Oil, Gas and Consumable Fuels
Company Overview of Northern Oil Research Technologies Inc.
Company Overview
Northern Oil Research Technologies, Inc. operates as an oil process development company. The company has developed and patented a low pressure and temperature chemical process for upgrading heavy crude oil. Northern Oil Research Technologies, Inc. is based in Canada. As of July 23, 2008, Northern Oil Research Technologies Inc. operates as a subsidiary of Sonic Technology Solutions Inc.
, AB
Canada
Key Executives for Northern Oil Research Technologies Inc.
Northern Oil Research Technologies Inc. does not have any Key Executives recorded.
Northern Oil Research Technologies Inc. Key Developments
Kilimanjaro Capital Ltd. has signed a Strategic Technology Alliance with Northern Oil Research Technologies Inc. (NORT). Northern Oil Research Technologies Inc. (NORT) holds a patent on a process for a heavy crude oil upgrading technology which is environmentally friendly and economically attractive. Heavy oil reserves are common in West Africa where Kilimanjaro Capital's portfolio is focused. Kilimanjaro Capital recently signed agreements for exclusive oil and minerals rights with the exile governments of Southern Cameroons, Cabinda and Biafra. Forest Gate Energy also has a 20% stake in Southern Cameroons. Kilimanjaro indicated that the heavy crude oil upgrading technology developed by NORT's chief scientist Frederick Boakye is particularly attractive because it leaves a small carbon footprint. Under the terms of the Strategic Alliance, NORT will also be a provider of technology assistance to Kilimanjaro Capital.
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