approaches to get involved in hydro power projects there. The Eborpower Board has agreed to investigate how these projects could be financed.

Since EUI no longer is concentrating on Russia, it is proposed to change the name to Ebor Holdings Inc.

Last revised 21st March 2008