oa Heavy Oil: Development Challenges and Implementations of Technologies and Processes in an Investment and Carbon Constrained World

Heavy oil offers a large potential resource base for meeting the world's long-term energy needs, however these are<br>more difficult barrels to recover and face a number of challenges. In the near term, the global economic crisis has led<br>to a dramatic reduction in the hydrocarbon prices, which led to the slow down and / or reconsideration of the<br>investment conditions and resulting in postponing few of the major complex and costly projects. There is also growing<br>emphasis on reducing greenhouse gas emissions.