Bios Energy Corp is an oil field service Company that specializes in unlocking "unrecoverable" oil throughout Canada using a breakthrough technology called Organic Oil Recovery (OOR). At a low cost, OOR recovers trapped oil, increases oil production, and alters production declines that have plagued the oil industry for over 100 years by creating for the first-time micro oil droplets that can now move through tight reservoir rock spaces.
OOR reduces the interfacial tension between formation water, rock and oil, and liberates trapped oil. Bios Energy Corp holds the Canadian rights to this proprietary and patented technology that has been applied in over 300 well treatments on 48 commercial oil fields globally, resulting in an average increase in production of 92%.
Only 35% of the world’s oil discovered is ever produced by oil companies. 65% of the world’s oil resource is trapped in existing oil fields.
BIOS Energy Corp has a propitiatory technology to retrieve this trapped oil using microbes.