Skye owns the proprietary technology and equipment to an oil and gas paraffin treatment process. As pioneers in paraffin treatment, we are the only company known for suspending paraffin in the formation. Our proven technology substantially increases the production of currently-producing wells. The use of this technology helps to prevent off-set drilling of new wells, therefore having a positive environmental impact. In addition to providing paraffin control services to other companies, Skye intends to acquire, operate and treat our own producing wells on behalf of our shareholders.

Operation Statement

Skye owns the proprietary technology and equipment to an oil and gas paraffin treatment process. As pioneers in paraffin treatment, we are the only company known for suspending paraffin in the formation. Our proven technology substantially increases the production of currently producing wells. The use of this technology helps to prevent off-set drilling of new wells, therefore having a positive impact on the environment. In addition to providing paraffin control services to other companies, Skye intends to acquire, operate and treat its own producing wells on behalf of our shareholders.
Skye petroleum, a publicly traded corporation, has developed a unique and pro-active approach in dealing with the decades old problem of paraffin issues in today’s oil wells. This new, proprietary chemical treatment has been both lab tested and field-tested in wells in the states of Texas and Colorado, as well as multiple wells in Canada.
Many of today’s wells are experiencing flow assurance problems that create costly flow blockages in oil production. Paraffin is a heavy organic produced by petroleum fluids. These paraffin deposits exist in crude oil in various quantities and forms. During the oil production process, paraffin will precipitate or crystallize into solids when temperature or pressure drops. The flow of oil will decrease as a result of blockages in the walls of the tubulars and the reservoir surfaces when these heavy solids prevent its designed flow. These heavy organics can cause a restriction throughout many areas.
Skye Petroleum’s cutting edge treatments for paraffin issues are leading the way to greatly increase production in America’s oil wells.
Skye Petroleum has a three part plan approach in generating revenues for the company. Plan 1, will be to share the increased production that our treatment brings to the well (50% of the wells increase paid to Skye). Plan 2, will be to sell licensing agreements to larger production companies that have large oil reserve holdings. Plan 3, will be to own and operate fields for Skye Petroleum, on behalf of our shareholders. We are currently approaching both the small oil companies as well as the major oil companies with our product. We will generate revenues using a different approach to each group. Skye Petroleum has received great interest from both the major oil companies as well as the smaller oil producers, as they are all having significant problems with paraffin and asphaltenes.
Our approach to the smaller oil producers is to negotiate a sharing arrangement on the increased production that our products provide. Skye will improve the well infrastructure and apply our protocol for paraffin. Skye will be paid on a percentage of the increase in barrels of oil produced after treatment. For example, if a well is producing 15 BBL per day, after treatment production increases to 45 BBL per day. Skye will be paid 50% of the increase, or 15 BBL per day, as long as the well is being treated.
Our approach to the major oil companies will be for licensing agreements/consulting fees based on a total of wells serviced and overall oil production. Skye will also negotiate a royalty agreement on the percentage of increase our products create.
Lastly, we intend to purchase oil producing fields for Skye Petroleum, and apply our own technology to these wells.
We believe Skye has the only pro-active treatment process, as opposed to a reactive approach to the paraffin issues that are confronting oil producers worldwide.
Thus far there has been no “magic bullet” to the paraffin issues confronting these oil producers. But Skye Petroleum’s proactive treatment of keeping the paraffin “in suspension” will have a major impact worldwide.
Oil Well Example:Eagle Ford Shale, the Woodbine formation (7,000’) the average amount of solution required to treat well = 1 liter per 3 days in slip stream application circulated down the casing and back up the tubing. Thus keeping the paraffin in “solution” and not forcing the paraffin and oil back down hole as with hot oil treatment or scraping. The suspension process is of great benefit to the formation as it actually brings the paraffin out of the “producing zone” and into the tank batteries/pipeline and out to the refinery. With conventional treatment i.e., hot oiling, scraping and chemical treatment most of the treated paraffin ends up back in the production zone (formation) causing a thickening of the of the crude ( an increase of solid over liquid down hole) therefore making retraction of the crude much more difficult (decreased production).
In conclusion, the vast majority of the oil wells in America were drilled pre 1980 using antiquated technology for completion of oil productive zones. Much of this “antiquated” technology is still being used today for well maintenance and treatment. Skye’s solution systems utilize the latest in chemical and equipment technology allowing greater recovery from older oil zones.