A27 Performance of Ivanhoe Energy's HTL Crude Oil Upgrading Process N. Malpiede* (Ivanhoe Energy) E. Veith (Ivanhoe Energy) & J. Kuhach (Ivanhoe Energy) SUMMARY Ivanhoe Energy’s proprietary heavy oil to light oil (HTL) upgrading technology is designed to cost effectively process heavy oil in the field and provide a stable significantly upgraded synthetic oil product along with by-product energy which can be used to generate steam or electricity. Analysis shows that HTL can virtually eliminate cost exposure to natural gas and diluent and capture the majority of the heavy to light price differential for oil producers. HTL accomplishes this at